A: What are you checking out?

B: Here’s a piece of big news. A group of billionaires announced a plan — a US$1 billion joint venture to develop clean energy technology and bring it to market.

A: That’s indeed a moon shot.

Note: Originally it refers to a spacecraft mission to the moon. The phrase is also used as a metaphor for “an extremely ambitious project or mission undertaken to achieve a monumental goal.” In sports, it can refer to “a hit or thrown ball that travels a great distance with a high trajectory.”