Subscribe | UPI Odd Newsletter Subscribe BEIJING, Oct. 27 (UPI) -- Chinese authorities are investigating a Beijing company, registered only last month, that claims to sell land on the moon, the Beijing News reported Thursday. The Beijing Lunar Village Aeronautics Science and Technology Co. registered on Sept. 5 to conduct business activities including space travel, development of the moon and sales of land on the moon, the newspaper reported. Advertisement The domestically financed company claimed registered capital of $1.23 million, but local authorities said it had only 100,000 yuan (about $12,000). The company, which calls itself the Lunar Embassy in China, offers an acre of land on the moon for $37. The company issues customers a certificate of entitlement including rights to any minerals located up to 3 kilometers (nearly 10,000 feet) underground. Li Jie, chief executive officer of the company, claimed he had received several hundred telephone orders in the past few days, Xinhua reported.