Over 50 years after Americans walked on the moon for the first time, the U.S. finds itself in a new modern space race.

Several countries are now eagerly trying to land on the dark side of the moon in an effort to one day tap its resources.

Just this week, India became the fourth nation on Thursday to successfully land on the moon. That was just days after Russia's first lunar mission in nearly five decades failed.

Former NASA Administrator Jim Bridenstine joined Chris Foster earlier this week, just before India' historic success, to discuss why there is an urgency to land on the south pole of the moon and why the water, and minerals there matter so much.

Bridenstine explained how establishing bases near and on the moon could benefit private businesses and be a launching pad to future Mars missions. Bridenstine also explained why the he fears China will establish a moon base first and why it's important the government takes the new moon race very seriously.

We made edits for time and thought you might like to hear our entire conversation with Former NASA Administrator Jim Bridenstine. On today's FOX News Rundown Extra, you'll our entire conversation about why the modern moon race is so critical to America's future.

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Extra: Why The U.S. Must Beat China In The Latest Moon Race 19:51

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Extra: Why The U.S. Must Beat China In The Latest Moon Race