•Jain said the company is eventually looking to create human colonies on the moon

Moon Express, a company planning to mine material on the moon, is "definitely" going to launch its first mission next year, and could have human colonies there within five years, Chairman Naveen Jain told CNBC on Thursday.

In January, the company said that it was targeting a date in late 2017 to send its lander to the moon. But that has been pushed back until 2018.

"It's definitely going to be next year, we are in the final stretches of it. And as you can imagine it's rocket science," Jain told CNBC in a TV interview from the Slush technology conference in Helsinki, Finland.