The Luxembourg government has agreed to purchase up to 49 percent of the equity in asteroid-mining company Planetary Resources’ Luxembourg operations as part of the effort to make Luxembourg the nexus of space-based resource exploitation, an industry official said.An announcement of the agreement was scheduled for June 13 in Luxembourg, the official said. link.
Luxembourg will make an initial investment of 200 million euros ($227 million) to become the “Silicon Valley of space resources” under an initiative that will primarily benefit two American asteroid mining companies.The investment will...Show More Summary
FASTER, PLEASE: Luxembourg’s Asteroid Mining Initiative Could Boost Space Exploration.
Luxembourg makes a large bid to fund the initiative aimed at making asteroid mining an industry. The country has been the first to launch a satellite into space in 1980.
Luxembourg’s new law that will allow the country to begin issuing licenses to asteroid mining companies in 2017, giving them legal rights to the materials they harvest in space.
Last year, the senate quietly passed the Space Act of 2015, which grants US citizens or corporations the right to claim non-living natural resources - including water and minerals - mined out in space. Today, Luxembourg is setting aside funds to do just that. Show More Summary
OS Funds' Bryan Johnson, Google's Larry Page, and other investors have put $21 million into asteroid mining startup Planetary Resources.
Those efforts are seemingly emboldened by the Commercial Space Launch Competitiveness Act (CSLCA), legislation passed by Congress and signed into law last November. A section of the law grants companies the rights to resources they extract...Show More Summary
A tiny European country is jumping into an unusual space race. Luxembourg is partnering with California-based Deep Space Industries to produce a spacecraft that will test many features necessary for asteroid mining. The module, known as Prospector X, will be launched sometime "in the near future,” according to the company. Show More Summary
It sounds like something straight out of science fiction: mining for natural resources on an asteroid hurtling through space at tens of thousands of miles an hour. But in as little as five years, asteroid mining could become a reality. On...Show More Summary
With a population of under 600,000, it's not surprising Luxembourg isn't currently on the list of spacefaring nations. But that hasn't stopped its government, along with the Luxembourg Société Nationale de Crédit et d'InvestissementShow More Summary
Asteroid mining company Deep Space Industries, together with the Luxembourg Government and the Société Nationale de Crédit et d’Investissement (SNCI), the national banking institution in Luxembourg, have signed an agreement formalizing...Show More Summary
A few months back, Luxembourg—a tiny country better known for world-class pastries—announced its intention to become a leader in asteroid mining . Now, Luxembourg has revealed the first step in its plan to fill the banking vaults with space-grade platinum: a small, water-powered spacecraft. Read more...
Before you can mine asteroids, you first have to figure out how to get to them.
Canada:The opinion has been expressed Canada at risk of losing out on the riches of asteroid mining. Europe: Antitrust regulators are not granting immediate approval for Safran acquiring Arianespace.The Europeans are looking at what to do for the next iteration of the Vega rocket.They are also considering a new, smallsat launcher. Show More Summary
Google co-founder Larry Page and the tiny country of Luxembourg are angling for first-mover advantage in the asteroid mining industry.
The Luxembourg Government became the first European country to express serious interest in the potentially lucrative business of asteroid mining on Wednesday. Some have gone so far as to say that asteroid mining could grow to becomeShow More Summary
The Luxembourg Government announced a series of measures on Feb. 3 that will boost asteroid mining and the visionary use of space resources, according to a statement from the country’s Ministry of the Economy. It’s the stuff of George Lucas, Jules Verne and James Cameron. Yes, James Cameron, the film director of Titanic, The Terminator […]
21ST CENTURY HEADLINES: Luxembourg to invest in space-based asteroid mining. The Luxembourg government on Feb. 3 announced it would seek to jump-start an industrial sector to mine asteroid resources in space by creating regulatory and financial incentives. Show More Summary
The country has announced it will support the development of new laws governing outer space resources and fund research projects into mining asteroids