Luxembourg invests €25 million in Planetary Resources to mine asteroids in space

Briefing

December 16, 2016

Briefing	€25 million investment – Luxembourg is investing €12 million in Planetary Resources, with another €13 million from public investment bank SNCI, making country a big shareholder and backer of its asteroid mining efforts Asteroid mining launch – Planetary Resources plans to use investment for launch of asteroid prospecting system by 2020 Other investment – Has an agreement with Deep Space Industries, a competitor of Planetary Resources, though details of funding have not been announced yet
Accelerator	Space Commercialization
Sector	Mining and Natural Resources
Organization	Planetary Resources
Source	Coldewey, D., "Planetary Resources mines Luxembourg for $28M in asteroid-hunting funds", TechCrunch, https://techcrunch.com/; AcceleratingBiz analysis
Original Publication Date	November 3, 2016

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