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

Briefing

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

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

Sector

Mining and Natural Resources

Organization

Planetary Resources

Source

Original Publication Date

November 3, 2016

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