Commercial Spaceflight And The Dawning Age of NewSpace

Luxembourg to invest in space-based asteroid mining | SpaceNews.com

PARIS —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.

The incentives include co-investment in research and development and, eventually, direct capital investment in space resource-mining companies setting up shop in Luxembourg.

Announced by Vice Prime Minister Etienne Schneider, who is also the nation’s economics minister, the initiative has already lured U.S.-based Deep Space Industries of Mountain View, California, to create a Luxembourg subsidiary. Schneider said other U.S. companies, including SpaceX of Hawthorne, California, and Planetary Resources of Redmond, Washington, are in talks with Luxembourg authorities regarding the Spaceresources.lu venture.

Sourced through Scoop.it from: spacenews.com

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