Commercial Spaceflight And The Dawning Age of NewSpace

Luxembourg to invest in space-based asteroid mining |

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 venture.

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See on Scoop.itThe NewSpace Daily


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