Luxembourg wants to become the NASA of asteroid mining
Luxembourg intends to one day become a major hub for deep-space commercial operations.
The country announced Wednesday it plans to help foster the growth of an asteroid-mining industry. Luxembourg, with a population roughly the size of Albuquerque (562,000), said it is the first European country to provide the legal and regulatory framework to ensure asteroid prospectors retain ownership of the precious metals they extract.
Luxembourg officials also said the country will invest in research and development, as well as into companies already “active in the field.” The goal is to stimulate economic growth on Earth and “offer new horizons” in space exploration.
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