Luxembourg digs deep for asteroid mining project
Luxembourg's Government has invested 25 million euros in asteroid-mining firm Planetary Resources Inc, enabling the firm to launch its first prospecting mission in 2020.
Luxembourg's Government has invested 25 million euros in asteroid-mining firm Planetary Resources Inc, making it a key shareholder.
The investment was made via public-law banking institution “Société Nationale de Crédit et d’Investissement” (SNCI) and was agreed as part of Luxembourg's SpaceResources.lu initiative to mine resources from near earth objects such as asteroids.
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