May 6, 2016

Luxembourg reaches for the stars with asteroid mining deal

Posted by in categories: government, space travel

Still trying to figure out how Luxembourg got a space program.

(AFP) Luxembourg has staked its claim to the final frontier with an ambitious plan to profit from the mining of asteroids, the government said Thursday.

The Grand Duchy has joined forces with American company Deep Space Industries (DSI) to cash in on the wealth of natural resources thought to exist on asteroids.

The two have inked an agreement that will pave the way for Luxembourg to partly fund DSI’s plans to probe nearby asteroids for mineral riches using “nano” spaceships.

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