Asteroid mining wins another adept with the duchy of Luxembourg eagerly following in the footsteps of the U.S. Last year, President Obama signed the U.S. Space Act, a controversial piece of legislation which encourages the private sector to seize the momentous opportunity that is asteroid mining. This Wednesday, Luxembourg - the tiny European country, officially announced its … [Read more...]
Mining Company Used Alien Materials to Create Metals
(The Monitor Daily, US) –Planetary Resources has achieved an impressive feat. The mining company used alien materials to create metals, later to be used to fashion the replica of a spacecraft. Asteroid mining is considered to be quite a recent term. Basically, it means to take advantage of all the junk floating around in space and turn it into valuable resources. Planetary … [Read more...]
The Age of Asteroid Mining is Upon Us
The age of asteroid mining is upon us and the U.S. seems to take a regulatory lead with President Obama just signing the U.S. Commercial Space Launch Competitiveness Act. The only problem is that this new regulatory framework might come in conflict with international space law and several international treaties. The bill is strong on other points. The United States reaffirmed … [Read more...]
