MANAGEMENT

Planetary Resources partners with Luxembourg government

Planetary Resources, an asteroid mining company, has finalised a €25 million (US$28 million) agreement that includes direct capital investment of €12 million and grants of €13 million from the government of the Grand Duchy of Luxembourg and the banking institution Société Nationale de Crédit et d’Investissement (SNCI)

Staff reporter
Planetary Resources’ president & CEO Chris Lewicki and Luxembourg’s Deputy Prime Minister Etienne Schneider

Planetary Resources’ president & CEO Chris Lewicki and Luxembourg’s Deputy Prime Minister Etienne Schneider

The funding will accelerate the company’s technical advancements with the aim of launching the first commercial asteroid prospecting mission by 2020. This milestone fulfilled the intent of the MoU with...

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