JOURNAL ARTICLE

Space Mining's Best Prospect Is VC Money, Not Asteroid Gold.

  • Published In: Bloomberg.com, 2023. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Lorinc, Jacob 3 of 3

Abstract

AstroForge Inc., a startup seeking to mine asteroids, is among several companies that have studied the metallic composition of fallen asteroids and want to mine them in outer space. While asteroid mining companies have attracted significant investment in the past, none have succeeded in harvesting metals. However, fresh capital continues to flow into space mining ventures, with recent exploratory missions and NASA initiatives supporting the nascent sector. Despite skepticism, space executives believe that advancements in technology and innovations from companies like SpaceX make asteroid mining increasingly plausible. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2023/12, pN.PAG
  • Document Type:Article
  • Subject Area:Mining and Mineral Resources
  • Publication Date:2023
  • Accession Number:174062966
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