The government of Luxembourg expects to soon have in place both a new national space law and a national space agency, two key steps in the small European country’s outsized contribution to the development of a space resources industry.
Few events at the NASA Ames Research Center draw the crowd that greeted Luxembourg’s royal delegation April 12. The Grand Duchy’s prince, princess and deputy prime minister met with NASA officials, Silicon Valley entrepreneurs and investors to discuss Luxembourg’s campaign to harvest valuable materials from asteroids, moons or planets.
A bill would create a legal framework for companies to have rights to space resources they extract.
A Luxembourgian politician wants to breathe new life into the European Space Agency’s cancelled Asteroid Impact Mission (AIM) despite the program not garnering enough financial support to move forward.
The Luxembourg government has agreed to purchase up to 49 percent of the equity in asteroid-mining company Planetary Resources’ Luxembourg operations as part of the effort to make Luxembourg the nexus of space-based resource exploitation, an industry official said.
The Luxembourg government on June 3 reaffirmed and strengthened its backing for a homegrown space-mining industry, saying it would invest more than $200 million in research, technology demonstration and in the direct purchase of equity in companies relocating to Luxembourg.
The Luxembourg government on Feb. 3 announced it would seek to jump-start an industrial sector to mine asteroid resources in space by creating regulatory and financial incentives.