«Luxembourg to invest in space-based asteroid mining»

pubil«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.

The incentives include co-investment in research and development and, eventually, direct capital investment in space resource-mining companies setting up shop in Luxembourg.

Schneider said he has been interested in asteroid resource mining since 2013 – well before the U.S. Commercial Space Launch Competitiveness Act.

The U.S. bill appeared headed for international legal protest because it endorses commercial extraction by U.S. citizens of resources from asteroids, the moon or other celestial bodies. But the International Institute of Space Law has issued a mainly favorable assessment of the legal validity of the Space Act, and senior European Union officials have as well.»

More information: here.

Source: Space News.