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☆ AstroForge: How this startup plans to make asteroid mining a reality.
▼ + stars: | 2024-04-23 | by ( Amy Gunia | ) edition.cnn.com time to read: +11 min

Now the California-based startup is attempting to make asteroid mining a reality. That makes AstroForge the only company with a refinery that can turn M-type asteroids into PGMs in space, he adds. Some in the scientific community are skeptical that the private sector will be able to afford asteroid mining. Its all-or-nothing, lower-cost approach may help push asteroid mining closer to reality. “I hope if nothing else,” Gialich says, “we’re known as a space company that went for it.”

Persons: Matt Gialich, Gialich, Jose Acain, “, ”, we’re, “ We’re, AstroForge, Edward Carreon, “ that’s, –, Dan Britt, REx, James Cameron, Larry Page, Britt, “ I’m, ” Gialich, NASA's, Aubrey Gemignani, ” Britt, AstroForge’s Organizations: CNN, Virgin, SpaceX, NASA, Companies, Apple, Center, University of Central, JAXA, United, United Arab Emirates ’ Space Agency, UAE Space Agency, AP NASA, Planetary Resources, Titanic, Google, NASA's Kennedy Space Center, Getty Locations: California, University of Central Florida, China, United Arab, United Arab Emirates, Utah, Los Angeles, Florida

☆ The moon is open for business, and entrepreneurs are racing to make billions
▼ + stars: | 2023-08-06 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +15 min

"Definitely the moon is going to be a big business," said Prachi Kawade, a senior analyst at NSR, a research-and-consulting company focused on the space market. At first, lunar missions could be limited to a couple of weeks or months in a lunar base camp. Another lead for moon mining is the rare-earth elements that millennia of meteorites crashing into the moon may have left behind. Fly me to the moonHowever, the most lucrative part of the moon market by far is rocket development, said Kawade, who leads NSR's lunar-market report. NASA built its own system for its upcoming Artemis moon missions, the Space Launch System (SLS) mega-rocket with its Orion spacecraft.

Persons: Artemis, Brendan Rosseau, Lockheed Martin, Prachi Kawade, that's, Rosseau, Steve Creech, Creech, Kawade, NASA We're, George W, Bush, Rousseau, landers, Per, NASA's, NASA Ames, Daniel Rutter, Elon Musk's, Artemis III, Musk, NASA isn't, Glenn, III, VIII, Bill Nelson, Svetla Ben, Itzhak, Ben Organizations: NASA, Service, Harvard Business School, SpaceX, Origin, Nokia, Lockheed, General Motors, NSR, Apollo, ESA, Payload, Astrobotic Technology, Rover, Exploration Rover, Polar Resources, Mining, Orion, Elon, Elon Musk's SpaceX, Politico, Artemis, China, Air University Locations: Wall, Silicon, China, Pittsburg, Texas, California, Colorado, Japan, Russia, Latin America, Central Asia, Pakistan

☆ Biden administration drafting executive order to simplify space rules
▼ + stars: | 2022-12-09 | by ( ) www.cnbc.com time to read: +5 min

U.S. Vice President Kamala Harris, who chairs the National Space Council, has signaled her intention to codify new rules for private space activities, but the plan for the executive order has not been reported. The executive order is considered an early step to simplify existing regulations before new rules take shape. Companies like Blue Origin, Axiom Space and others are developing private space stations with unclear procedures for how they can court foreign governments as customers or execute their missions in space. Private space stations like Orbital Reef, which Blue Origin is developing with Boeing and Sierra Space, could be deployed by 2030. White House officials have held several "listening sessions" with space companies since Nov. 14 to discuss what rules the space industry would like to see, according to people familiar with the meetings.

☆ Exclusive: Biden administration drafting executive order to simplify space rules -sources
▼ + stars: | 2022-12-09 | by ( Joey Roulette | ) www.reuters.com time to read: +5 min

U.S. Vice President Kamala Harris, who chairs the National Space Council, has signaled her intention to codify new rules for private space activities, but the plan for the executive order has not been reported. The executive order is considered an early step to simplify existing regulations before new rules take shape. Companies like Blue Origin, Axiom Space and others are developing private space stations with unclear procedures for how they can court foreign governments as customers or execute their missions in space. However, a lack of rules governing private in-space activities complicates space companies' ties with prospective customers, investors and insurers that need more legal certainty. Private space stations like Orbital Reef, which Blue Origin is developing with Boeing and Sierra Space, could be deployed by 2030.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe startups still betting space mining will bring in big bucksJust a couple of years ago, it seemed that space mining was inevitable. Analysts, tech visionaries and even renowned astrophysicist Neil deGrasse Tyson predicted that space mining was going to be big business. But fast forward to 2022, and humanity has yet to commercially mine even a single asteroid. CNBC spoke to two California startups, AstroForge and TransAstra, about how they are trying to make space mining a reality and the challenges they face.

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