Tag Archives: Deep Space Inc

Luxembourg signs deal with asteroid mining company

The competition heats up: As part of its outer space development program, the government of Luxembourg has signed a deal with asteroid mining company Deep Space, Inc. to build an orbital demonstration test satellite.

The inaugural project of this exciting new partnership is Prospector-X™, an experimental, low Earth orbit technology demonstration mission, designed to test the company’s innovative deep space technology. These key enabling technologies will be instrumental to the success of the company’s first deep space resource exploration missions in the near future. The Prospector-X spacecraft will be built at Deep Space Industries’ new European headquarters, in Luxembourg, in conjunction with the company’s international and American partners, including the Interdisciplinary Centre for Security, Reliability, and Trust (SnT) at the University of Luxembourg.

It essentially appears that Luxembourg is creating its own space program, focused entirely on profit by acting as the venture capitalist for private commercial companies. Most interesting.