Major fund-raising effort for Japanese lunar mining company
Capitalism in space: The Japanese company behind Japan’s Google Lunar X-Prize finalist, ispace, announced this week a major effort in the coming weeks to obtain investment capital for its proposed lunar mining projects planned for the next decade.
ispace’s website indicates the next phase beyond the prize competition involves prospecting the moon between 2018 and 2023. Missions will include “mapping valuable resources…to determine economic value of resources. Our rover swarms are deployed on the Moon to scout crater and cave locations on the lunar poles that have a high probability of resource discovery,” the company says. In the third phase from 2024 to 2030, the company plans to “work with our strategic partners to collect, store, and deliver these valuable resources to our government, institutional, scientific, and private space customers.”
Whether its team can win the X-Prize however remains unclear, since it is dependent on the same PSLV launch that the Indian X-Prize team is buying, and that team still needs to raise $35 million to pay for the launch.
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In 2020 when the world panicked over COVID I wrote that the panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Only in the past year have some of our so-called experts in the health field have begun to recognize these facts.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
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Capitalism in space: The Japanese company behind Japan’s Google Lunar X-Prize finalist, ispace, announced this week a major effort in the coming weeks to obtain investment capital for its proposed lunar mining projects planned for the next decade.
ispace’s website indicates the next phase beyond the prize competition involves prospecting the moon between 2018 and 2023. Missions will include “mapping valuable resources…to determine economic value of resources. Our rover swarms are deployed on the Moon to scout crater and cave locations on the lunar poles that have a high probability of resource discovery,” the company says. In the third phase from 2024 to 2030, the company plans to “work with our strategic partners to collect, store, and deliver these valuable resources to our government, institutional, scientific, and private space customers.”
Whether its team can win the X-Prize however remains unclear, since it is dependent on the same PSLV launch that the Indian X-Prize team is buying, and that team still needs to raise $35 million to pay for the launch.
Readers!
Please consider supporting my work here at Behind the Black. Your support allows me the freedom and ability to analyze objectively the ongoing renaissance in space, as well as the cultural changes -- for good or ill -- that are happening across America. Fourteen years ago I wrote that SLS and Orion were a bad ideas, a waste of money, would be years behind schedule, and better replaced by commercial private enterprise. Only now does it appear that Washington might finally recognize this reality.
In 2020 when the world panicked over COVID I wrote that the panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Only in the past year have some of our so-called experts in the health field have begun to recognize these facts.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.
Robert,
Curious if you have information on what protections, if any, are afforded the Apollo sites from swarms of interlopers.
Blair: For All Moonkind is trying to rally the international community, through the UN, to protect the Apollo sites. Whether they succeed is an entirely different story than the one I report.