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The competition heats up: Planetary Resources, the company that claims its goal is to mine asteroids, has raised $21 million to build and launch an Earth resources satellite.
They plan to create a 10-satellite constellation to provide this data commercially.
While everything this company is doing will eventually make asteroid mining easier and more effective, nothing they are doing now has anything to do with mining asteroids. Their first project was to build a prototype orbiting telescope to look for asteroids. This second project will sell data about the Earth.