NASA pulls funding from private asteroid hunter

Because of a failure to meet its developmental deadlines, NASA has cut its ties with the privately funded Sentinel satellite, designed to spot 90% of all near Earth asteroids that might pose a threat to the Earth.

The problem for the B612 Foundation, the private company committed to building Sentinel, is that they haven’t clearly laid out a way any investors could make money from the satellite. Thus, they have so far raised only $1.6 million from private sources. They need almost half a billion to build it, according to their own budget numbers.