Asteroid Gold-Rush begins - Luxembourg in bid to become 'Silicon valley of space mining'

Express.co.uk | 8/24/2019 | Staff
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Etienne Schneider, Deputy Prime Minister and Minister of the Economy of the Grand Duchy of Luxembourg released a statement in January 2019, he said: "The Grand Duchy is firmly committed to supporting the competitiveness of the commercial space industry in Europe.”

Space mining has been the realm of science fiction, but a handful of firms and governments are pursuing the idea of making it a reality. The small Duchy of Luxembourg became the first country to adopt legal regulations relating to mining in space, including from asteroids.

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Famous American astrophysicist Neil deGrasse Tyson has said that the world’s first trillionaire “will be the person who exploits the mineral content of metallic asteroids”.

Etienne Schneider, Luxembourg’s Deputy Prime Minister and Minister of...
(Excerpt) Read more at: Express.co.uk
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