Deep Space Industries To Probe Near-Earth Asteroid

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After years of hype about harnessing space rocks as building blocks of a next-generation space economy, at least one newspace company — Deep Space Industries (DSI) — is making good on its promise to send a probe out to an as-yet-unselected near-Earth asteroid (NEA) for a closer look. The hope is that when they do… Read more »

Ariane 5, in 75th straight success, conducts its first launch of Europe’s Galileo satellites

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A European Ariane 5 rocket, operating in a rarely used configuration and debuting a new satellite-dispenser system, on Nov. 17 successfully placed four European Galileo positioning, navigation and timing satellites into medium-Earth orbit. It was the 75th consecutive success for Ariane 5, breaking the tie with its predecessor, the Ariane 4. – See more at:… Read more »

New Law Lets Companies Own Parts of Asteroids

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Luxembourg is a country that has been pursuing an aggressive policy in space mining, doing everything to attract businesses willing to work on mining asteroids. Now, it has passed a new milestone, adopting a draft law regarding ownership of mined space resources. The draft law, which will be in effect in early 2017, gives private companies ownership of… Read more »

Luxembourg’s New Space Mining Law Is Basically “Finders, Keepers”

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The government of Luxembourg has passed a new law guaranteeing private space companies the rights to whatever they happen to find while digging around up there. Exploring an asteroid and come across some cool new minerals? You own those. Congrats! Deputy Prime Minister Etienne Schneider carefully explained that this “finders, keepers” policy doesn’t actually apply to… Read more »

Press conference on the new Luxembourg space law to provide legal framework for space resource utilization activities

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The Government of the Grand Duchy of Luxembourg is pleased to announce an international press conference within the SpaceResources.lu initiative to present a legal and regulatory framework for space resource utilization activities. The SpaceResources.lu initiative defines a general framework for the exploration and commercial utilization of resources from Near Earth Objects (NEOs), such as asteroids.  Amongst the… Read more »

Planetary Resources And The Government Of Luxembourg Announce €25 Million Investment And Cooperation Agreement

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Planetary Resources, Inc., the asteroid mining company, announced today that it has finalized a 25 million euro agreement that includes direct capital investment of 12 million euros and grants of 13 million euros from the Government of the Grand Duchy of Luxembourg and the banking institution Société Nationale de Crédit et d’Investissement (SNCI). The funding… Read more »

Étienne Schneider appointed to World Economic Forum’s Global Future Council on Space Technologies

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According to Luxembourg’s proven expertise in the commercial satellite services industry and to the SpaceResources.lu initiative nurturing the development of new space technologies, Professor Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, appointed Étienne Schneider as a member of the World Economic Forum’s Global Future Council on Space Technologies.Following his appointment, Deputy Prime Minister, Minister of… Read more »

EU’s new space policy to invest in startups, boost private investment

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The European Union’s executive commission on Oct. 26 unveiled a new space strategy that promises public investment to stimulate the creation of space start-up companies. The Brussels, Belgium-based commission, which acts on behalf of the 28 European Union members — still including Britain for a couple of years — is already the biggest single customer… Read more »

SpaceX Falcon rocket nails safe landing in pivotal space feat

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A SpaceX Falcon 9 rocket blasted off from Florida on Monday with a payload of communications satellites before the reusable main-stage booster turned around, soared back to Cape Canaveral and landed safely near its launch pad in a dramatic spaceflight first. The successful mission, capped by delivery of all 11 satellites to orbit for launch… Read more »