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 »

L’ESA invite la population luxembourgeoise à participer au débat citoyen sur l’espace au service de l’Europe

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Destinée à développer la coopération entre États européens dans les domaines de la recherche et de la technologie spatiales ainsi que des applications y liées, l’Agence spatiale européenne (ESA) invite pour le samedi 10 septembre 2016 à une journée de débat citoyen sur l’espace au service de l’Europe. Organisée simultanément dans les 22 États membres… Read more »

Ariane 5 rocket launches satellite for Bank Rakyat Indonesia

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On June 20th, BRIsat was launched by Arianespace from the Guiana Space Center, Europe’s Spaceport in Kourou in French Guiana. The satellite of Indonesia’s second-largest bank by assets, Bank Rakyat Indonesia, foreshadows a new era for the digital banking industry. BRIsat is the first satellite that is owned and operated directly by a bank, as banks… Read more »

L’Agence spatiale européenne offre des stages à 14 étudiants luxembourgeois

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Afin de développer les compétences dans le secteur spatial, un accord spécifique a été conclu entre le ministère de l’Économie et l’Agence spatiale européenne (ESA) en vue de permettre aux jeunes diplômés luxembourgeois d’obtenir une première expérience professionnelle dans différents secteurs spécifiques relevant du domaine de l’aérospatial.     À travers le programme “Luxembourgish Young… Read more »

Luxembourg plans a new space law by 2017

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The Luxembourg Government forges ahead with the SpaceResources.lu initiative by presenting an overall strategy to be implemented progressively for the exploration and commercial utilization of resources from Near Earth Objects (NEOs), such as asteroids. Amongst the key actions undertaken is the establishment of an appropriate legal and regulatory framework for space resource utilization activities to… Read more »