Luxembourg Announces Deal with US-based Company for Asteroid Mining

The European nation of Luxembourg, aiming to grow into a global centre for asteroid mining, has entered into an agreement with the California-based Deep Space Industries to develop Prospector-X. This is a small experimental spacecraft to be developed in Luxembourg to test the technologies for future prospects of mining for asteroids after 2020. The Luxembourg government is also negotiating to enter into a deal with another US group called Planetary Resources. This company is a forerunner in space mining with shareholders who are big entrepreneurs.

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