For the first time a country has invested heavily in space mining | #Space #Luxembourg #Europe  | Luxembourg (Europe) | Scoop.it
From arstechnica.com - June 3, 2016 4:36 PM
Luxembourg, a small European country about the size of Rhode Island, wants to be the Silicon Valley of the space mining industry. The landlocked Grand Duchy announced Friday it was opening a €200 million ($225 million) line of credit for entrepreneurial space companies to set up their European headquarters within its borders.

Luxembourg has already reached agreements with two US-based companies, Planetary Resources and Deep Space Industries, to open offices in Luxembourg and conduct major research and development activities. "We intend to become the European center for asteroid mining," said Étienne Schneider, deputy prime minister and minister of the economy, during a news conference Friday.

 

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