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Aug 22, 2019

Planetoid Mines — A New Asteroid Mining Company

Posted by in categories: military, space travel

Is a privately-owned startup based out of New Mexico, USA. Their team leans on expertise gained at NASA, the US Department of Energy, Sandia and Los Alamos National Labs, and the US Air Force. Planetoid Mines’ primary focus is developing the core components that enable asteroid mining. Many of their instruments and tools will be compatible with mining applications on the lunar surface and on Earth.

A lot of activity has been brewing with regards to new space exploration initiatives. Launch costs are plummeting due to market competition and the development of reusable rockets. Additionally, there has been a measurable uptick in growth and investment in commercial space ventures. Every major national space agency has ambitions for operations in lunar orbit and on the lunar surface within the next 5 to 20 years.

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