JAXA Takes Step Toward Lunar Mining

jaxalogoJapan has taken a first step toward developing a lunar mining industry.

Japan is leaping into space resources, agreeing to work with a robotic-exploration company to create a blueprint for an industry to extract resources from the moon that would enable more extensive space exploration.

The Japan Aerospace Exploration Agency, Japan’s space agency, said Friday that it signed a memorandum of understanding with Tokyo-based ispace technologies Inc. to work on building an industry “for the mining, transport and use of resources on the moon,” according to a statement by ispace. A spokeswoman for the agency, known as JAXA, confirmed the agreement….

Ispace manages business operations for Team Hakuto, the only Japanese competitor for the $30 million Google Lunar XPrize competition. Sixteen teams are competing to land a probe on the moon, move it 500 meters, and send high-definition photos and video back to earth by the end of 2017.

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