Tag: asteroid mining

Mx Space to Partner with Asteroid Mining Firm, Deep Space Industries

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dsi_logoGUADALAJARA, Mexico. September 28, 2016 (Mx Space/DSI PR) — On September 29, at 11:00 a.m. local time, Deep Space Industries (DSI) and MxSpace will sign an historic agreement that marks the beginning of an international partnership between the companies to promote the development of new commercial space technologies and business ventures. Dr. Francisco Mendieta from Agencia Espacial Mexicana (AEM), as well as executives from both MxSpace and Deep Space Industries, will take part in the signing ceremony at the MxSpace booth (booth #24) on the trade show floor of the 67th International Astronautical Congress in Guadalajara.

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Links to Parabolic Arc’s Coverage of Small Satellite 2016 Conference

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SkyFire’s new infrared technology will help NASA enhance its knowledge of the lunar surface. (Credit: Lockheed Martin)

SkyFire’s new infrared technology will help NASA enhance its knowledge of the lunar surface. (Credit: Lockheed Martin)

The Small Satellite 2016 Conference is now over. Below are links to Parabolic Arc’s coverage of the conference and the CubeSat Workshop that preceded it last weekend. There are also links to announcements made during the conference and in recent weeks.

Small Satellite Conference Coverage

Recent Smallsat News & Announcements

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Smallsat 2016: A Closer Look at DSI’s Prospector-1 Mission

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Prospector-1 mission (Credit: DSI)

Prospector-1 mission (Credit: DSI)

Deep Space Industries’ Grant Bonin provided more details this week about the company’s Prospector-1 asteroid mission at the Small Satellite Conference in Utah.  Below is a summary based on the tweets of Jeff Foust ‏(@jeff_foust) and David Hurst ‏(@OrbitalDave).

Enjoy!

Grant Bonin
Deep Space Industries

  • Prospector-1 will be the first commercial spacecraft sent to an asteroid
  • Prospector-1 is a 50-kg spacecraft whose main objective is to look for extractable water
  • Water will be key to the cis-lunar economy
  • Company examining 6 “very attractive” asteroids to explore
  • There’s a lot we still don’t know about asteroids – two asteroids that appear similar can be very different
  • Prospector-1 will attempt to soft land on asteroid at the end of its surveying mission to study regolith
  • Landing will also validate policy regime for commercial asteroid resources
  • Prospector-1 has midwave and visible infrared imaging for imaging asteroid and neutron spectrometer to study subsurface hydrogen
  • Spacecraft will launch as a secondary payload, use its own chemical rocket stage to leave Earth orbit for the asteroid
  • DSI will use super heated water for spacecraft propulsion

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Deep Space Industries Announces Prospector-1 Mission

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Prospector-1 mission (Credit: DSI)

Prospector-1 mission (Credit: DSI)

MOFFETT FIELD, Calif. (DSI PR) — Deep Space Industries announced today its plans to fly the world’s first commercial interplanetary mining mission. Prospector-1™ will fly to and rendezvous with a near-Earth asteroid, and investigate the object to determine its value as a source of space resources. This mission is an important step in the company’s plans to harvest and supply in-space resources to support the growing space economy.

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Entrepreneurial Lingo Lesson: The Pivot

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twist_chubby1_disrupt copy
First in an irregular series on entrepreneurial buzz words

Come on let’s pivot again,
Like we did last quarter!
Yeaaah, let’s pivot again,
Like we did last year!

Do you remember when,
ROI was really hummin’,
Yeaaaah, let’s pivot again,
Pivotin’ time is here!

Heeee, and round and round til IPO we go!
Oh, baby, make those investors love us so!

Let’s pivot again,
Like we did last quarter!
Yeaaah, let’s pivot again,
Like we did last year!

There comes a time in the existence of many startups when there an urgent need to change direction. You set up the company to pursue a goal, but for one reason or several — a lack of a market, shortage of investment, regulatory hurdles, a flawed concept — you have to direct all that talent, technology and enthusiasm toward a new objective that will keep the company in operation.

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The Long, Sad History of Excalibur Almaz

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Excalibur Almaz's space tourism vehicle concept. (Credit: Excalibur Almaz)

Excalibur Almaz’s space tourism vehicle concept. (Credit: Excalibur Almaz)

Houston Press has a long, sad look at one of the more curious NewSpace projects, Excalibur Almaz, and the man behind it, Art Dula.

Excalbur Almaz is a company based in the Isle of Man whose goal is to refurbish a couple of Soviet-era Almaz space stations and four crew return capsule for some type of space mission. The company has gone through numerous iterations, from space tourism to commercial space station to NASA commercial crew to deep space mining facility.

So far they haven’t raised enough money for any of these ideas, although the company has generated a couple of investor lawsuits alleging fraud, one dismissed and the other still pending.

There are a couple very troubling allegations that are chronicled in the story. One is that the sales agreement between Excalbur Almaz and the Russian seller stipulated that the technology was not to be modified for space flight. This is alleged in a lawsuit filed by Japanese investor Takafumi Horie.

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Planetary Resources Signs MOU With Luxembourg Government, Bank

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Arkyd-3 satellite (Credit: Planetary Resources)

Arkyd-3 satellite (Credit: Planetary Resources)

REDMOND, Wash., USA,  June 13, 2016 (Planetary Resources PR) – Planetary Resources, Inc., the asteroid mining company, announced today that it has signed a Memorandum of Understanding with the Government of the Grand Duchy of Luxembourg and the banking institution Société Nationale de Crédit et d’Investissement (SNCI).

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Luxembourg Commits $227 Million to Space Mining Initiative

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Asteroid Eros

Asteroid Eros

Luxembourg will make an initial investment of 200 million euros ($227 million) to become the “Silicon Valley of space resources” under an initiative that will primarily benefit two American asteroid mining companies.

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SpaceResources.lu: New Law to Provide Framework for Space Resource Utilization

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Asteroid Eros

Asteroid Eros

LUXEMBOURG CITY (Luxembourg Government PR) — 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 provide private companies and investors with a secure legal environment.

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Planetary Resources Announces $21.1 Million Funding Round For Sat Constellation

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Ceres constellation (Credit: Planetary Resources)

Ceres constellation (Credit: Planetary Resources)

REDMOND, Wash.,  May 26, 2016 (Planetary Resources PR) – Planetary Resources, Inc., the asteroid mining company, announced today that it has secured US$21.1 million in Series A funding. The capital will be used to deploy and operate Ceres, an advanced Earth observation business that features the first commercial infrared and hyperspectral sensor platform to better understand and manage humanity’s natural resources.

The funding was led by Bryan Johnson and the OS FUND; and joined by Idea Bulb Ventures; Tencent; Vast Ventures; Grishin Robotics; Conversion Capital; The Seraph Group; Space Angels Network, a syndication of investors from Angel.co; and Larry Page. Earth observation will be another aspect of Planetary Resources’ operations in addition to prospecting and mining asteroids.

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Planetary Resources Shelves Arkyd Space Selfies Due to Lack of Funding

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Arkyd-3 satellite (Credit: Planetary Resources)

Arkyd-3 satellite (Credit: Planetary Resources)

Asteroid mining company Planetary Resources sent out the following cancellation and refund message today has been sent to supporters of its ARKYD Kickstarter. The campaign raised money so people could send pictures of themselves into space that would be displayed with Earth in the background.

According to the message, Planetary Resources was only going to launch the satellite if it got other people to give them even more money to fly the mission. That funding was which was not forthcoming from the multiple billionaires that back Planetary Resources (Larry Page, Eric Schmidt and Richard Branson among them) or anyone else the company targeted for funding.

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Pete Worden Joins Advisory Board of Luxembourg’s Space Resources Initiative

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Luxembourg Deputy Prime Minister and Minister of the Economy, Étienne Schneider with Pete Worden. (Credit: Luxembourg Government)

Luxembourg Deputy Prime Minister and Minister of the Economy, Étienne Schneider with Pete Worden. (Credit: Luxembourg Government)

LUXEMBOURG CITY (Luxembourg Ministry of the Economy PR) — The Luxembourg Government today announced that Simon “Pete” Worden (Brig. Gen., USAF, Ret., PhD), Chairman of the Breakthrough Prize Foundation, joins the government’s Advisory Board of the recently announced spaceresources.lu initiative. The initiative defines a framework for the exploration and commercial utilization of resources from Near Earth Objects (NEOs), such as asteroids.

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Deep Space Industries, Luxembourg Government Announce Prospector-X Mission

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Deep_Space_Prospector_X
MOFFETT FIELD, Calif. (DSI PR) — Asteroid mining company Deep Space Industries, together with the Luxembourg Government and the Société Nationale de Crédit et d’Investissement (SNCI), the national banking institution in Luxembourg, have signed an agreement formalizing their partnership to explore, use, and commercialize space resources as part of Luxembourg’s spaceresources.lu initiative.

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Space Renaissance Act Calls for Major Changes in Commercial Policies

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Earth_from_space_graphic

By Douglas Messier
Managing Editor

Rep. Jim Bridenstine’s (R-OK) proposed American Space Renaissance Act (ASRA) would bring about significant changes in the nation’s commercial space policy, with a much larger role for the Department of Transportation and a revamping of activities within the Commerce Department.

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OSTP Recommends Giving Mission Approval Authority for FAA

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georgenieldphoto1

George Nield

The White House’s Office of Science and Technology Policy (OSTP) has recommended to Congress that the Secretary of Transportation be given the power to provide mission authorizations for such non-traditional space activities as asteroid mining and private space stations, a FAA official revealed last week.

George Nield, FAA associate administrator for Commercial Space Transportation, said an authorization would stipulate that a mission is in compliance with U.S. space policy, foreign and national security considerations, and international treaty obligations.

Nield made his remarks last week during a meeting of FAA AST’s Commercial Space Transportation Advisory Committee (COMSTAC).

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