Tag: Deep Space Industries

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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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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Deep Space Industries, SFL to Provide Satellites for HawkEye 360’s Pathfinder Mission

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dsi_logoMOFFETT FIELD, Calif. (DSI PR) — Deep Space Industries, Inc. has been selected by HawkEye 360 as the satellite provider for its Pathfinder small satellite mini-constellation. This is the first step towards the launch of the full commercial constellation of HawkEye 360’s space-based radio frequency mapping and analytics system.

Deep Space Industries (DSI) is the prime contractor for the development and manufacturing of the satellites that will host HawkEye 360’s proprietary data processing technology. The system will use space-based detection of radio signals to locate and characterize wireless spectrum information from Earth.

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NASA Selects ISRU Projects for SBIR Awards

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NASA LOGONASA has selected eight research projects focused on in-situ resource utilization for funding under its Small Business Innovation Research Phase I program.

The selected projects include:

  • Extraterrestrial Metals Processing — Pioneer Astronautics
  • Robotic ISRU Construction of Planetary Landing and Launch Pad — Honeybee Robotics
  • Extruded Clay-Based Regoliths for Construction on Mars, Phobos and NEAs — Deep Space Industries
  • In-Situ Generation of Polymer Concrete Construction Materials — Luna Innovations
  • ISP3: In-Situ Printing Plastic Production System for Space Additive Manufacturing — Altius Space Machines
  • Compact In-Situ Polyethylene Production from Carbon Dioxide — Opus 12
  • Micro-Channel Reactor for Processing Carbon Dioxide to Ethylene — Reactive Innovations
  • OpenSWIFT-SDR for STRS Polyethylene Production from In-Situ Resources in Microchannel Reactors — TDA Research

Full descriptions of the projects are below.

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Deep Space Industries, Luxembourg Government Announce Prospector-X Mission

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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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Deep Space Industries Selected for NASA SBIR Phase II Award

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dsi_logoNASA has selected asteroid mining company Deep Space Industries for a Small Business Innovation Research (SBIR) Phase II award to continue work on developing and testing of asteroid soil simulants.

The project is aimed at producing “at least four asteroid simulants at high fidelity for mineral content and particle size, created through standardized inputs and documented processes” for use by terrestrial researchers in a variety of programs.

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Luxembourg’s Bold Move into Space Mining

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ESA's Asteroid Impact Mission is joined by two triple-unit CubeSats to observe the impact of the NASA-led Demonstration of Autonomous Rendezvous Technology (DART) probe with the secondary Didymos asteroid, planned for late 2022. (Credit: ESA - ScienceOffice.org)

ESA’s Asteroid Impact Mission is joined by two triple-unit CubeSats to observe the impact of the NASA-led Demonstration of Autonomous Rendezvous Technology (DART) probe with the secondary Didymos asteroid, planned for late 2022. (Credit: ESA – ScienceOffice.org)

By Douglas Messier
Managing Editor

Luxembourg’s announcement of its space resources initiative provides three things that companies like Planetary Resources and Deep Space Industries (DSI) need to make their dreams of mining asteroids a reality.

Legal Recognition. The United States is alone in the world in recognizing space property rights. There is some dispute over whether the law violates the 1967 Outer Space Treaty.
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Deep Space Industries Praises Luxembourg Space Resources Mining Initiative

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dsi_logoMOFFETT FIELD, Calif. (DSI PR) — Deep Space Industries (DSI) congratulates Luxembourg’s Economic Ministry on their announcement today that they will be actively pursuing space resource utilization. Spaceresources.lu is a government-sponsored initiative, planning the exploration, use, and commercialization of valuable minerals and other resources from Near Earth Objects (NEOs), like asteroids. Luxembourg’s Spaceresources.lu initiative – to be conducted in cooperation with commercial partners – is destined to facilitate and support the creation of an entire new space industry.

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Luxembourg Launches Space Resources Mining Initiative

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Schematic view of asteroid (25143) Itokawa. (Credit: ESO)

Schematic view of asteroid (25143) Itokawa. (Credit: ESO)

LUXEMBOURG CITY (Luxembourg Government PR) — The Luxembourg Government announced a series of measures to position Luxembourg as a European hub in the exploration and use of space resources. Amongst the key steps undertaken, as part of the spaceresources.lu initiative, will be the development of a legal and regulatory framework confirming certainty about the future ownership of minerals extracted in space from Near Earth Objects (NEO’s) such as asteroids.

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Luxembourg Set to Become Asteroid Mining Power

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These photos show the relative size of three asteroids that have been imaged at close range by spacecraft. Mathilde (37 x 29 miles) (left) was taken by the NEAR spacecraft on June 27, 1997. Images of the asteroids Gaspra (middle) and Ida (right) were taken by the Galileo spacecraft in 1991 and 1993, respectively. Image Credit: NASA/JPL/NEAR and Galileo missions

Three asteroids (Credit: NASA/JPL/NEAR and Galileo missions)

Well, this is interesting:

The country is home to one of the world’s biggest satellite firms, SES, and is now planning to create a space mining industry that could both advance science and make investors wealthy, according to a report in the Financial Times.

The Grand Duchy is partnering with the dramatically-named commercial space mining firms, Deep Space Industries and Planetary Resources of the US.

Luxembourg‘s Economy Minister Etienne Schneider is set to provide details on Wednesday about the joint venture, which seeks to mine gold, platinum and other minerals. Former ESA Director General Jean-Jacques Dordain is an adviser to the effort.

DSI’s Tumlinson Awarded World Technology Award

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Rick Tumlison, accepting his World Technology Award on Nov 20, 2015. Pictured with World Technology Network founder James Craig. (Credit: DSI)

Rick Tumlison, accepting his World Technology Award on Nov 20, 2015. Pictured with World Technology Network founder James Craig. (Credit: DSI)

MOFFETT FIELD, Calif. (DSI PR) — On Friday, November 20, 2015, Rick Tumlinson was awarded the World Technology Award by the World Technology Network  (“The WTN”) – a global community comprised of the most innovative people and organizations at the forefront of science and technology and related fields.   Mr. Tumlinson was awarded this prestigious honor for his work at Deep Space Industries in the development of an industrial economy in space.

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Deep Space Industries Applauds Vote on Asteroid Mining

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dsi_logoMOFFETT FIELD, Calif. (DSI PR) — Deep Space Industries (DSI) congratulates the members of the United States Senate for passing legislation that significantly advances the cause of opening space resources to humanity. Title IV of S.1297, also referred to as the U.S. Commercial Space Launch Competitive Act of 2015, promotes the right of U.S. citizens to engage in commercial exploration for, and commercial recovery of, space resources in accordance with international obligations and subject to supervision by the U.S. government.

“We are pleased to see the beginnings of legal clarity in the field of space resource utilization,” said Rick Tumlinson, Chair of Deep Space Industries. “This bill is a historic step forward and demonstrates that Congress can effectively and quickly pass legislation that is important to the country’s economic future. The hard-working legislators and their staff on Capitol Hill are to be commended.”

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Metatron Global to Join Deep Space Industries on Asteroid Mining Quest

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Asteroid Mining Company Deep Space Industries Announces Investment by the International Investment Fund Metatron Global, A.S.

MOFFETT FIELD, Calif. (DSI PR) — The asteroid mining firm Deep Space Industries (DSI) announced today that Metatron Global, A.S., an international investment firm with offices in the Czech Republic, has agreed to make a substantial investment in the company. The investment will enable DSI to accelerate its plans to prospect for resources at an asteroid in the near future, hire more top level leadership and develop high value products based on its groundbreaking technologies.

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Deep Space Industries Appoints Chief Engineer

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Grant Bonin

Grant Bonin

MOFFETT FIELD, Calif. (DSI PR) — Deep Space Industries (DSI) announced today that renowned spacecraft designer and engineer Grant Bonin will be joining the company in the role of Chief Engineer. Mr. Bonin has 11 successful spacecraft in Earth orbit and will now drive the company’s ramp up to its first asteroid missions.

“It’s go time!” exclaimed Rick Tumlinson, Chair of Deep Space Industries. “We have the vision, the goal and core plan. With Grant, we now have the full leadership team to execute and succeed. This is the first in a series of exciting announcements you’ll see from DSI in the coming year. On our current growth path and timetable DSI’s spacecraft will be flying out to an asteroid before 2020.”

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