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A Startup Will Try to Mine Helium-3 on the Moon
The Earth is in short supply of helium-3. The lunar surface may hold the answer.
Two of Blue Origin's earliest employees, former president Rob Meyerson and chief architect Gary Lai, have started a company that seeks to extract helium-3 from the lunar surface, return it to Earth, and sell it for applications here. The company has been operating in stealth since its founding in 2022, but it emerged on Wednesday by announcing it has raised $15 million, adding to previous rounds of angel investments. However, with NASA investing tens of billions of dollars in the Artemis Program to return humans to the moon, Meyerson is convinced that now is the time to piggyback on those transportation, power, and other resources to start a lunar mining company.
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