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In the race for space metals, companies hope to cash in
Mining asteroids could reduce the burden on Earth’s resources. Will it live up to its promise?
While the mission, courtesy of a company called AstroForge, ran into problems, it’s part of a new wave of would-be asteroid miners hoping to cash in on cosmic resources. Another company, called TransAstra, is selling a telescope and software designed to detect objects like asteroids moving through the sky; Chinese corporation Origin Space has an asteroid-observing satellite in orbit around Earth, and is testing out its mining-relevant technology there. Advertisement To achieve the ultimate goal of pulling metals from space rocks, TransAstra, Karman+, and AstroForge have received a combined tens of millions of dollars in venture-capital funding to date.
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