Update: Luxembourg Get Serious About Space Mining

I posted a couple weeks ago about Luxembourg’s developing legal framework for private space exploration (specifically, mining space resources); the law went into effect today, August 1 (with at least one news outlet reporting it is more liberal than the 2015 SPACE Act provisions as it eases domestic registration requirements). Reuters has a report out that the country is coming out swinging, courting companies and looking to make deals even if the technology is a few years away. Two notes from this article: (1) it notes one measure of the cost of launching 1 kg of weight from Earth into orbit (and argues these costs can be brought down by recycling rocket and satellite components), and (2) offers this fun quote at the end from the Economic Minister: “In 10 years, I’m quite sure that the official language in space will be Luxembourgish.”

 

 

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