Against all odds, an asteroid mining company appears to be making headway

In an interview, co-founder Matt Gialich candidly acknowledged the challenges of fundraising, stating, "It's not easy to ever raise for an asteroid mining company, right? Let's be honest." He highlighted how crucial it was for them to demonstrate their capability to build a spacecraft, saying, "A big part of this funding round was just showing people that we can actually build a spacecraft." This underscores the skepticism surrounding the asteroid mining industry.

Despite facing setbacks, including difficulties with their first mission's command system, Gialich expressed optimism about learning from the experience. He emphasized, "AstroForge learned a lot from this mission and is working toward launching a second spacecraft named Odin." This statement reflects their determination to improve and advance in the ambitious field of asteroid mining.

Read at Ars Technica