AstroForge, a private company, is launching its spacecraft Odin toward a near-Earth asteroid, aiming to revitalize asteroid mining as a lucrative industry. With $55 million in funding, it follows a prior demonstration spacecraft launched successfully into Earth's orbit. Unlike earlier initiatives that failed due to a lack of funding and market interest, AstroForge believes current investor enthusiasm can support long-term space mining efforts. This launch is significant, not only for its technology but for the potential future wealth from asteroids, as envisioned by CEO Matt Gialich.
AstroForge is set to launch its second robotic spacecraft, Odin, aiming to travel toward an asteroid and initiate the potential for asteroid mining.
The company has already launched a spacecraft into Earth orbit and secured $55 million in funding, marking its commitment to space exploration.
Matt Gialich stated that if this venture succeeds, it may lead to the biggest business concept ever, focusing on mining precious metals in space.
David Gump pointed out that although earlier asteroid mining efforts like Deep Space Industries failed, AstroForge sees renewed investor interest and is optimistic.
Collection
[
|
...
]