ispace to Announce Major Series A Investment Round

TOKYO — ispace, a Japanese start-up responsible for Team HAKUTO’s entry in the Google Lunar X Prize, is planning to announce “the largest fund raised in Series A in the global space industry” next week to support its efforts to mine the moon.

“It involves a round of significant financing and details around the next missions of ispace, planned after the currently run HAKUTO project,” according to an invitation sent to journalists.

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Luxembourg, Japan Sign Space Cooperation Agreement

LUXEMBOURG, November 29, 2017 (Luxembourg PR) – The Government of the Grand Duchy of Luxembourg, represented by the Deputy Prime Minister, Minister of the Economy, Étienne Schneider, and the Cabinet Office of Japan, represented by Masaji Matsuyama, Minister of State for Space Policy, signed today in Tokyo a memorandum of cooperation on exploration and commercial utilization of space resources.

Within its SpaceResources.lu initiative, Luxembourg offers commercial companies an attractive overall environment for space resource exploration and utilization related activities, including but not limited to a legal regime. The Grand Duchy is the first European country to offer a legal and regulatory framework addressing the capability of ownership of space resources and laying down the regulations for the authorization and the supervision of such missions in space.

The five-year cooperation agreement between Luxembourg and Japan covers the exchange of information and expertise on the exploration and commercial utilization of space resources and intends to further enhance cooperation in the field of space activities. The exchange of information may cover all the issues of the exploration and commercial utilization of space resources, including legal, regulatory, technological, economic, and other aspects.

Luxembourg’s Deputy Prime Minister and Minister of the Economy Etienne Schneider declared:

After the agreements signed with Portugal and the United Arab Emirates, this is another important step forward in enhancing international cooperation. Our common approach and goals will surely open new collaboration opportunities. The agreement is a solid recognition of our SpaceResources.lu initiative, especially as Japan and more precisely JAXA have a strong experience in space missions and have been initiators of the renowned Hayabusa missions to collect samples from an asteroid and return them to Earth.

UAE, Luxembourg Sign MOU on Space Exploration Cooperation

LUXEMBOURG, October 10, 2017 (Luxembourg PR) — Considering their common interest in the exploration, use and application of space for peaceful purposes, Luxembourg and the United Arab Emirates (UAE) jointly agreed on the opportunity to cooperate on space activities. The Government of the Grand Duchy of Luxembourg, represented by the Deputy Prime Minister, Minister of the Economy, Étienne Schneider, and the UAE, represented by the Minister of State for Higher Education and Chairman of the UAE Space Agency, Dr. Ahmad Belhoul Al Falasi, signed today in Abu Dhabi a memorandum of understanding (MoU) to start bilateral cooperation on space activities with particular focus on the exploration and utilization of space resources.

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Luxembourg Signs MOU With Magna Parva Subsidiary

LUXEMBOURG, July 24, 2017 (Luxembourg Government PR) – The Luxembourg Government and Luxembourg-based Kleos Space S.à r.l. signed a Memorandum of Understanding (MoU) providing the framework for their cooperation within the SpaceResources.lu initiative with focus on space technology development. The newly created Kleos Space company is 100% owned by UK-based Magna Parva Limited.

Kleos Space is active in geolocation services and develops a space infrastructure for geo-intelligence and signal intelligence applications with in-space manufacturing. Within the framework of this MoU, the developments and research to take place in Luxembourg are related to the project for in-space manufacturing of composite beams equipped with antennas. Kleos Space will collaborate with EmTroniX, a Luxembourg-based company specialized in electronics development, as well as with the Luxembourg Institute of Science and Technology (LIST) on this subject. The Government will support the development of the in-space manufacturing technology by providing funding through the Luxembourg space program (LuxIMPULSE).

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Luxembourg, ESA Enhance Cooperation on Asteroid Missions

PARIS (Luxembourg Government PR) — At the occasion of the 2017 Paris Air Show in Le Bourget, Luxembourg’s Deputy Prime Minister and Minister of the Economy Etienne Schneider visited the ESA pavilion and, together with ESA Director General, Jan Wörner, signed a joint statement on future activities concerning missions to the asteroids, related technologies and space resources exploration and utilisation.

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Luxembourg to Launch a Fund Offering Financial Support for Space Resources Industry

LUXEMBOURG (Luxembourg Government PR – To promote Luxembourg as a European hub for the exploration and commercial use of space resources, the Ministry of the Economy conducted from April 9th to April 13th an economic mission headed by Luxembourg’s Crown Prince to the U.S. West Coast. The mission aimed to identify and develop new business opportunities and to promote the governmental SpaceResources.lu initiative that offers an attractive overall framework for space resource utilization related activities, including but not limited to the legal regime to provide private companies and investors with a secure legal environment as of the ownership of resources gathered in space.

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Luxembourg to Unveil Space Resources Regulatory Framework on Friday

luxembourg_flag-svgLUXEMBOURG (Luxembourg Government PR) — The Government of the Grand Duchy of Luxembourg is pleased to announce an international press conference within the SpaceResources.lu initiative to present a legal and regulatory framework for space resource utilization activities.

The SpaceResources.lu initiative defines a general framework for the exploration and commercial utilization of resources from Near Earth Objects (NEOs), such as asteroids.  Amongst the key actions undertaken is the establishment of an appropriate legal and regulatory framework for space resource utilization activities to guarantee operators the right to harvest resources in outer space in accordance with international law.

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Planetary Resources Finalizes 25 Million Euro Investment

planetary_resourcesREDMOND, Washington, November 3, 2016 (Planetary Resources PR) – Planetary Resources, Inc., the asteroid mining company, announced today that it has finalized a 25 million euro [$27.75 million] agreement that includes direct capital investment of 12 million euros and grants of 13 million euros from the Government of the Grand Duchy of Luxembourg and the banking institution Société Nationale de Crédit et d’Investissement (SNCI).

The funding will accelerate the company’s technical advancements with the aim of launching the first commercial asteroid prospecting mission by 2020. This milestone fulfilled the intent of the Memorandum of Understanding with the Grand Duchy and its SpaceResources.lu initiative that was agreed upon this past June.

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