Dr. Joseph P. Farrell
February 9, 2016
This one fascinated me because it contains so much fertile ground for some really high octane speculation about a possible pattern that might be revealing itself(and I want to thank Mr. M.H. and many others for bringing this significant story to my attention)
For me, the hints of a possible “future pattern” for space commercialization are to be found in the first five paragraphs:
The Luxembourg government on Feb. 3 announced it would seek to jump-start an industrial sector to mine asteroid resources in space by creating regulatory and financial incentives.
The incentives include co-investment in research and development and, eventually, direct capital investment in space resource-mining companies setting up shop in Luxembourg.
Announced by Vice Prime Minister Etienne Schneider, who is also the nation’s economics minister, the initiative has already lured U.S.-based Deep Space Industries of Mountain View, California, to create a Luxembourg subsidiary. Schneider said other U.S. companies, including SpaceX of Hawthorne, California, and Planetary Resources of Redmond, Washington, are in talks with Luxembourg authorities regarding the Spaceresources.lu venture.
Luxembourg is home to satellite fleet operator SES, whose ascension from outsider-startup status in the 1980s to today’s place as one of the two largest commercial fleet operators by revenue Schneider cited an example of what is possible when Luxembourg sets its mind to something.