TLDR:
- Investors are predicted to start investing in space mining due to solid US regulations.
- The Commercial Space Launch Competitiveness Act of 2015 allows American companies to extract resources from asteroids and sell them.
Article Summary:
Mining in orbit is becoming a reality, with business prospects protected by US policy. Venture capitalist Katelin Holloway predicts that more investors will be attracted to space tech now that regulations are in place. The Commercial Space Launch Competitiveness Act of 2015 allows American companies to extract resources from asteroids and sell them, creating opportunities for companies like AstroForge, which plans to mine platinum from an asteroid. The law also covers Moon mining, with companies like Interlune aiming to harvest He-3 from the lunar surface. Although the legal situation surrounding space mining gets murky outside the US, with nearly 40 nations agreeing to the US position on space mining, international regulations may only come after a company successfully harvests and sells material collected in orbit. Overall, the space mining sector is poised for growth as regulations become more defined and investors gain confidence in the industry.
