CosmicTaco

AstroForge Raises $40 Million for Asteroid Mining Missions

CosmicTaco · 2024-08-25T19:29:44.287074+05:30

- AstroForge, an asteroid mining company, has raised $40 million in Series A funding, bringing their total to $55 million. - The company plans to launch its second spacecraft, Odin, later this year to fly by a metallic-rich asteroid. - Their first mission, Brokkr-1, faced challenges but provided valuable lessons for future missions. - AstroForge's third mission, Vestri, aims to dock with an asteroid using magnets and sample its composition. - The company is tracking several candidate asteroids for its missions, with plans to launch Vestri in 2025. Source: [Ars Technica](https://arstechnica.com/space/2024/08/against-all-odds-an-asteroid-mining-company-appears-to-be-making-headway/)

AstroForge, an asteroid mining company, has raised $40 million in Series A funding, bringing their total to $55 million.
The company plans to launch its second spacecraft, Odin, later this year to fly by a metallic-rich asteroid.
Their first mission, Brokkr-1, faced challenges but provided valuable lessons for future missions.
AstroForge's third mission, Vestri, aims to dock with an asteroid using magnets and sample its composition.
The company is tracking several candidate asteroids for its missions, with plans to launch Vestri in 2025.

Source: Ars Technica