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The Luxembourg Government, the public-law banking institution "Société nationale de crédit et d'investissement" (SNCI) and U.S.-based aerospace technology company Planetary Resources have signed a Memorandum of Understanding (MoU) providing the framework for their cooperation within Luxembourg's SpaceResources.lu initiative which aims at the exploration and commercial utilization of resources from Near Earth Objects (NEOs), such as asteroids.
Within this partnership, the Government is considering a direct capital investment in the European headquarters established recently by Planetary Resources in the Grand Duchy. This public equity position will be taken by the SNCI to become a minority shareholder. For its part, Planetary Resources is contributing to the promotion...
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