Admittedly, Luxembourg's law trails a U.S. effort at space mining regulation -- our 2015 "Space Act" -- by two years. But while both laws address space mining, Luxembourg's law is much more detailed.

Luxembourg is stepping up efforts to achieve its goal of becoming Europe’s hub for space mining by announcing plans to create a European Space Resources Innovation Centre (ESRIC), in charge of ...

Why is Luxembourg racing to become a leader in space mining?On a map, Luxembourg is a European freckle. The country is little more than 2,500 square km in area — about the size of Rhode Island.

To help asteroid mining become a practical possibility ... or if treaties are arranged that cover extraction of minerals from space. Luxembourg hopes to address this issue, too, with a formal ...

Luxembourg has announced that it is going to be drawing up new laws to aid in defining how space mining may be efficiently and economically governed. This is useful, as under the current law ...

In the 1980s, during the nascent days of the satellite communications industry, Luxembourg foresaw the fat cat it could become. The tiny European nation, known for steel manufacturing and tax ...

PARIS—The Luxembourg government on June 3 reaffirmed and strengthened its backing for a homegrown space-mining industry, saying it would invest more than $200 million in research, technology ...

In fact, Luxembourg revealed that it is in negotiations to fund two U.S. space firms. It is working with Deep Space Industries, which is developing asteroid mining technology through its ...

Luxembourg, one of the first countries to set its eyes on the possibility of mining asteroids, is officially launching its Space Agency (LSA) next week, which main goal will be boosting ...

which prohibits space ownership, yet the mining of celestial bodies is legal — for now, anyway. The Luxembourg law creates a governing body to supervise the harvesting of these asteroids and ...

Luxembourg’s annual Space Resources Week 2025 ends on Wednesday, where the topic of possible future asteroid mining is always ...

There wasn’t a legal framework that explicitly stated that space mining was allowed. Today, Japan, the United Arab Emirates, Luxembourg, and the United States all have legislation enshrining ...