Mining Business Plan

Mining Business Plan-66
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Last fall, the upstart company snagged a seed investment from the firm Metatron Global, money that will help it make general hires and drive product development.

But that’s not the only kind of investment the company is looking for.

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For those latter two contracts, Deep Space Industries hooked up with a company called Near Earth LLC, whose founder, Hoyt Davidson, declined to comment for the story, citing a non-disclosure agreement.

“They’re an advisory consulting service, and they do a lot of work in helping provide funding opportunities for space companies, acting as an investment bank,” says Crawford.

After digging out materials like water and precious metals, entrepreneurs can sell those commodities in space—to the maybe-burgeoning exploration industry—and back on Earth.

But Earthlings are still a long way from mining asteroids.

But just as there’s no guarantee Musk will make it to Mars, there’s no guarantee Deep Space Industries will mine any asteroids.

At least its timeline is fast enough—with prospecting planned to begin by 2020—that we can all hold our breath.

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