"It's not easy to ever raise for an asteroid mining company, right?"
On Tuesday the co-founders announced that they have successfully raised $40 million in Series A funding and shared plans for their next two missions. AstroForge has now raised a total of $55 million to date.
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However, Gialich said AstroForge learned a lot from this mission and is working toward launching a second spacecraft named Odin. This will be a rideshare payload on the Intuitive Machines-2 mission, which is due to launch during the fourth quarter of this year. If successful, the Odin mission would be spectacular. About seven months after launching, Odin will attempt to fly by a near-Earth, metallic-rich asteroid while capturing images and taking data—truly visiting terra incognita. Odin would also be the first private mission to fly by a body in the Solar System beyond the Moon.
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On Tuesday, the company also announced plans for its third mission, Vestri (the company is naming its missions after Norse deities). This spacecraft will be about twice as large as Odin and is intended to return to the targeted metallic asteroid and dock with it. The docking mechanism is simple—since the asteroid is likely to be iron-rich, Vestri will use magnets to attach itself.
We’re going to break the table into two teams: team 1 will research the value of the asteroid for space construction, and team 2 will research the fees we can charge world governments not to accidentally drop the asteroid on their country.
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Mining CEO: is there a cheaper way to deliver this mineral rich material to the surface of the earth?
Mining scientist: YES! We can redirect the asteroid towards the planet and make it land on the surface!
Mining CEO: how much will this cost?
Mining scientist: probably billions of lives.
Mining CEO: … No no … I mean how much money will this save us and how much money will we make?
We’re going to break the table into two teams: team 1 will research the value of the asteroid for space construction, and team 2 will research the fees we can charge world governments not to accidentally drop the asteroid on their country.