A delay in funding from February 2018 forced Planetary Resources to lay off some of its 70 employees.
Planetary Resources had planned on using several small spacecraft, launched as secondary payloads in 2020, fly to near-Earth asteroids to measure their water content. The funding issue will delay that mission.
Planetary Resources is reconsidering its reliance on a venture-funded model.
There are financing approaches used in terrestrial mining, such as special purpose vehicles, but Chris Lewicki noted that those rely on secured mineral rights that don’t exist for extraterrestrial bodies. Chris considering blockchain for space mining rights.
Nextbigfuture interprets this to mean possibly using tokens or ICOs.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.