Planetary Resources is stalled until new funding is found

Planetary Resources CEO Chris Lewicki said that Planetary Resources made a risky and aggressive choice in 2017 to double down on asteroid exploration but they are now in trouble because a funding round failed.

Planetary Resources had to cut staff and all research and development. They had to stop operations of a successful satellite tech demonstrator launched in January 2018.

In 2016, Planetary Resources received almost $30 million in cash and grants in 2016.

Planetary Resources needs to find new funding before it can continue toward their asteroid mining goals.

logo

Don’t miss the latest future news

Subscribe and get a FREE Ebook