Asteroid mining company AstroForge has hit the mother lode, though their windfall is terrestrial in nature. Founders Matt Gialich and Jose Acain said in a blogthey had secured a $40 Series A funding commitment from several venture capital sources, bringing the total raised by the company to $55 million.
“The horizon looks bright, and if we are successful, this will be a giant leap forward as we work to establish a new and untapped supply chain of raw materials for Earth,” the pair wrote. While asteroid mining might seem outlandish, it’s an idea that at least some academics and entrepreneurs are taking it seriously. Numerous studies have examined the economic effects of mining precious metals and other resources from asteroids, while others have examined the feasibility of such projects.rendezvoused with the asteroid Bennu and came back to Earth, depositing a canister containing a small amount of rock and dust in September 2023.