Friday, May 27, 2022

AstroForge Finds $13M For Asteroid Mining

Huntington Beach-based AstroForge said this week that it has raised $13M, and come out of stealth mode, saying it is working to mine platinum and other related metals from asteroid. The startup--founded by CEO Matt Gialich--said it has already booked a ride on a SpaceX Falcon 9 rocket to test its technology for processing asteroid materials in space. The funding was led by Initialized Capital, and also included Seven Seven Six, EarthRise, Aera VC, Liquid 2 and Soma.