News Column

NASA Taps Deep Space Industries for 2 Asteroid Contracts

June 25, 2014

NASA has awarded two contracts to Deep Space Industries to accelerate the agency's plans to partner with private industry on asteroid prospecting and harvesting.

According to a release from the company, one will analyze commercial approaches to NASA's asteroid goals and how an industry- led asteroid economy can make crewed Mars missions safer, sooner, and less expensive. The second will examine several small asteroid- prospecting payloads that can be launched as hitchhikers on NASA missions.

Participating with Deep Space on both proposals will be Near Earth, which has been raising capital for satellite and space companies since 2002 (and over $15 billion since 1993 at prior investment banks). It also frequently provides financial and strategic advisory services to aerospace companies, satellite operators, private equity firms, and hedge funds.

"Deep Space brings commercial insight to NASA's asteroid planning, because our business is based on supplying what commercial customers in Earth orbit need to operate, as well as serving NASA's needs for its Moon and Mars exploration," said CEO Daniel Faber. "The fuel, water, and metals that we will harvest and process will be sold into both markets, making available industrial quantities of material for expanding space applications and services."

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Source: Travel & Leisure Close - Up

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