NASA Just Cut a 10-Cent Check to Kick-Start Moon Mining Tech
upstart writes:
NASA just cut a 10-cent check to kick-start moon mining tech:
NASA Administrator Bill Nelson presented Justin Cyrus, CEO of Colorado-based space startup Lunar Outpost, with the first payment ever issued to a company as part of a space resource contract announced Aug. 23 here at the 36th annual Space Symposium. The check, which was just 10 cents, or 10 percent of Lunar Outpost's $1 bid, and will go towards the company's efforts to collect lunar dust, or regolith, for the agency.
"We had contractual terms with them when they produce their first element. We would give them 10% of their contract award. I am happy to present a check for 10% of their bid. Justin, here's a check for 10 cents," Nelson said.
[...] "This sets a legal and procedural framework that will be utilized for generations and decades to come for companies like ours and many others to go out and collect resources from the lunar surface from other planetary bodies and make them basically useful for humanity," Cyrus said.
[...] Now, as part of this contract, the company will "collect a small amount of moon dust, verify the collection and transfer the ownership of that lunar regolith," Nelson said.
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