Asteroid-mining startup AstroForge raises $13 million, books launch for test mission

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Asteroid-mining startup AstroForge raises $13 million, books launch for test mission
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AstroForge is out of stealth mode and making its big plans known.

AstroForge has developed proprietary material-refining technology that it will use to extract PGMs from space rocks, said Gialich and fellow cofounder Jose Acain, who also serves as the company's chief technology officer.

That technology has been tested in the lab, and it will soon get a chance to show its stuff off Earth, if all goes according to plan: AstroForge has booked a spot on aThat launch will send up, among other payloads, an AstroForge 6Uthat will extract platinum from a sample it totes to orbit. That spacecraft is being built now by OrbAstro, a small-satellite specialist based in the U.K. and New Zealand.

The space ecosystem has evolved considerably in the past decade, with new small-satellite launch providers coming online and established players such as SpaceX opening up their big rockets to small payloads.

Gialich and Acain aren't space neophytes. Gialich led guidance, navigation and control and flight software at Virgin Orbit for a number of years, he said, and Acain previously served as a deputy chief engineer atThe cofounders are looking to build out their operation, which is based in Huntington Beach. Much of the $13 million in new funding will go toward hiring new employees, Gialich and Acain said.

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