Market Share of Space Mining Industry
Moon Express, Off-World, Inc., Trans Astronautica Corporation, Asteroid Mining Corporation, and iSpace, Inc. are some of the prominent players continuing their research in the market. The market is in its nascent stage, with most of the progress expected to come in the next decade. Strategic acquisitions and partnerships may help the players to enhance their technological capabilities. For instance, In October 2021, Airbus Ventures announced that the company expanded its portfolio in space technologies with an investment in Space Inc. as part of an extension of the lunar exploration company's Series C investment round.
Also, several companies are testing their prototypes for future space mining. In April 2021, TransAstra announced that it received two contracts from the NASA Small Business Innovation Research (SBIR) program for Radiant Gas Dynamic (RGD) Ice Mining and Sun FlowerSolar Power Tower operations at the Lunar base of operations. Similarly, In August 2021, NASA announced that it had given a 10-cent check to space startup Lunar Outpost in the first-ever payment to a company to mine the Moon. The check, which was just 10 cents, or 10% of Lunar Outpost's USD 1 bid, will go toward the company's efforts to collect lunar dust for the agency. Such developments are expected to bolster the market prospects during the forecast period.
Space Mining Market Leaders
Moon Express
Trans Astronautica Corporation
Off-World, Inc.
Asteroid Mining Corporation
iSpace, Inc.
*Disclaimer: Major Players sorted in no particular order
