Astroforge raises $13M seed round for asteroid mining ambitions

Although we’ve long understood that asteroids are not simply the rubble of the universe, but potentially profitable stores of precious minerals, humanity has never been able to unlock this value. Y Combinator startup Astroforge wants to succeed where other companies have failed, by becoming the first to mine an asteroid and bring the material back to Earth — and it’s aiming to do so as early as the end of the decade.
To kickstart its operations, the startup has closed a $13 million seed round, financing which co-founder Matt Gialich says will fund Astroforge through its first two mission

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