This Week in Startups

The $60 billion resource hiding in space, and the startup trying to mine it | E2268

March 27, 2026|Original: 1h 38m|10 key insights|5 min read

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Key Insights

The $60 billion asteroid hiding 10 million miles away—and how one startup plans to mine it for $10.4M per mission

They use lasers and magnets to extract platinum group metals from space rocks. Here's the wild part: it could have 90% gross margins vs. 14% for Earth mining

Their first deep space mission Odin failed in February 2025, but they're already engineering Deep Space 2 for launch this year—the Elon playbook of iterating publicly

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