How a tax haven is leading the race to privatise space | News | The Guardian
►https://www.theguardian.com/news/2017/sep/15/luxembourg-tax-haven-privatise-space
The nation of #Luxembourg is one of Planetary Resources’ main boosters. The country’s pledge of €25m (£22.5m) – which includes both direct funding and state support for research and development – is just one element of its wildly ambitious campaign to become a terrestrial hub for the business of mining minerals, metals and other resources on celestial bodies. The tiny country enriched itself significantly over the past century by greasing the wheels of global finance; now, as companies such as Planetary Resources prepare for a cosmic land grab, Luxembourg wants to use its tiny terrestrial perch to help send capitalism into space.