A Long Beach Aerospace Firm Is Betting on a New Industrial Boom: Capturing Asteroids
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Astroforge, a Long Beach aerospace firm, is advancing its mission to capture asteroid, with a spacecraft launch planned for April 2028. This venture aims to intercept a near-Earth asteroid to demonstrate the commercial viability of extracting space resources, specifically Platinum Group Metals (PGMs). This initiative represents a significant bet on the burgeoning space economy, potentially ushering in a new industrial boom centered on off-world resource extraction. The success of such deep space missions could unlock vast material wealth, mitigating terrestrial resource scarcity and enabling future in-space manufacturing, thereby fundamentally altering global supply chains and economic paradigms.