AstroForge, Inc.
AstroForge is a commercial space startup focused on asteroid mining and the extraction of platinum group metals and other critical minerals. Explore our deep space missions and discover how we’re shaping the future of space resources and off-world mining.
Funding history
About AstroForge, Inc.
How much funding has AstroForge, Inc. raised?
AstroForge, Inc. has raised $83.3M in total funding. The most recent round was Series A.
Where is AstroForge, Inc. headquartered?
AstroForge, Inc. is headquartered in Huntington Beach, CA.
What does AstroForge, Inc. do?
AstroForge is a commercial space startup focused on asteroid mining and the extraction of platinum group metals and other critical minerals. Explore our deep space missions and discover how we’re shaping the future of space resources and off-world mining.
What problem does AstroForge, Inc. solve?
Earth-based mining of platinum group metals has low margins (around 7%), can't meet growing global demand, and is costly and environmentally destructive.
What's AstroForge, Inc.'s solution?
AstroForge builds low-cost, autonomous, replicable spacecraft designed to track, rendezvous with, and mine metal-rich near-Earth asteroids, then refine the materials in space.
What makes AstroForge, Inc. different?
The company claims asteroid mining could yield ~85% margins versus ~7% for terrestrial mining, that a single asteroid could supply Earth's PGM needs for 200 years, and that its DeepSpace-2 mission will be the first-ever commercial spacecraft rendezvous with a body outside the planetary gravity well.
What makes AstroForge, Inc. notable?
Founded in 2022 by former Virgin Orbit engineer Matt Gialich and Jose Acain, AstroForge is attempting to become the first company to mine platinum-group metals from asteroids, backed by investors including Initialized Capital.
Leadership
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