Luxembourg lost 12 million euros it invested in asteroid mining startup Planetary Resources.

Étienne Schneider is undaunted by early setbacks as he continues work to make Luxembourg a hotbed of entrepreneurial space, a scope that has expanded beyond, but has not abandoned, space resources.

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Jeff Foust has more than a decade of experience writing about space policy, entrepreneurial ventures and regulatory affairs. In 2001, he established spacetoday.net to aggregate and summarize the day's space-related news stories. In 2003, he started The...