SpaceGold Corporation, founded by the rocket scientist William Mook and mineral processing engineer Hamidreza Jalilian aims to build, launch and operate satellites that mine and refine gold from asteroids with the help of engineers from Boeing, NASA, Northrop Grumman, and TriVector.
While the past efforts from companies like Planetary Resources couldn’t pinpoint a feasible approach to process the materials in space, SpaceGold has patented a technology to mine the space resources with a light weighted Hyper Efficient Solar-Pumped Laser (HESL) producing 60 kW energy per one kilogram of hardware.
The startup’s innovation doesn’t stop here though, they have designed the first business model that distributes their future productions in the blockchain system. They believe as Facebook and JP Morgan realized the digital market is real and will expand drastically shortly. According to William Mook, SpcaeGold starts its operation with mining gold in asteroids. So, for the first time in history, there will be a currency backed by gold from space.
Although the startup offers digital crowdfunding, it hasn’t moved on from non-digital fundraising. They offer traditional business models to welcome private investors. The company expects to raise $150 million in the first stage of funding to launch their first satellites in 2022 and return the first asteroid mining products in 2025.
“We started in 2018 and until this year people would have walked away when we talked about space mining. But everything is different now because of the recent events” said Hamidreza Jalilian, referencing the Back to the Moon Mission advancements and Donald Trump’s Executive Order to support space mining signed on April 06, 2020. “People contact us every day to assist us with our operation. People from private companies, agencies, and institutions inside the US and outside the US, even European Space Agency (ESA)” Pourya Sadeghi – Business Manager continued.
SpaceGold Corporation starts its first round of crowdfunding in forms of Initial Exchange Offering (IEO). SGOLD will be available on the P2PB2B exchange platform from June 20, 2020, to July 02, 2020. The token is CFTC regulated and FinCEN registered.