Planetary Resources, the asteroid mining company, announced that it has named Brian Israel as General Counsel. Mr. Israel will oversee the legal, regulatory, and compliance functions for the company, its parent, and Planetary Resources Luxembourg. The company’s vision is to expand humanity’s economic sphere of influence into the Solar System by providing resources for people and products in space, with a near-term goal of identification, extraction, and refinement of water from near-Earth asteroids.
The Moon and nearby asteroids could contain untold riches and resources to help further space exploration. One small country is aiming to take a leading role in this new space race.