Doing it their way: Luxembourg’s Schneider says high-risk New Space investments to continue

by Peter B. de Selding

BRUSSELS, Belgium — Luxembourg’s deputy prime minister told European governments that Luxembourg’s high-risk New Space investment strategy would not change despite the fact that its biggest early investment was wiped out.

Etienne Schneider, who is also Luxembourg’s economy and trade minister, said his only regret in the Planetary Resources failure — — was that it happened so close to elections in Luxembourg.

“We have invested in different [space] startups. One of them, Planetary Resources, went wrong,” Schneider . . .

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