The asteroid mining company, which is already backed by Bechtel, AGI and 3D Systems, has received $27.6m from the government of Luxembourg and SNCI.

Planetary Resources, a US-based asteroid mining company backed by several corporates, has attracted €25m ($27.6m) in funding from the government of Luxembourg and publicly owned financial institution Société Nationale de Crédit et d’Investissement (SNCI).

A total of €12m comes in the shape of a direct investment, with the equity stake taken by SNCI. The remainder will be provided as grants and research and development funding for work that will be conducted at a new facility in Luxembourg.

Founded in 2009,…