As General Counsel, Brian Israel will oversee the legal, regulatory, and compliance functions for the company, its parent, and Planetary Resources Luxembourg.
Luxembourg provides a unique legal, regulatory and business environment enabling private investors and companies to explore and use space resources
The identification and utilization of space resources is fast becoming a reality, driven by a revolution in space technology, accelerating exploration of outer space and the eventual scarcity of certain resources on Earth. Building on its long history at the forefront of the commercial satellite communications industry, Luxembourg aims to play a leading role in the exploration and utilization of these resources.
Its goal is to ensure that space resources explored under its jurisdiction serve a peaceful purpose, are gathered and used in a sustainable manner compatible with international law and for the benefit of humankind. Luxembourg’s vision is built on support for advanced research activities and technological capabilities, drawing on the country’s existing expertise in the space sector and its ongoing strategy of economic diversification into future-oriented high-tech industries.
Leading figures involved in China’s space program are looking at a range of ideas for utilizing asteroids and other small bodies.
Hewlett-Packard Enterprise is starting to think about how to automate many spacecraft systems and outsource critical decisions to an on-board computer.
In the late 19th century, Luxembourg built its economy around the iron and steel industries. Today, it is building around innovation.