With an $18 million investment, Interlune, a company formed by former Blue Origin executives and an Apollo astronaut, announces advances in technology to extract helium-3 and extract natural resources from the Moon.
The latest round of funding, led by Alexis Ohanian’s venture firm Seven Seven Six, along with previous investments, totals $15 million. Katelin Holloway, CEO of Seven Seven Six, will join Interlune’s Board of Directors for development and planning.
Helium-3 and the mission of extracting natural resources from the Moon.
Interlune’s founding team, comprised of individuals with experience in commercial and civilian space commercial and civilian programs, start-ups and the Moon, aims to make lunar resource extraction viable in a responsible and technologically advanced manner.
Meyerson, co-founder of Interlune states that lunar resource extraction is now technologically and economically feasible, thanks to highly qualified equipment. The company plans to initially focus on mining and transporting lunar helium-3 for commercial and government customers in areas such as homeland security, quantum computing, medical imaging and fusion power.
Helium-3 is an abundant resource on the Moon, but scarce on Earth. It therefore represents a solution to the severe shortage recognized by the U.S. government since 2010. Industry sees the Moon as a promising and scalable source of this vital resource.
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Source and photo: Interlune
