AstroForge Secures $40 Million to Advance Asteroid Mining Missions

The startup plans to launch its third mission, Vestri, by 2025 as it continues to refine deep-space mining technology.

AstroForge has raised a total of $55 million, including a recent $40 million Series A round led by Nova Threshold.
The funds will support the development and launch of the Vestri mission, targeting a metallic-rich asteroid.
AstroForge faced challenges with its previous missions, including communication issues and structural failures.
The company has transitioned to in-house spacecraft development to meet tight deadlines and ensure mission success.
AstroForge aims to return the first amount of platinum to Earth before the end of the decade.