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<ul class="summary-list"><li>Startup AstroForge has booked its first test mission with <keyword id="11908743" type="UNKNOWN" weightage="60" keywordseo="spacex" source="Orion">SpaceX</keyword>. </li><li>It aims to gather valuable rare minerals in space and bring them back to Earth.</li></ul>A new asteroid mining company has booked its first test mission with SpaceX. AstroForge plans to mine asteroids by breaking them up and returning valuable materials to Earth. It was cofounded by former SpaceX engineer Jose Acain and ex-Virgin Orbit and Galactic engineer Matt Gialich. It is scheduled to test its technology in orbit next year, using a SpaceX Falcon 9 rocket to launch. Asteroid mining <a href="https://www.businessinsider.com/the-value-of-asteroid-mining-2016-11?r=US&amp;IR=T">has long been tipped as a lucrative industry,</a> but it is yet to become commercially viable. The company will start with platinum group metals, which are used in everything from catalytic converters in cars to electronics. "A very worthwhile metal to have, but they're very limited," said Gialich, who is CEO, <a href="https://www.linkedin.com/search/results/content/?keywords=astroforge&amp;position=0&amp;searchId=61c8d079-a247-4174-aff0-e2b267366d54&amp;sid=uLc&amp;update=urn%3Ali%3Afs_updateV2%3A(urn%3Ali%3Aactivity%3A6935580678713462784%2CBLENDED_SEARCH_FEED%2CEMPTY%2CDEFAULT%2Cfalse)">on a LinkedIn video</a>. Metallic asteroids <a href="https://ui.adsabs.harvard.edu/abs/1991rnes.nasaR..22W/abstract">contain mostly iron and nickel</a>, but some also have platinum, gold, and cobalt.The shift to a green economy has seen demand for some metals soar. Cobalt, for example, is primarily used in lithium-ion batteries found in electric vehicles."We are continuously mining the Earth for all of its resources, not just platinum but everything. We see this damage cross the board. I mean, on the electric vehicle side, we have a huge lithium problem right now. We're making these hugely destructive mines ... there's economic problems [and] there's social problems caused by them. Overall, they're just not a good thing," Gialich said."We have all of these resources in space flying around us at high concentrations."The startup, founded in January, is backed by the prestigious accelerator Y Combinator, which has helped ventures including Reddit, Airbnb and Stripe.AstroForge recently raised $13 million in seed funding from venture capital firm Initialized Capital.

Asteroid mining startup founded by ex-SpaceX and Virgin Orbit engineers books first test mission with SpaceX

Hi there. Today we're covering the ongoing <a href="https://www.businessinsider.com/bitcoin-creator-64-billion-stake-identity-focal-point-florida-trial-2021-11">mystery surrounding Bitcoin's founder</a> and explaining why Taylor Swift's latest album was <a href="https://www.businessinsider.com/taylor-swift-rerecording-red-taylors-version-breaks-two-spotify-records-2021-11">such a big deal.</a>Shall we?If this was forwarded to you, <a href="https://www.businessinsider.com/subscription/newsletter/10-things-in-tech">sign up here</a>. Download Insider's app – click <a href="https://apps.apple.com/app/apple-store/id554260576">here for iOS</a> and <a href="https://play.google.com/store/apps/details?id=com.freerange360.mpp.businessinsider">here for Android</a>.<a href="https://www.businessinsider.com/bitcoin-creator-64-billion-stake-identity-focal-point-florida-trial-2021-11"></a>1. A deceased man's family is claiming he helped create Bitcoin. The identity of Bitcoin's founder, an anonymous figure known as Satoshi Nakamoto, <a href="https://www.businessinsider.com/bitcoin-history-cryptocurrency-satoshi-nakamoto-2017-12">has long been a mystery.</a> Now, a family in Florida is claiming their dead relative helped create the popular digital currency. <ul><li>The family of David Kleiman says that he, along with business partner Craig Wright, created Bitcoin in 2008 under the pseudonym Satoshi Nakamoto.</li><li>Kleiman's family is suing Wright for half of Nakamoto's Bitcoin cache, valued at over $64 billion.</li><li>Wright for years has claimed he created Bitcoin, and even though the token's creator could prove their identity by moving even a fraction of the cache of about 1.1 million bitcoins, he's failed to provide any evidence. </li><li>Now, it's up to a jury to decide. Ten jurors were tasked with hearing the evidence and determining the fate of the 1.1 million bitcoins. <a href="https://www.businessinsider.com/bitcoin-creator-64-billion-stake-identity-focal-point-florida-trial-2021-11">We have a breakdown of the trial and the pseudonymous Nakamoto.</a></li></ul>In other news:<a href="https://www.businessinsider.com/elon-musk-bezos-un-world-hunger-starvation-billion-donation-2021-11"></a><div type="image" title="Elon Musk" height="2705" width="3607" msid="87738663" hostid="261"></div>2. The UN has a proposal for how Elon Musk's billions could help fight world hunger. Musk said if the UN could show how the money would be spent, he would sell Tesla stock and donate the proceeds — and they just got back to him with a $6.6 billion plan for averting famine. <a href="https://www.businessinsider.com/elon-musk-bezos-un-world-hunger-starvation-billion-donation-2021-11">See their plan here.</a>3. Ghost-kitchen startup Reef had locations shuttered in at least six cities by health authorities. The SoftBank-backed startup, which bills itself as the largest operator of delivery restaurants in the US, has been told to close for violating city and public health codes. <a href="https://www.businessinsider.com/reefs-ghost-kitchens-shut-down-health-department-violation-2021-11">Insiders describe how Reef plays fast and loose with city regulations.</a>4. A man paralyzed in a collision with an Amazon van is suing the company. Per Bloomberg, the lawsuit says Amazon's monitoring <keyword id="6358815" type="UNKNOWN" weightage="60" keywordseo="tech" source="Orion">tech</keyword> "forced drivers to rush to the point it was unsafe," but Amazon has consistently argued it isn't liable for delivery crashes. <a href="https://www.businessinsider.com/amazon-van-crash-diver-surveillance-evidence-liability-lawsuit-2021-11">We explain why.</a>5. Startups are pursuing a $390 billion investment opportunity: caring for the elderly. Melinda French Gates' investment firm, Pivotal Ventures, sees care for the elderly as a social need — so it's sponsored an annual longevity accelerator with Techstars and just announced its second cohort. <a href="https://www.businessinsider.com/10-hot-age-tech-startups-backed-by-melinda-gates-techstars-2021-11">These 10 age-tech startups were chosen for the accelerator.</a>6. Elon Musk is close to selling his last remaining house. According to a Zillow listing, Musk has accepted an initial offer for the estate, a sprawling 47-acre property outside of San Francisco. Take a look at the house — which was initially listed for $37.5 million —<a href="https://www.businessinsider.com/elon-musk-sells-home-bay-area-san-francisco-2021-11"> here.</a>7. A crypto group plans to raise billions, buy their own NBA team, and then collectively run it. 1,200 members strong, the Krause House is a crypto organization trying to raise money through tokens to buy an NBA team. <a href="https://www.businessinsider.com/dao-crypto-group-krause-house-raising-billions-for-nba-team-2021-11">Here's how the seemingly far-fetched idea would work.</a>8. Lucid Motors' first car is MotorTrend's Car of the Year. The award, given to Lucid's $169,000 electric sedan, marks the first time MotorTrend has given the title to a carmaker's inaugural product. <a href="https://www.businessinsider.com/lucid-air-motortrend-car-of-the-year-award-electric-tesla-2021-11">Check out the Lucid Air here.</a>9. Meta just got hit with its first major lawsuit since a whistleblower leaked thousands of internal documents. Ohio's Attorney General is suing Meta (formerly Facebook), alleging it violated federal securities laws by failing to disclose its harm to young users. <a href="https://www.businessinsider.com/facebook-papers-whistleblower-lawsuit-ohio-pension-system-seurities-fraud-2021-11">Here's what we know so far.</a>10. Taylor Swift's rerecorded "Red" album broke two Spotify records in one day. The rerecorded album, "Red (Taylor's Version)," is the latest move in Swift's battle over the rights to her earlier music, and its success highlights the industry's shifting power dynamics. <a href="https://www.businessinsider.com/taylor-swift-rerecording-red-taylors-version-breaks-two-spotify-records-2021-11">Here's why that's such a big deal.</a>What we're watching today:<ul><li>Lots of retailers — Walmart, Home Depot, and others — are expected to report their earnings. <a href="https://markets.businessinsider.com/earnings-calendar">Keep up with earnings here.</a></li><li>Sono Group, a German solar electric vehicle manufacturer, is expected to announce its final IPO pricing today.</li><li>The Washington Post is hosting a discussion on "Unicorn Hunters" with Apple co-founder Steve Wozniak. <a href="https://www.washingtonpost.com/washington-post-live/2021/11/16/unicorn-hunters-with-silvina-moschini-moe-vela-steve-wozniak/">More details on that here.</a></li></ul>Curated by Jordan Parker Erb in New York. (Feedback or tips? Email <a href="mailto:jerb@insider.com">jerb@insider.com</a> or tweet <a href="https://twitter.com/jordanparkererb?lang=en">@jordanparkererb</a>.) Edited by Michael Cogley in London.

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Asteroid mining startup founded by ex-SpaceX and Virgin Orbit engineers books first test mission with SpaceX

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