NASA cut a 10 cent check for moon mining

NASA Administrator BIll Nelson presents Lunar Outpost CEO Justin Cyrus with a check for 10 cents. (Image credit: Space Foundation)

COLORADO SPRINGS, Colo. — NASA has cut a 10 cent check to space startup Lunar Outpost in the first-ever payment to a company to mine the moon.

NASA Administrator Bill Nelson presented Justin Cyrus, CEO of Colorado-based space startup Lunar Outpost, with the first payment ever issued to a company as part of a space resource contract announced Aug. 23 here at the 36th annual Space Symposium. The check, which was just 10 cents, or 10 percent of Lunar Outpost’s $1 bid, and will go towards the company’s efforts to collect lunar dust, or regolith, for the agency.