Interlune raises $5M for initiatives that go beyond mining the moon
An artist’s conception shows a mining operation on the moon, including harvesters and a solar power plant. (Interlune Illustration) Seattle-based Interlune has raised $5 million in fresh funding to support a business plan that involves building space infrastructure as well as mining the moon for helium-3 and other valuable resources. The funds were raised through a Simple Agreement for Future Equity, or SAFE, in which investors provide upfront cash to a startup in exchange for shares to be issue