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flag ExLabs plans to intercept asteroid Apophis in 2028 to study its structure and pave the way for future asteroid mining.

flag A Long Beach aerospace company plans to launch a spacecraft in April 2028 to intercept asteroid Apophis, which will pass close to Earth in April 2029. flag The autonomous mission aims to study the asteroid’s structure and composition, funded by government and private contracts. flag ExLabs envisions this as the first step toward a future industry of asteroid mining for rare earth materials like platinum and cobalt, potentially creating a space-based economy.

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