Luxembourg will also invest in research and development for technologies needed to identify, extract, and process minerals, water, and other valuable space-based commodities.
Stop quoting fake news. They aren't mining jack shit in space for a loooong time if ever because the cost of production would be enormous. Your quote doesn't even pass an elementary common sense test when they talk about "mining water" in space. We are not hard up enough for water where we need to spend $100,000 per gallon to mine it in space.
Even if some company like this is actually created, it's just like one of those shale oil companies they have people can invest in but will never ever turn a profit. Even if gold was revalued to $20,000 and silver to $1000 tomorrow, it would probably still not be doable or profitable. They would also mine somewhere like the ocean floor or Antarctica long before doing something like this.
CNBC suggests Luxembourg is extending its tax haven status to potential space mining companies. It's creating favorable laws for them and making it easy to set them up there.
UC Berkeley assistant professor of economics Gabriel Zucman... said Luxembourg's strategy of creating laws and making room for asteroid mining companies "is what being an offshore financial center means. It's not diversification. It's just extending the logic of being a tax haven to a new area."
In other words, Luxembourg isn't necessarily jumping into modern technology with its support of space mining it's just pushing into a new industry to extend the laws of a terrestrial tax haven, safeguarded by a sovereign nation, to the land of E.T.