TerraSpace is an AI and sensor-fusion company that transforms mineral analysis for the mining industry by providing rapid, on-site core sample analysis through its proprietary SmartScan platform. By combining LIBS, HSI, RGB, and PFTNA sensors with machine learning, TerraSpace delivers assay results in days to weeks rather than the industry-standard months, enabling mines to make real-time drilling decisions. Beyond terrestrial mining, TerraSpace is developing capabilities for the Lunar environment, targeting in-situ subsurface mineral analysis on the Moon in partnership with NASA's Commercial Lunar Payload Services (CLPS) program. The company holds LOIs with 4 mines representing a $33M/year pipeline and has completed a pilot project in March 2026.
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Eric Sundby
founder
landerson
other
Mineral analysis for mine sites currently takes an average of 3 months, is conducted off-site through a complex, costly process, and creates significant backlogs of unanalyzed core samples. This long lead time prevents drilling programs from adapting to real-time results, artificially limiting sub-surface intelligence and operational efficiency.
TerraSpace's SmartScan platform fuses multiple sensors (LIBS, HSI, RGB, PFTNA) with proprietary machine learning algorithms to deliver on-site mineral assays in days to weeks — a 100-fold improvement in turnaround time at a 20% cost savings. The portable system includes a user-friendly software terminal with geophysical mapping, integration with USGS Earth MRI satellite imagery, and Google Earth visualization, enabling mines to make data-driven decisions in near real-time.
TerraSpace completed a pilot project in March 2026 and holds Letters of Intent (LOIs) with 4 mines representing a $33M/year pipeline. The company is partnered with Nvidia's Inception Program, has partnerships for DOE ARPA-E funding opportunities in 2026, and is pursuing government funding through the Defense Production Act.