Phantom of the Asteroid was well received by the gaming magazines of the day.
C&VG gave it 7/10 for graphics, 9/10 for sound, 10/10 for value, and 8/10 for playability, devoting particular praise to
Rob Hubbard's music, calling it a "neat and cheap treat" overall.
Your Commodore gave it 5/10 for originality, 7/10 for playability, 8/10 for graphics, and 9/10 for value-for-money, criticizing the game's high difficulty and the necessity of starting the whole game over again after each death. Nevertheless, it concluded that "[t]his is definitely one of Mastertronic's better offerings. Spend £1.99 and die as many times as you like." Two of the game's three reviewers at
Zzap! compared it to
Rocket Roger, one unfavorably so, and all three complained that the game played too slowly. Nevertheless, they were united in their praise of the game's size, longevity, and music, awarding it 73% overall. In a less positive review,
Your Computer considered the game a side-scrolling version of
Jet Power Jack, giving it a score of 3/5 and saying, "While not particularly original or brain-straining, it should keep you happy for a time." ==References==