Moon Asteroid Mining: What It Means for the Economy? SpaceX Falcon Heavy could make it a reality
How Asteroid Mining will save Earth?
Why we don’t
How Valuable is Asteroid Mining?
MINING IN SPACE: What It Means for the Economy?
The pros, the cons, the challenges, the scope, and the economy!
The mining of celestial bodies and the research, as well as the use of space resources, has gone from science fiction to a palpable reality, considering the near-Earth asteroids as candidates for the first mining incursions outside of our planet.
There are already initiatives on an international scale that address these future activities seriously and rigorously.
President Obama signed the so-called “Space Law,” approved by the US Congress whose latest title allows companies in the country to exploit space mining and the appropriation of asteroids and other “space resources.”
The concept of “space mining” began to develop.
Its latest title allows companies in the country to exploit space mining and the appropriation of asteroids and other “space resources” by private individuals and companies if they get the technology to move and exploit the bodies rich in minerals such as platinum, gold, iron or water.
the rocky bodies that orbit the Earth or accumulate in the asteroid belt between Mars and Jupiter.
In this video, Engineering Today will discuss about Mining in Space. How valuable is Asteroid Mining? Does Asteroid Mining Will Revolutionize Our Future Economy?
Lets get started
RACE TOWARDS THE ASTEROIDS
There are many companies interested in asteroids such as Deep Space Industries, Orbital Sciences Corporation, Mars One, Bigelow Aerospace, etc.
The Blue Origin aerospace company owned by Jeff Bezos, the founder of Amazon, is building a rocket called the New Glenn.
The SpaceX firm, founded and run by entrepreneur Elon Musk, founder of Tesla Motors and PayPal, is carrying out cargo missions to the International Space Station with its recyclable Falcon 9 Dragon rocket and has plans for the future beyond the orbit land.
It is estimated that some asteroids could contain all.
Bernstein's Wall Street research firm says a large asteroid called 16 Psyche
There are about 12,000 asteroids that pass each year close to the earth,10% of them than on the Moon.
Yet, the fever for the conquest of asteroids is as strong as ever.
But all the interest that asteroids awaken does not end solely on the economic question.
future human settlements on Mars.
backup systems in space at a much lower cost than carrying them from Earth. It is also expected that asteroids will help us reach the red planet.
A trip to Mars would be much cheaper and more efficient if you could get some of the fuel along the way.
And that is where the asteroids and the Moon intervene.
The moon fell into our clutches in 1969.
ASTEROIDS AND THE MOON, IMMEDIATE OBJECTIVE
he Moon presents an abundance of the Helium-3 isotope.
In this context, NASA has raised the idea of sharing with American companies.
With reasonable budgets, it will be possible to send missions to inhabit the Moon in a decade.
It is clear that both the Moon and the asteroids are objects of mining in space and there are several countries and a few companies focused on the exploration and use of extraterrestrial resources.
Delving a bit into history, space mining American specialists possibilities of mining on the Moon.
SPACE MINING AND THE ECONOMY
Could the asteroids become a future source of resources? Some companies are already starting to get on the bandwagon of space mining, opening the door to great possibilities but also immense challenges.
There are two things you should know about asteroids
The only clear thing, for now, is that it will take decades to know if those who invest today in space mining are visionaries or just crazy.
The solar system
At least 18,000 of them or the Near-Earth Asteroids (NEAs) approach us less than 1.3 times the distance to the sun. And there are many NEAs left to discover.
asteroid 20 meter in diameter. No asteroid detection program saw it coming.
Space agencies do not devote more and more resources to watch the sky in vain.
But the asteroids, in addition to distrust and scientific curiosity,
Chris Lewicki, director of Planetary Resources, one of the companies that have space mining as one of their central objectives even mentioned that in principle, you could do anything with the metals that you extract from the asteroids. As he sees it, the universe is your mining factory.
Hence, the economic implications of space mining are immense
satellites like the Moon and planets like Mars.
space to sustain future life on Earth.
we will inhabit the Moon and Mars, we will be hovering other planets of the Solar system, and we will extract the minerals of the asteroids. The first Earthman might even be born on a space base.