Worker Bee hardware on first asteroid mining flight mission.
Image credit: TransAstra

A cash flow cascading from the heavens is a provisionary but promising harvest from asteroid mining. It’s already a “claim jumping” enterprise with assertions that billions, trillions, even quadrillions of dollars are looming in deep space, ripe for the picking and up for grabs.

Experts gather at the Colorado School of Mines to attend a space resources roundtable, drawing together scientists, engineers, entrepreneurs, mining and minerals industry specialists, legal experts, and policy makers.
Image credit: Colorado School of Mines

Several space mining groups, eager to dig into extraterrestrial excavation of asteroids, have already come and gone. Left behind are torn, tattered and beleaguered business plans.

Gobs of moolah?

The past, however, is prologue. But this time, step-by-step strategies are being fielded. By and large, the prospect of reaping gobs of moolah from off-Earth mining has become a tempered affair.

For more details, go to my new Space.com story – “Space mining startups see a rich future on asteroids and the moon – Nobody wants to think about a future in which humans don’t thrive. So it’s time for us to go into space” at:

https://www.space.com/space-mining-grinding-into-reality

One Response to “Space Mining – Grinding Away into Reality”

  • They seem to have moved on to OTV and Orbital Debris.

    I won the NASA “Orbital Alchemy” challenge applying this asteroid mining concept to mining a large orbital debris object in LEO. I think TransAstra may be soon to add this idea to their many, many notions.

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