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#151 2022-04-10 05:37:24

From: Northern England, UK
Registered: 2019-08-18
Posts: 2,236

Re: Asteroid Mining - profit from space

Asteroid mining post in Terraforming thread. … 17#p193317

"Plan and prepare for every possibility, and you will never act. It is nobler to have courage as we stumble into half the things we fear than to analyse every possible obstacle and begin nothing. Great things are achieved by embracing great dangers."


#152 2022-05-11 17:27:35

Registered: 2006-03-23
Posts: 4,782

Re: Asteroid Mining - profit from space

Eying A $1 Trillion Industry, 'Resource-Hungry' China Rapidly Increasing Tech For Asteroid Hunting … d-hunting/
According to Morgan Stanley, the space industry, which is currently valued at around $400 billion, is projected to reach $1 trillion in value in less than two decades. This has also prompted a competition between great powers such as US and China, who are vying for supremacy in space.

In 2017, Ye Peijian, the Chief Commander and Chief Designer of the Chinese Lunar Exploration Program, revealed details of a plan that could potentially put an unmanned craft on an asteroid and mine the rock for metals like palladium, platinum, and others that are used in items such as smartphones and automobiles.

“Water and platinum group metals that are abundant on asteroids are highly disruptive from a technological and economic standpoint,” Noah Poponak, a Goldman Sachs analyst, noted in an investor note.

Last year, A Chinese space mining start-up, Origin Space, launched a robot prototype, the NEO-01, into low Earth orbit (LEO) to capture and destroy space debris and eventually mine asteroids as well.

For years, Chinese scientists have been proposing plans for asteroid mining.


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