NASA Investigating Asteroid Mining

0

The companies are currently searching for asteroids close to Earth which are composed of ice, minerals, metals, silicate minerals and carbonaceous minerals. The primary aim is to collect materials for space exploration, although they are also investigating ways of bringing materials back to Earth.

NASA Asteroid Mining

Why asteroids?

Water is one very important resource in enabling missions further into space. Asteroids generally contain lots of ice which could be collected and broken down into hydrogen and oxygen to be used as fuel for spacecrafts.

Baupost’s Seth Klarman Suggests That The U.S. Could Be Uninvestable One Day

Seth KlarmanIn his 2021 year-end letter, Baupost's Seth Klarman looked at the year in review and how COVID-19 swept through every part of our lives. He blamed much of the ills of the pandemic on those who choose not to get vaccinated while also expressing a dislike for the social division COVID-19 has caused. Q4 2021 Read More

It may seem like the stuff of science fiction but NASA seems intent on mining asteroids to enable the exploration of deep space. The space agency recently announced its intention to send a manned mission to Mars within the next 25 years.

Platinum mining is another potential source of revenue from asteroids. The companies are investigating a viable method of transporting materials to Earth, but costs look to be prohibitive.

Differing methods for asteroid mining

In order to search for the asteroids with the best potential, Planetary Resources intends to use mid-sized space telescopes. In the future the company would like to create a space depot from which mining operations could be undertaken.

In contrast Deep Space Industries plans on using compact spacecraft known as “FireFlies” to evaluate asteroids. Once it has determined the potential of an asteroid, it will then capture it using its “DragonFly” spacecraft, before a “Harvester” craft potentially brings resources back into Earth’s orbit.

For its part NASA has sent a spacecraft known as OSIRIS-Rex to study the “Bennu” asteroid, which is relatively close to our planet. The spacecraft aims to land on the asteroid and carry out studies of its composition, with a projected landing date of September 2016.

This latest announcement from NASA follows hot on the heels of the successful landing of the Philae probe on a comet known as 67P, which marked the first successful landing on a comet. Probes have previously landed on asteroids, but never with the specific aim of studying the possibility of mining.

 

Updated on

Sheeraz is our COO (Chief - Operations), his primary duty is curating and editing of ValueWalk. He is main reason behind the rapid growth of the business. Sheeraz previously ran a taxation firm. He is an expert in technology, he has over 5.5 years of design, development and roll-out experience for SEO and SEM. - Email: sraza(at)valuewalk.com
Previous article Deep Value Investing And Unexplained Returns
Next article Herbalife Ltd. (HLF) Now A Hot Hedge Fund Short

No posts to display