Space mining startups see a rich future on asteroids and the moon

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Space mining startups see a rich future on asteroids and the moon
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'Nobody wants to think about a future in which humans don't thrive. So it's time for us to go into space.'

An artist's conception of a mining settlement on the double asteroid 90 Antiope, located in the main asteroid belt between the orbits of Mars and Jupiter.

"A decade ago, people got excited and there were those declaring that the first trillionaire was going to be made in space in those years," said Angel Abbud-Madrid is the Director of the Center for Space Resources at the Colorado School of Mines in Golden, Colorado. But a"who-ville" of questions are in play: Who is going to obtain the data required to locate valuable resources in space? Who is going to identify the concentrations of material available, drill, excavate, extract and purify it? Who is going to provide the transportation, the power and the communications? Who is not just going to mine, but to use the resources for making structures for space...

It is clear that in the near-term the space resources value chain is now linked to the moon."The whole field is moving and it's all about the moon." Once it is proven to a prospecting paradise, he said,"maybe it will be the asteroids, but that may be a much longer view."

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