NEWS FROM THE FUTURE: Mining the lucrative moon

When US president Donald Trump signed the executive order in April 2020, encouraging US companies to mine the moon, it’s unlikely he had any sense of the magnitude of the machine he set in motion. Fast forward 12 years and moon mining is not only feasible, it’s a reality.

Elon Musk’s SpaceX was the key to making lunar mining commercially viable. SpaceX’s reusable rockets enabled affordable exploration of lunar mining opportunities for hundreds of companies across the globe. The most successful of these are leveraging space-based solar power to keep the lights on and AI-enabled machinery, operated by “tech workers” using augmented and virtual reality technology to remotely control the machinery on — and below — the moon’s surface.

Although many of the geopolitical technicalities are still unresolved, backed by its Artemis Accords partners, the US seems undeterred. Echoing the sentiments she shared as vice-president in 2022, President Kamala Harris tweeted earlier this week: “The US is proudly leading the way forward on the moon. And we are committed to ensuring that all space activities are conducted in a responsible, peaceful and sustainable manner.

And it’s only partly due to the success of Tesla, which catapulted Musk firmly to the top of the billionaires’ club with an estimated net worth of $250bn in October 2021. At the time, Morgan Stanley rated SpaceX the most valuable private company; that was when Starlink was barely operating a full network, and Starship prototypes hadn’t reached orbit yet.

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