How Close Are We to Mining in Space?Asteroids hold untold riches when it comes to “untapped resources.” We are getting closer to harvesting materials from these celestial objects, but how close are we to mining asteroids?
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*Correction: While no evidence of new elements has been found in asteroids, they can indeed contain minerals that are impossible to form on Earth. We apologize for this error.
Asteroids could become the intergalactic pit stops for exploring the universe. They have the potential to become cosmic gas stations, and even the building blocks for habitats on Mars.
Asteroids can be huge, and they're almost everywhere in space. Asteroid mining could yield materials like platinum, iron, nickel, and cobalt; rare minerals; water; and even minerals that are impossible to form on Earth.
And while there are numerous kinds of valuable minerals on asteroids, the first and most important thing we need to do is learn how to extract water. Water is found in Carbonaceous asteroids, also known as C-type asteroids.
A water source in our planetary neighborhood could be a source of hydrogen and oxygen for rocket fuel and life support systems; a tool to shield us from radiation; and even a supply of drinking water for astronauts. The problem is that C-type asteroids are a bit tricky to find: the asteroids are incredibly dark. The good news is, all the sunlight they don't reflect gets absorbed, warms the asteroids up, and they glow in the infrared.
That's why NASA’s Jet Propulsion Laboratory is developing the Near-Earth Object Camera, or NEOCam, which, in addition to identifying potentially hazardous Near-Earth Objects, will be able to comb the infrared for evidence of C-type asteroids.
But what do we have to do to actually achieve asteroid mining? Find out more in this episode of How Close Are We?
Cosmic Detective Work: Why We Care About Space Rocks
"From distant, icy comets to the asteroid that ended the reign of the dinosaurs, each space rock contains clues to epic events that shaped the solar system as we know it today -- including life on Earth."
Asteroid mining might actually be better for the environment
"The first study of its environmental impact suggests that extracting resources such as platinum from asteroids might be cleaner than doing so on Earth."
Asteroid-Mining Plan Would Bake Water Out of Bagged-Up Space Rocks
"This water, in turn, could provide relatively cheap and accessible propellant for voyaging spacecraft, lowering the cost of spaceflight significantly."
Keiser Report: Bitcoin vs Banksters (E426)In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the elbowed dreams and broken markets that continue to apparently thrive while a hedge fund managers advice for young people is 'get a job' (in a hollowed-out wasteland of an economy) and 'save for retirement' (with the same banks that have stolen trillions from the global investor). In the second half of the show, Max Keiser talks to entrepreneur and inventor, William Mook, about a near future when bitcoin means banks will not even be needed and 3D printing makes factories obsolete but a present day in which financial wise guys have stopped investing in the economy because there is no fuel supply to support the growth.
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The Meaning of Bitcoin 28 November 2013What does bitcoin mean? Where will bitcoin go? Today (28 Nov 2013) we are in the most recent mania phase for bitcoin as the currency becomes an asset class among financial types. In the future other features will bring about other manias, and eventually, there is sound reason to believe bitcoin will rise in value achieving a stable price of $10 million per bitcoin by October 2016. At present I expect prices to rise to $1220 by December and fall by December 15 to $280-$320 with recovery by Jan 1 2014 to $700 to $800 - with organic rise to $2,000 by March 2014.
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The days of oil may be numbered, but there’s another natural resource that’s never been touched, Asteroids.
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The Black Hole Information Paradox
The richest person in modern history, was John Davison Rockefeller, His net worth was three times greater than that of our richest tech billionaires, inflation adjusted. And the source of that fortune? Timely exploitation of a vast, then-untapped natural resource: oil. Well, the days of oil may be numbered, but there’s another natural resource that’s never been touched, is effectively inexhaustible, and has a dollar value large enough to disrupt entire economies. That resource? Asteroids, and the precious materials they contain. Astrophysicist Neil deGrasse Tyson predicts that the world’s first trillionaire will be an asteroid miner. The Rockefellers of the 21st century may be less like the internet and tech moguls of the 20th century and more like the old-school oil barons of the 19th century.
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Michio Kaku predicts asteroid mining will happen sooner than you thinkNew videos DAILY: https://bigth.ink
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Good news! We're on the precipice of the next great gold rush... but it won't be in the hills of California. Or anywhere on this planet. It'll be in outer space, as there are untapped rare materials in asteroids that could be used for future technologies. That's right: there's gold in them thar skies! Theoretical physicist and one of our favorite Big Thinkers, Dr. Michio Kaku, explains to us that while China might have a stranglehold on the rare minerals and metals on our planet, there's no stopping interplanetary mining. We've even got an actual plan with actual economics already in place... we just have to wait until NASA's SLS rocket technology fully develops. Michio Kaku's latest book is the awesome The Future of Humanity: Terraforming Mars, Interstellar Travel, Immortality, and Our Destiny Beyond Earth .
Dr. Michio Kaku is the co-founder of string field theory, and is one of the most widely recognized scientists in the world today. He has written 4 New York Times Best Sellers, is the science correspondent for CBS This Morning and has hosted numerous science specials for BBC-TV, the Discovery/Science Channel. His radio show broadcasts to 100 radio stations every week. Dr. Kaku holds the Henry Semat Chair and Professorship in theoretical physics at the City College of New York (CUNY), where he has taught for over 25 years. He has also been a visiting professor at the Institute for Advanced Study at Princeton, as well as New York University (NYU).
Michio Kaku: When I was researching my book The Future of Humanity I came across a comment made by Thomas Jefferson. Thomas Jefferson made the biggest gamble of his life buying the Louisiana Purchase from Napoleon. Napoleon was fighting the British he needed hard cash immediately. He had Louisiana and that whole middle portion of the United States and so Napoleon sold it to Thomas Jefferson for a song. But Thomas Jefferson thought how long would it take to investigate what he had just purchased? He had doubled the size of the USA. Think about that. And he probably violated the Constitution in the process. Everyone forgets that. Everyone glosses over that fact, but hey when Louis and Clark went into the territories that comprised the Louisiana Purchase they found tremendous prospects for wealth and prosperity, but Thomas Jefferson wrote that it may take a thousand years, a thousand years before they could then begin to settle the west.
Well, how long did it take? A few decades. Because what happened? Gold. Gold was discovered in California sparking the gold rush and within just a few years millions of prospectors, settlers, fortune hunters converged on California. It didn’t take a thousand years to develop that. Then the question now is, is there going to be a new gold rush in outer space? Some people think so. Some Google billionaires have created an organization, a company, Planetary Resources, that are looking into prospecting in the asteroid belt. Now, asteroids come in all shapes and sizes and we’re cataloging them now and we have already found some perspective asteroids that could be mined. One asteroid perhaps maybe 30/50 feet across brought back down either to the moon or to the planet earth could, in fact, yield billions of dollars in rewards because of the rare earths and the platinum type medals that you find inside. You see, the electronics industry is dependent upon rare earths. Where are these rare earth elements found it? Mainly in China. They’re everywhere, of course, but China has the most developed market and the Chinese in turn supply on the order of 90 percent of the rare earths.
Well, a few years ago they decided to capitalize that and raise the price. All of a sudden shockwaves, shockwaves spread around the earth because people realized that oh my God China has a stranglehold, a stranglehold on high technology. How can you build the next iPhone if you don’t have the rare earths to make the transistors and to make the delicate components of these high tech devices? So I think what’s happening here is that some people see an area for profit and that is asteroid mining. Now of course, the infrastructure for that doesn’t exist, but NASA has looked at its budget and does have a program that has been shelved temporarily to redirect an asteroid. The Asteroid Redirect Program is to send the SL ass booster rocket into outer space with the...
For the full transcript, check out https://bigthink.com/videos/michio-kaku-asteroid-mining-will-happen-sooner-than-you-think
Asteroid Mining - A Review on The HistoryMining asteroids might seem like the stuff of science fiction, but there are companies and a few governments already working hard to make it real. This should not be surprising: Compared with the breathtaking bridges that engineers build on Earth, asteroid-mining is a simple, small-scale operation requiring only modest technological advances. If anything is lacking, it is the imagination to see how plausible it has become.
#SGOLD #spacegold #ico