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Asteroidmining

All articles tagged with #asteroidmining

technology1 year ago•1 min saved

Exploring the Future of Space Industry: Asteroid Mining and Beyond

SpinLaunch, a company innovating in space technology, is developing a unique method to launch cargo into orbit using a rotating armature inside a vacuum chamber, rather than traditional rockets. This approach, which accelerates the projectile on the ground before firing it at high speed, aims to make space ventures like asteroid mining and orbital manufacturing more feasible, turning once far-fetched ideas into practical possibilities.

via The Economist|

#asteroidmining #innovation #orbitalmanufacturing

science-and-technology1 year ago•4 min saved

Could NASA's Psyche Asteroid Mission Unlock Trillions in Wealth?

Asteroid mining, often touted as a trillion-dollar industry, may not be as lucrative as media suggests. A study funded by Astroforge highlights that only platinum-group metals (PGMs) are worth returning to Earth due to their high value and utility. Other metals, like iron and aluminum, are more suited for in-space construction. The study also challenges the notion of 'pure metal' asteroids, suggesting that while PGMs are present in higher concentrations than on Earth, their extraction is complex. Astroforge plans a mission to assess near-Earth asteroids' metallic content, potentially advancing our understanding of asteroid mining's viability.

via ScienceAlert|

#asteroidmining #astroforge #platinumgroupmetals

science-and-technology2 years ago•6 min saved

"2023: A Landmark Year for Space Exploration Milestones"

The space economy has seen a decline in venture capital investments in 2023, but still attracted over $11 billion across 289 deals, with infrastructure investments leading growth. Despite setbacks like SpaceX's Starship failures and other rocket companies' launch issues, the industry continues to advance with milestones such as India's successful Moon landing, proofs of concept for asteroid mining, and the tripling of traffic for SpaceX's Starlink internet service. Competition in the space internet sector is heating up with companies like EutelSat Oneweb, AST SpaceMobile, and Amazon's Project Kuiper making strides.

via Forbes|

##asteroidmining #moonlanding