Archive | Space Mining

https://www.bloomberg.com/

“It seems surreal to me,” said Elon Musk, proprietor of SpaceX, and for once he was understating things.

On Tuesday, his company blasted a 230-foot rocket into orbit, returned its two side boosters to Earth for a flawlessly synchronized landing, and — with exquisite nerd flair — propelled Musk’s own Tesla Roadster toward deep space, where it’s expected to orbit the sun for hundreds of millions of years.

Surreal, yes. But it was also a triumph of private enterprise and a milestone in American spacefaring. Its true significance, in fact, may not be apparent for decades. Known as the Falcon Heavy, the new projectile has 27 engines generating 5 million pounds of thrust, making it the most powerful rocket ever built by a private company. Continue Reading →

http://www.miningweekly.com/

JOHANNESBURG (miningweekly.com) – Space mining – the mining of bodies and other worlds in outer space for minerals and other natural resources – remains within the realm of science fiction. For now.

But, during the younger years of most of the world’s current senior mining executives, personal communication devices (cellphones) were science fiction, as were a whole plethora of compact electronic and domestic devices that are today widely available, affordable and, indeed, nearly ubiquitous.

It is very likely that, within the remaining life spans of those self-same senior mining executives, space mining will become a scientific, technological, engineering and financial fact. Continue Reading →

https://www.ft.com/

Companies plotting to put robots into space need funding anchored here on Earth

Mineral extraction is going to be crucial for the survival of colonies on Mars or the moon, dreamt up and financed by the likes of entrepreneurs Elon Musk and Jeff Bezos.

But such is the prohibitive fuel economy of space travel that it is unclear when, if ever, bringing resources such as iron and platinum back to Earth will be commercially viable.

Angel Abbud-Madrid, director of the Centre for Space Resources at the Colorado School of Mines, says it would make sense only when things on Earth “become economically not affordable”. “Now it’s a race to the funding,” says Meagan Crawford, who runs Brand Delta-V, a space marketing consultancy. Continue Reading →

http://www.telegraph.co.uk/

The secret of creating gold has fascinated alchemists for thousands of years, but now scientists have finally solved the mystery. Precious metals are forged in the cataclysmic collision of neutron stars and then flung out into the universe where they eventually aggregate with other stardust into larger bodies, like planets or comets.

Previously scientists had theorised that such cosmic smashes could create the vast amount of energy needed to create gold, platinum and silver, but for the first time, they have actually recorded it happening.

On August 17, astronomers in the US picked up a signal from two neutron stars crashing together 130 million years ago, when dinosaurs still roamed the Earth. Continue Reading →

http://www.dailymail.co.uk/

Can anyone claim the red planet or natural resources on asteroids? Business leaders and legal experts say the question has become more than philosophical as a growing number of firms, often backed by capital and technology from Silicon Valley, have set their sights on the resources of outer space asteroids and Mars.

In order to avoid conflicts between competing companies and countries over outer space resources, more work needs to be done on Earth to determine who owns commodities taken from celestial bodies, analysts said.

‘There is a huge debate on whether companies can simply travel to space and extract its resources,’ said Barry Kellman, a law professor who studies space governance at DePaul University in Chicago. ‘There is no way to answer the question until someone does it,’ Kellman told the Thomson Reuters Foundation. Continue Reading →

http://www.wired.co.uk/

On May 25, 2008, the Mars Reconnaissance Orbiter satellite transmitted a grainy image back to Earth. It showed two white dots – the Phoenix Mars lander and its parachute – descending against the backdrop of the planet’s vast Heimdal impact crater. Chris Lewicki, the Phoenix mission’s manager, hadn’t seen the lander since its launch on August 3, 2007, on board the Delta II rocket that carried it into space. The Phoenix landed 20km from the huge crater, kick-starting its search for microbial-friendly habitats on Mars.

For Nasa, this was the beginning of another successful mission, but to Lewicki, things began to feel repetitive. He had first become obsessed with space at the age of 11, when he saw images of Nasa’s Voyager mission, the space probe that captured images of the Solar System’s outer planets. He studied Aerospace Engineering at the University of Arizona and, in 1999, joined Nasa, where he rose through the ranks. In 2003, at the age of 29, he oversaw the landing of the Spirit and the Opportunity Mars Rovers.

Those missions were the fulfilment of his childhood dream. Now, with the Phoenix – his third mission to Mars – he began to feel restless. “A lot of my friends were working on the next big robot project, Curiosity,” he says. “But that felt like the easy thing to do.” So he started casting around for a new job. Continue Reading →

https://www.sciencealert.com/

It would collapse the global economy if we brought it home.

It might have just pushed back its manned mission to Mars, but NASA just fast-tracked a planned journey to 16 Psyche – an asteroid made almost entirely of nickel-iron metal.

Estimated to contain $10,000 quadrillion in iron alone, if we could somehow mine Psyche’s minerals and bring them back to Earth, it would collapse our comparatively puny global economy of $78 trillion many times over. Fortunately for the economic stability of our planet, NASA plans on looking but not extracting.

“It’s such a strange object,” Lindy Elkins-Tanton, lead scientist on the NASA mission and the director of Arizona State University’s School of Earth and Space Exploration, told Global News Canada back in January. “Even if we could grab a big metal piece and drag it back here … what would you do?” she adds. Continue Reading →

https://www.bloomberg.com/

The Middle East has an outsize impact on energy here on Earth. One analyst thinks some regional powerhouses may leverage that role into the development of natural resources in space.

Countries like the United Arab Emirates and Saudi Arabia are developing space programs and investing in nascent private space commodity initiatives, said Tom James, a partner at energy consultant Navitas Resources. Doing so could give them a foothold in building extraterrestrial reserves of water — a substance likely to fuel travel within space — and other resources that could be used for in-space manufacturing.

“Water is the new oil of space,” James said in Singapore. “Middle East investment in space is growing as it works to shift from an oil-based to a knowledge-based economy.” Continue Reading →