Aerospace Industry Update
Sign up for myFT Daily Digest and be the first to learn about the aerospace industry news.
To the cynic, a landmine is a hole in the ground with a liar on it. Future space miners don’t even have this hole as a proof of concept. However, due to the predictability of orbiting satellites, asteroid mining has reappeared in the eyes of investors.Other “blue sky” themes, such as Flying taxi A lot of money is being attracted. Can space resources be the same?
Astronomical wealth lies among the stars. Psyche 16 is a metal block with a diameter of 226 kilometers and is one of the possible targets of miners. It is estimated that it contains 1 billion U.S. dollars worth of iron-about 100,000 times the total output value of the world economy.
NASA scientists plan to launch A task Go to asteroid next year. They are looking for clues about how planets formed, including their mineral composition. As the probe approaches its meeting point in 2026, interest in space mining may heat up.
Asteroid Mining Corporation believes that it can open its first mine within ten years. The British group plans to launch its first exploration satellite next year. Competitor Planetary Resources managed to put two test satellites into orbit. But before its first exploration satellite was completed on the drawing board, its funds ran out.
AMC said that the first asteroids mined will be those rich in precious metals. There are many orbits closer to Earth than Psyche 16. AMC wants to launch a mission 1986 AD In 2027. According to data from the asteroid database Asterank, this 2.3-kilometer-diameter object is estimated to contain 4.7 trillion US dollars worth of minerals. The exploration mission requires approximately US$400 million in funding, which will be carried out before the company’s first mining mission.
Japan’s ISpace believes that the moon is a better bet. The most important commodity in space may be the same as on Earth: water. ISpace plans to mine ice to provide hydrogen fuel and oxygen for deeper space missions.
In astronomy, anomalies are phenomena that current science cannot explain. The space miners of the future must quell another discord. Transporting mining equipment to space and bringing back minerals is expensive and requires technology that does not yet exist. Currently, the most reliable aspect of space mining is its recurrence as an interesting idea.
The Lex team is interested in hearing more comments from readers. Please tell us your thoughts on space mining in the comments section below.