Asteroid Mining Is Coming Soon
Planetary Sciences has announced that it is already up and running (with about 25 employees) and looking for growth in their Asteroid mining business.
There have also been a lot of stupid headlines floating around ($1 Trillion Company etc) because of the immense value on earth of all the rocks in space.
The point (and why this is the first company to try it) is that it is very expensive to get minerals from space to earth - precisely why we are not already doing it.
But Planetary Sciences has a smart business model: they will start by building and selling a small yet effective space telescope. They will use it to look for profitable rocks. However, they will also sell it to others for use in whatever way a space telescope is needed (probably the same way they use telescopes in NYC - looking at your neighbors).
There have also been a lot of stupid headlines floating around ($1 Trillion Company etc) because of the immense value on earth of all the rocks in space.
The point (and why this is the first company to try it) is that it is very expensive to get minerals from space to earth - precisely why we are not already doing it.
But Planetary Sciences has a smart business model: they will start by building and selling a small yet effective space telescope. They will use it to look for profitable rocks. However, they will also sell it to others for use in whatever way a space telescope is needed (probably the same way they use telescopes in NYC - looking at your neighbors).
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