Skip to comments.Why Mining an Asteroid for Water and Precious Metals Isn't as Crazy as it Sounds
Posted on 04/24/2012 5:20:08 PM PDT by KevinDavis
Billionaire-backed space startup Planetary Resources has officially unveiled its business plan to much fanfare and with few surprises. The companys principals--which include X-Prize Foundation founder Peter Diamandis, Space Adventures co-founder Eric Anderson, and former NASA Flight Director Chris Lewicki--today pledged that Planetary Resources would make the abundant resources of space available here on Earth, and introduced a couple of the companys own spacecraft that will make such space prospecting possible. The rush for space resources is officially on.
(Excerpt) Read more at popsci.com ...
Those guys made their billions milking the system. They are not going to stop now.
And there has been economic return from space. Billions of dollars worth. Already.
Worship your dotcom sluts. I don’t care.
Seen in the year-by-year breakdown listed below, the total amounts (in nominal dollars) that NASA has been budgeted from 1958 to 2011 amounts to $526.18 billion dollarsan average of $9.7 billion per year.
A commercial comsat costs billions to put into orbit. You think companies do that for funsies? They do it for ROI.
Some do fail, but not as often as when we first started.
However.... commercial launches of commercial payloads have been going on as well. Those, I approve of.
I’ve sort of lost track of the argument.
Has our collectivist investment in space been worth the cost?
That is an extremely complex question, one which I am not qualified to answer right now.
What is the proposition on the table?
Is a private venture into mining asteroids crazy, and if so, why?
Unless it’s our money, it’s none of our business.
That being said, I would not invest my money in the project. None of the people who paid for the Channel Tunnel made a dime.
I appreciate our conversation tonight. You have raised good points, and were not outright dismissive of a new (old) idea, even if you don't think it's a good investment.
I respect that much more than those that dismiss the new with the smug assurance of the entrenched.
Private bonds were issued for the Chunnel. They all were defaulted on.
It’s an interesting question for someone like me who is thoroughly libertarian oriented. Is there a limit to what humans can accomplish if we are restricted to voluntarily means?
It’s worth thinking about.
All the discussion today revolves around how do we help people; what can we do to create jobs; we need to do more to help people.
It is a completely different perspective to come at it from the direction of - what can humans become?”
If you are coerced into feeding half the city that’s one thing. If you are coerced into spreading humanity across the galaxy - ?
Good point. I wasn't thinking of that angle.
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