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Why Mining an Asteroid for Water and Precious Metals Isn't as Crazy as it Sounds
Popular Science ^ | 04/24/12 | Clay Dillow

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 company’s 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 company’s own spacecraft that will make such space prospecting possible. The rush for space resources is officially on.

(Excerpt) Read more at popsci.com ...


TOPICS: Astronomy; Business/Economy
KEYWORDS: space
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1 posted on 04/24/2012 5:20:13 PM PDT by KevinDavis
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To: Jack Hydrazine; ELS; ToxicMich; Cronos; A_perfect_lady; Art in Idaho; perplyone; TheOldLady; ...

2 posted on 04/24/2012 5:21:37 PM PDT by KevinDavis (Go Mitt Go!!!)
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To: KevinDavis; Revolting cat!; Slings and Arrows

Because bottled water from Fiji, Iceland, and Houston isn’t exotic enough anymore.


3 posted on 04/24/2012 5:21:54 PM PDT by a fool in paradise (Barack Obama continued to sponsor Jeremiah Wright after he said "G.D. AMERIKKA!"Where's the outrage?)
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To: KevinDavis
More water? We have oceans full of it.

We just need energy to desalinate and transport it.

4 posted on 04/24/2012 5:23:25 PM PDT by RoosterRedux
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To: KevinDavis

Live a new life on the off-world colonies.


5 posted on 04/24/2012 5:27:28 PM PDT by struggle (http://killthegovernment.wordpress.com/)
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To: KevinDavis

yeah, it’s a piece of cake. just ask Bruce Willis


6 posted on 04/24/2012 5:28:42 PM PDT by plain talk
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To: struggle; All

Amen..


7 posted on 04/24/2012 5:29:01 PM PDT by KevinDavis (Go Mitt Go!!!)
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To: KevinDavis

It makes perfect sense to anyone with the slightest understanding of costs involved in space flight.

If you’ve got water in space, you have hydrogen and oxygen that don’t need to be hefted to orbit at a cost of thousands of dollars per pound.


8 posted on 04/24/2012 5:29:49 PM PDT by cripplecreek (What does it profit a man if he gains the whole world but loses his soul?)
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To: KevinDavis

Newt was dissed for men mining on the moon. Now everyone is fascinated by the prospect of robots mining asteroids.


9 posted on 04/24/2012 5:30:55 PM PDT by jonrick46 (Countdown to 11-06-2012)
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To: RoosterRedux
We just need energy to desalinate and transport it.

But if your living and working in space you need to have water that was hauled hauled up and out of a very deep gravity well. That is very expensive.

10 posted on 04/24/2012 5:32:02 PM PDT by DarthFuzball ("Life is full of little surprises." - Pandora)
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To: DarthFuzball
That is very expensive.

5 figures per lb as near as I can tell.
11 posted on 04/24/2012 5:37:23 PM PDT by cripplecreek (What does it profit a man if he gains the whole world but loses his soul?)
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To: KevinDavis

This is all going to collapse when they find a spotted owl on an asteroid.


12 posted on 04/24/2012 5:41:15 PM PDT by HerrBlucher
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To: KevinDavis

Actually, it’s even crazier than it sounds.


13 posted on 04/24/2012 5:41:48 PM PDT by E. Pluribus Unum (Government is the religion of the sociopath.)
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To: E. Pluribus Unum
But it is private citizens using their own money to advance science and humanity (and their pocketbooks). You would think a conservative would appreciate those that are on the edge of technology development.

"The wireless music box has no imaginable commercial value. Who would pay for a message sent to nobody in particular?"

-- David Sarnoff's associates in response to his urgings for investment in radio, 1920s

Nay-sayers have been around for a long time.

/johnny

14 posted on 04/24/2012 5:45:48 PM PDT by JRandomFreeper (Gone Galt)
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To: E. Pluribus Unum

“Actually, it’s even crazier than it sounds.”
Didn’t you read this part?
~~~Planetary Resources merely has some interesting Powerpoint slides, some big-money backers, and a press conference under its belt.~~~
There’s no room for doubt. These guys are series.


15 posted on 04/24/2012 5:51:23 PM PDT by running_dog_lackey
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To: JRandomFreeper
But it is private citizens using their own money to advance science and humanity (and their pocketbooks). You would think a conservative would appreciate those that are on the edge of technology development.

Oh, contraire, I guarantee you these operators know how to get federal funding, and they plan on getting it.

16 posted on 04/24/2012 5:54:46 PM PDT by E. Pluribus Unum (Government is the religion of the sociopath.)
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To: JRandomFreeper
Nay-sayers have been around for a long time.

Image Hosted by ImageShack.us

We the elders of the bronze age bitter clinger's society demand that you cease this foolishness right this minute.
17 posted on 04/24/2012 5:55:36 PM PDT by cripplecreek (What does it profit a man if he gains the whole world but loses his soul?)
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To: E. Pluribus Unum
Prove it.

/johnny

18 posted on 04/24/2012 5:56:20 PM PDT by JRandomFreeper (Gone Galt)
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To: cripplecreek
"Man will not fly for 50 years."

-- Wilbur Wright, American aviation pioneer, to brother Orville, after a disappointing flying experiment, 1901

It's not just the bronze age fuddy duddies. ;)

/johnny

19 posted on 04/24/2012 5:59:46 PM PDT by JRandomFreeper (Gone Galt)
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To: KevinDavis
Sounds far more expensive and time consuming than most of us will live to see... but, when I was a child no one would have thought it possible for man to visit the moon and return either.

Technologically it looks somehow doable today, at enormous expense that is unlikely to be repaid until many years into the future - possibly too many to for investors to hope for a return in their lifetime.

There's one glaring problem I'm sure they are still trying to calculate the full ramifications of. Asteroids (the most valuable quite large) are moving through space at a horrific rate, presenting a rather difficult obstacle - that of the fuel-power needed to overcome mass plus speed.

The solution can only lie in long-term minimal corrections in direction, and use of gravitational power to assist - with perhaps some deep-space refueling made possible. I'd love to hear or read how they expect to be able to pull it all off in a reasonable time period - i.e., within how many years.

20 posted on 04/24/2012 6:05:50 PM PDT by Ron C.
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