Posted on 04/23/2018 10:12:11 AM PDT by Red Badger
A galactic gold rush has been predicted for some time, with experts saying teams will race against each other to collect precious metals from space rocks.
Earlier this year, physicist Michio Kaku described asteroids as “flying gold mine[s] in outer space” that could replenish any metal shortage on Earth.
Examples of valuable asteroids include one rock measuring 3,000ft across that contains $5.4 trillion worth of platinum.
And now it is predicted the first trillionaire will make their fortune in outer space.
PRICELESS: One asteroid contains $5.4trillion worth of platinum
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Renowned astrophysicist Neil deGrasse Tyson: “The first trillionaire there will ever be is the person who exploits the natural resources on asteroids.
“There’s this vast universe of limitless energy and limitless resources.
“I look at wars fought over access to resources. That could be a thing of the past, once space becomes our backyard.”
A fortune of a trillion would make them wealthier than the world's richest men Jeff Bezos, Mark Zuckerberg and Bill Gates combined.
Finance company Goldman Sachs has also been closely monitoring the space mining market.
The investment bank said in a recent statement: “While the psychological barrier to mining asteroids is high, the actual financial and technological barriers are far lower.
“Prospecting probes can likely be built for tens of millions of dollars each and Caltech has suggested an asteroid-grabbing spacecraft could cost $2.6 billion.”
At the moment, the race to bring back these flying metals is between private companies.
However, this looks set to change after Luxembourg established the Space Resources Initiative.
The country’s government is planning to dole out millions in funding to companies looking to exploit space’s natural resources.
Our goal is to put into place an overall framework for the exploration and commercial use of resources from ‘celestial bodies’ such as asteroids, or from the moon,” commented Etienne Schneider, Luxembourg’s deputy prime minister and minister of the economy.
Once that much metal becomes available, the price will drop to cheaper than water !
Todd Hoffman is putting together a space team as we speak
supply and demand will adjust prices.
There will be no monopoly cause there are far to many space rocks.
So the final winner will be the cheapest route !
Exactly first movers might make some serious cash... but just like Aluminum used to be costly to produce and rare... today it costs 1/10th the cost of tin, because it is plentiful and an easy inexpensive way to produce it was created.
Flying a couple hundred million miles to get metals you can find on earth is a way to put yourself trillions in debt...
And the world’s richest dog is the one who bit onto the rear bumper of that Cadillac Escalade and can’t let go.
LOL!!!.............................And they will get stuck on Mars.....................
First glance was “Spice mining..........”
A Cartel of Space Miners will withhold much of the metals to keep the prices high.................
But then again, considering this country's debt, I'm richer too...........
Somebody needs to brush up on their understanding of the concept of Supply and Demand.
Then it MUST FLOW!........................
A source of that magnitude will produce rapidly declining price on earth and will not be worth trillion once it is sold. Yes people and companies and some governments will become wealthier but not to the static analysis extent and things that require those assets in their manufacture and use will become a lot cheaper..
The real values to be found in outer space are water worlds and a way to get to them.
—yeah—there’s this small problem of “energy needed to get to and energy needed to get back”—
Todd Hoffman is putting together a space team as we speak
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Day late and a dollar short. Parker, using all the gold he got from Guyana, has teamed up with Musk - that car with the robot in it was deliberately sent beyond Mars to the Astroid Belt to begin a survey.
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