Space mining has been the realm of science fiction, but a handful of firms and governments are pursuing the idea of making it a reality.
Asteroid Mining Mining News
Geologists believe asteroids are packed with iron ore, nickel and precious metals at much higher concentrations than those found on Earth, making up a market valued in the trillions.
The companies will focus on mining exploration on the lunar surface and expect to pre-test later stage activities, such as excavation and infrastructure buildup.
Unlike US space agency NASA, Luxembourg Space Agency (LSA) will not carry out research or launches. Its purpose is to boost exploration, mining and commercial utilization of resources extracted from near earth objects.
The company, which unveiled its development plans for the Asteroid Prospecting Satellite One (APS-1) last month, is hoping to raise £2.3million.
India's equivalent of NASA will launch a rover in October to explore virgin territory on the lunar surface and determine the potential for mining a source of waste-free nuclear energy that could be worth trillions of dollars.
Data obtained from the Arkyd-6 will be use in the development of the Arkyd-301, Planetary Resources next spacecraft platform and the beginning of its space resource exploration program.
The five-year cooperation agreement covers the exchange of information and expertise on the exploration and mining of out-of-earth resources.
The Arkyd-6 spacecraft includes core technology that will be used in the company’s asteroid exploration program.
The country's ultimate objective is to have its own space mining agency by the end of the year.
The bill, approved by a vast majority, defines the conditions companies must fulfill to get a licence for launching a space mining mission.
If NASA is successful in its mission to 16 Psyche, one of the most massive asteroids found between the orbits of Mars and Jupiter, humans will have a first ever chance of exploring a world made of iron, not rock or ice.
It may not be necessary to fire a billion-dollar spacecraft into orbit in order to find out the potential of mining asteroids.
The private space exploration firm has enough money to hit the moon by the end of 2017.
The funding, which includes direct investment and grants, aims to help the asteroid mining company launch its first commercial prospecting mission by 2020.
He envisions people living in big glass-carbon fiber domes on the surface, with additional areas mined out below the surface by robots for "industrial" uses.
While many still see space mining as science fiction, global recruitment expert Fircroft has compiled data that proves it feasible.
The main challenge for mining near-Earth celestial bodies is neither technology nor cost, but simply “convincing people it is realistic,” says Dr. Phil Metzger.
OSIRIS-REx will collect samples from an asteroid and return them to Earth, in what it could be a pivotal step for firms currently planning to tap into the space mining business.
The mission's goal is to map a target asteroid, looking for deposits of water and other resources with visible and infrared cameras.
First time a country partners with privates to boost the development of the industry.
An official endorsement of such mission would pave the way for several other for-profit space ventures currently in the works.
Scientists say the high manufacturing quality of the blade in comparison with other simple-shaped artefacts suggests a significant mastery of iron working in the Egyptian boy king's time.
Improving agriculture with crop-specific satellite images.
Funds will be used to deploy and operate the firm's Earth observation program, known as Ceres.