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Who Wants To Be A Trillionaire?

Feb 27, 2020
I earn gold Copper ores are the lifeblood of the world economy from the Arctic Circle to the Sahara Desert The $1.7 trillion mining industry supplies the raw materials needed for everything from skyscrapers to smartphones, but mining it also carries an increasingly critical environmental cost that may require Let's think about extra-planetary solutions before it's too late. The asteroids, moons, and planets of our own solar system contain an essentially unlimited supply of untapped resources. asteroids come with an incredibly high price tag but the most valuable items can be the most basic ones, what you want to mine and space is what you need a lot and even though humans have been mining for thousands of years, mining in space requires innovative new technologies to realize any potential business and economic opportunities such technologies could allow humanity to expand its operations ons off earth and take that next giant leap these little dots represent the millions of asteroids in our solar system in the last two decades the government and private aerospace companies have been investigating the location of their composition and even the possible benefits to mine them this known as Venu has an estimated value of 669 million dollars Ryu gu eighty two billion dollars better yet an asteroid called dabba de which is valued at over a hundred trillion dollars and the reason of these high prices are made of valuable metals such as gold, platinum and iron we believe that asteroids have platinum group metals rare earth metals in high percentages and it is possible that they are found on the moon, for example, only once in the In human history an asteroid sample has been brought back to earth on the Japan Aerospace Exploration Agency Hayabusa mission in 2010 and even then the sample returned was simply dust particles and the total cost of that mission approximately $250 million a problem is that compared to the moon there is very little gravity so you have to somehow join the asteroid whereas on the moon gravity will keep your processing equipment in place so the general answer to the question can we bring materials mined in space back to earth? and the general answer is not bringing things from space to earth only makes sense if what is recovered is so extraordinarily valuable and simply not available on earth and even returning the most valuable asteroids could drastically devalue those materials take asteroid 16 psyche For example, that NASA is building a probe that will be launched in 2022 to study potato-shaped objects, which is approximately 95% metal, nickel, iron, platinum, and even gold.
who wants to be a trillionaire
Some estimates value the asteroid at $700 quintillion. layers that offer incredible insight into how planets form if someone managed to bring large amounts of this asteroid back to earth The supply of resources would skyrocket, meaning we would have more material than we would have use for making the price drops to near zero once we find the rarity of a high-value metal or mineral, the value of that on earth could drop significantly experts agree a more likely scenario is that materials mined in space remain in the space jumping starting a lucrative new industry any space nation will have seen what is called in situ resource utilization which is a very common space term that means you use the resources where you are taking that model of if you need it in space mining in the space what it would be mining mainly needs fuel is there something more valuable to use space that is abundant in ti earth water can not only sustain humans and plant life for future manned space missions the components of water hydrogen and oxygen can also be separated and reassembled to make fuel zero emission fuel called hydrogen fuel is the same used in propulsion of spacecraft and fuel cell vehicles, hydrogen fuel research in this new space race could also spur new technologies that can help combat climate change by accelerating the phase-out of fossil fuel use on earth and there is already a great demand and an immediate business opportunity. for risk-tolerant companies that want to make a fortune in a 2018 paper by industry government and academic experts, they estimated that for an initial investment of four billion dollars in a lunar water mining operation that is about cost of a luxury hotel in las vegas about 2.4 billion dollars in revenue could be generated annually kind of business case 101 of mining in space is that if you are going to launch something from Earth it will cost you about 10 or 20,000 dollars a kilo to get into space so if you need water for something in space and you can produce it for less than ten thousand dollars a kilo and then do it in space do United Launch Alliance ula they have put a price on water in space they have said we will give you this amount of water money which means that the people who are going out and trying to produce that water now have a customer in 2016 the ula announced that it is available The cost to pay about $3,000 per kilogram for the talent in an orbit below 2,000 kilometers called low-Earth orbit compared with the estimated price of $4,000 per kilogram to deliver the propellant from Earth, most Experts believe that the moon is a logical starting point for this, it has more gravity than an asteroid which makes landing easier and its poles are believed to contain large amounts of water ice.
who wants to be a trillionaire

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who wants to be a trillionaire...

That potential volume of water has made it the focus of NASA's Artemis program, which aims to land astronauts on the moon's South Pole and also make a critical first for the space agency. customer for any water collected on the moon china india israel usa europe now everyone is focusing on the road and all these government programs are looking to set up shop for a future of water mining a gas station on the moon could ultimately make current space ventures much cheaper and make future space missions possible although this is entirely theoretical at this point this is how it could be developed water is extracted on the moon and a gas station established this would provide the first customers, most likely, government agencies, water for human consumption and fuel for spacecraft.
who wants to be a trillionaire
Water-derived fuel could also be collected from asteroid vehicles or thruster transports. Then, bring the fuel from the surfaces to a stable storage point between the earth and the moon. The stations can also be installed in low Earth orbit, making them accessible to satellites and other spacecraft. From now on, satellites that run out of fuel are retired. Outside Earth's atmosphere is expensive Low Earth Orbit refueling can greatly improve the type of size and cost of missions in space, the commercial launch industry like SpaceX would also benefit from these refueling repositories. fuel, use of propellants and lunar base commodities may also provide a springboard for interplanetary exploration, but while there has been renewed interest in the moon, this has not been the case. easy in just 2019 missions to the moon sir both from India and Israel resulted in landing failures and the technology to mine and extract these potential reserves of water on the moon and beyond is yet to be tested but some entrepreneurs are still optimistic the answer is yes the technology exists we can put something together we can send something to the moon that can draw water so we are sort of pioneers trying to figure out what's going on on the moon what's below the surface I Bee robotics designed drills used on NASA's past Mars missions and have sampling and extraction systems on future planned missions to the moon Saturn's moon Titan, Mars' moon Phobos and Jupiter's moon Europa, We've b I've been focusing on developing high-end fully autonomous trading systems from literally the size of an iPhone to the size that won't fit inside this vacuum chamber behind me and that's why q Because NASA has long relied on their expertise, unlike your daily exercise in the hardware store, your exercises overcome the many limitations of space including extreme temperatures and low gravity, which means you have to be very, very imaginative, very innovative in solving these problems essentially trying to do what we do here on earth but with a fraction of the power with a fraction of a mass with a fraction of the volume and the drilling is unforgiving if it gets stuck if something goes wrong there is no second chance the difficulty in drilling would delay the placement of the second probe until the next day one of his innovative ideas called planet vac uses compressed gas to shoot material into a sample container, its ergonomic design allows it to be inside the foot of a module landing site and was chosen to go with NASA-funded payloads to the moon and Mars moon Phobos to extract water from the moon, they created the planetary volatiles extractor or P vex and it not only drills but is based on a drill that extracts a cylinder of material called a coring drill but it is not just any coring drill, it is a system with heaters inside, so you drill to the required depth, you heat the material inside of a coring hole and the ice turns to steam and the steam goes up the hole to a cold finger, so that you are capturing a vapor like say in your freezer when you have condensation give X is a mining system it can actually go into the ground it can actually extract water it can actually capture this water in a separate container we have all the pieces together and we can go to the moon or mars and mine it when tested on the moon what may happen in the next few years P vex will be the first end to end mining system implemented been in space a and have even more futuristic ambitions to use the P vex drill like this one that not only draws and stores water but uses it to propel yourself like a flying kettle or extend support but Walt isn't enough it's something of James Bond is very futuristic.
who wants to be a trillionaire
It is a new concept of space exploration, the main idea is to send hundreds of cheap wine spaceships all over the solar system to provide a clear atlas of asteroids that have water resources. Develop new innovative ideas There's a strong public private partnership with NASA right now to find lenders, but we can send them twice a year, but we'll put payloads on them on payloads like lagravis instruments and also humans, we're doing that. going through very exciting times right now by awarding multiple contracts NASA reduces the cost for themselves and for the entire industry we want to have multiple vendors that compete with each other on cost and innovation reducing cost and increasing access to space and industrializing the trans star Astra with a new $2 million infusion from NASA has partnered with other space startups and educational institutions to test their process for harvesting and using water from asteroids without even touching them, optical mining is our patent-pending process to use highly concentrated sunlight or light from another source to excavate the surface without having to use excavation tools to dig into it and this is very important in space, especially for asteroids to help develop and preview. technology that they have partnered with the Colorado School of Mines is known as an optical mining testbed first they place the simulated asteroid in a vacuum chamber to recreate the conditions of space then they use liquid nitrogen to cool a surface inside the tank called cryo trap, then they turn on some giant light bulbs that mimic sunlight which they then focus into a resulting beam at very high temperatures, the light beam hits the asteroid target fractures a sample and then water and other materials are released and frozen in the cryogenic trap volatile materials were to include water methane carbon dioxide other valuable materials that are common and cheap here on earth but very valuable in space trapped in our cryogenic journey that's pretty nice the same way we would trap those chemicals in space for a real asteroid mining broadcast. it could just break when touched and there is no drill to get stuck but to make this work they are targeting smaller beach ball sized asteroids for their demo shot model with plans to accommodate finger sized rocks cubical and larger tennis court in future models, we think the right thing to do is to meet the rotation of the asteroid and place a pocket of thin filmaround it, cinch it back down and then D rotate the asteroid and now you have the asteroid in a container so you can work with it in a handy way.
Trane's Astra believes that collecting water on asteroids will not only make space travel more affordable for private industry, but will make NASA's proposed missions to take astronauts to the moon Mars and even to asteroids are possible within a budget that the US Congress period of only 20 years or so by leveraging asteroids now what's really cool is that by using a public-private partnership and working with companies like trans Astra, the infrastructure for space resource harvesting and commercial transportation in space can be developed by NASA doing this way and NASA becomes the first user of these resources and this infrastructure for their exploration missions then that infrastructure is left behind f o industry and that it can create massive industries in space as it even becomes profitable to build a trans space hotel Astra and its transcendent partner dental will have a two-year contract with NASA to build that prototype asteroid mining and space shuttle called the mini be to provide optical mining in space we live in a very exciting time where we are going to be able to bring that into space and the resources of pace are literally limitless and those limitless resources are what some universities are betting on in the Colorado School of Mines where trans Astro does their optical mining research they now offer a graduate degree in space resources our space resources program is the first of its kind in the world it is anticipated that there will be an increasing number of jobs directly in space resources but the skills and practices of space resources can be applied to many other things and a great benefit to space mining research is that much of this technology can be beneficial here on earth, like your 3D printer using matte rials on the Moon or Mars to make structures and is modeled after startup icons 3D printer used to make houses on Earth its penetrator is a tool on the end of a robotic arm being developed to take measurements on the moon that has applications for mining companies is and even a lunar test bed rover that can drill and search for resources has its benefits there are places on earth where mining companies and equipment manufacturers are looking to apply intelligent robotic systems in land mines that they might go to places that are not safe for humans, they might work in toxic environments much more confined than a person could and one country is doing exactly that and hopes to harness its expertise in robotic systems to mine remote and inhospitable places that are all more like Mars, recently the administrator of NASA when the The head of the Au Space Agency The straliana visited said that the US is looking at Australia to do development in this area of ​​resource extraction in space.
One of the reasons why we in Australia want to go into this area is because of the strength of our mining industry and the The strength of our mining automation and the strength of our mining research we see as a way Australia can establish a niche space capability Australia's high wages of course some of the world's largest mining operations seek cost savings through using automation Rio Tinto, the world's second-largest mining company, has set up operations in Australia, with fleets of autonomous truck drills and even the first network of driverless freight trains, adapting these technologies could prove useful for space programs and the use of space mining technology, such as robotics, would be useful on Earth.
The University's Australian Center for Space Engineering Research. of New South Wales in Sydney was founded in 2010 and has 15 PhD graduate students currentl researching the space back home companies related to Australian needs and experience, what we are trying to do at the moment is reduce the perceived risk by a large mining company, for example, when they approach this type of company, I think one of the main reasons why land mining companies should be looking at this issue is that they will benefit their land operations by learning some of these lessons, so if you look at the way you need to automate on the moon that will help your ground operation if you look at the way you would analyze the risk for this type of mine they should learn new lessons that should hopefully flow into their analysis of risk for land lines, although mining companies have experience in land mining and monetary advantages, only time will tell who will be the first to provide a gas station in space in terms of making it happen I don't actually think it's a startup I don't think it's a space agency and I don't think it's a mining company a big company but I think that it will be a big company probably driven by a high net worth individual a company like Blue Origin SpaceX such a company not necessarily then but something like that showing that this type of mining is feasible could trigger an influx of for profit migrating companies from earth only an industry that would claim the vast wealth of space is not only the universe a place for exploration private companies is a new resource the key that will unlock new possibilities in the manufacture of technology live and work both at home and beyond of the Earth and all this will be the result of our next great leap

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