Who Wants To Be A Trillionaire?

I earn gold Copper minerals 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 also carries an increasingly critical environmental cost that may require us to think about off-planet solutions before it is too late. The asteroids, moons, and planets of our own solar system contain an essentially unlimited supply of untapped resources. The first

trillionaire

s will be those who extract resources from asteroids such as gold, platinum and rare earth metals. Asteroids have an incredibly high price, but the most valuable items may be the most basic.

What you want to mine and space is what you need a lot of, and although humans have been mining for thousands of years, mining in space requires innovative new technologies to do anything. Potential commercial and economic opportunities: Such technologies could allow humanity to expand its operations outside of Earth and take the next big leap. These small dots represent the millions of asteroids in our solar system. For the past two decades, government and private aerospace companies have been investigating their composition and location. and even possible profits to extract 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 that is valued at more than one hundred billion dollars and the reason for these High price tags are composed of valuable metals such as platinum, gold and iron.

We believe that asteroids have platinum group metals, rare earth metals in high percentages and it is possible that they could be found on the moon, for example, only once in the history of humanity has an asteroid sample been brought back. Earth on the Japan Aerospace Exploration Agency's Hayabusa mission in 2010 and even then the sample returned was simply dust particles and the total cost of that mission is approximately $250 million. One problem is that, compared to the Moon, there is very little gravity, so you have to somehow attach yourself to the asteroid, whereas on the Moon gravity will hold 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 no, bringing things from space to Earth only makes sense if what is recovered is extraordinarily valuable and simply not available on Earth and even returning the most valuable asteroids could drastically devalue those materials.

Take the psyche of Asteroid 16 as an example. NASA is building a probe that will launch in 2022 to study the potato-shaped objects, which are approximately 95% metals nickel iron platinum and even gold some estimates value the asteroid at 700 quintillion NASA says it may be the inner core of a developing planet that somehow lost its outer layers, offering incredible insight into how planets form if someone managed to bring large amounts of this asteroid back to Earth. the resource supply would skyrocket, meaning we would have more material than we could use, causing the price to plummet to almost zero once we surpass the rarity of a high-value metal or mineral. the value of that terrestrially could drop significantly.

Experts agree that a more likely scenario is that materials mined in space will remain in space and start a whole new money-making industry. Any spacefaring nation will have looked at what's called in-situ resource utilization, which is a common space term meaning you use resources where you are, so take that model from if you need it in space. Mining in space. What would you be mining? Mainly you need fuel. There is something else much more valuable to use in space. Which is abundant on Earth. There's no water. Only water can sustain human and plant life for future manned space missions.

The components of water, hydrogen and oxygen, can also be separated and reassembled to produce fuel. The zero-emission fuel called hydrogen fuel is the same fuel used in spacecraft propulsion and fuel cell vehicles. Hydrogen fuel research. This new space race could also drive new technologies that can help combat climate change by accelerating the elimination of fossil fuel use on Earth and there is already great demand and an immediate business opportunity for risk-tolerant companies that want make a fortune in a In a 2018 paper by industry academic and government experts, it was estimated that with an initial investment of four billion dollars in a lunar water extraction operation, which is roughly equivalent to the cost of a luxury hotel in Las Vegas, around $2.4 billion in revenue could be generated annually.

The 101st case of space mining is that if you are going to launch something from Earth, it will cost you between $10 and $20,000 a kilo to get to space, so if you need water for something in space and you can produce it for less than ten a thousand dollars a kilo then do it in space United Launch Alliance ula? They have put a price on water in space. They have said that we will give them this amount of money from water, which means that there are people who go out and try to produce. Water now has a customer: in 2016, ula announced that it is willing to pay around three thousand dollars per kilogram for talent in an orbit of less than 2,000 kilometers in altitude called low Earth orbit, compared to the estimated price of $4,000 per kilogram to deliver the propellant.

From Earth, most experts believe the Moon is a logical starting point, as it has more gravity than an asteroid, making it easier to land, and its poles are believed to contain large amounts of ice. water. That potential volume of water has made it the focus of NASA's attention. The Artemis program, which aims to take astronauts to the Moon's south pole and also make the space agency a critical first customer for any water collected on the Moon. China, India, Israel, US, Europe, now they are all focusing on the road and all these government programs. are looking to set themselves up for a water-mining future, a fueling station on the moon could ultimately make current space ventures much cheaper and make future space missions possible, although it's completely theoretical at this point, so This is how it could turn out that water is extracted on the moon and a fueling station is installed, this would provide the first customers, probably government agencies, with water for human consumption and fuel for spacecraft.

Water-derived fuel could also be collected on asteroid vehicles or propellant transports and then transport the fuel from surfaces to stable storage. The point between the Earth and the Moon can also be used to install refueling stations in low Earth orbit, making them accessible to satellites and other spacecraft. From now on, satellites that run out of fuel are out of service. The additional fuel would allow them to remain in their orbits, which would increase their useful life since using a rocket to remove fuel from the Earth's atmosphere is expensive. Refueling in low Earth orbit can greatly improve the size, type and cost of missions in space the commercial launch industry like SpaceX would also benefit from these fuel depots the use of a lunar base propellant and commodities may also provide a springboard for interplanetary exploration, but while there has been renewed interest on the moon, it hasn't been easy in just 2019, missions to the moon by India and Israel resulted in landing failures and technology. mining and extracting these potential water reserves on the moon and beyond is still unproven, 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 extract water, so we are in order. as pioneers trying to discover what's going on on the moon what's beneath the surface and bee robotics designed drills used in past NASA missions to Mars and have sampling and mining systems on future planned missions to the moon Saturn's moon Titan Moon of Mars Phobos and Jupiter's moon Europa, we have been focused on developing high-end fully autonomous trading systems, from literally the size of an iPhone to the size that can't fit inside this vacuum chamber behind me and that's why NASA has long relied on its expertise, as opposed to the everyday.

Drill from the hardware store, their drills overcome the many limitations of space, including extreme temperatures and low gravity, which means you have to be very, very imaginative, very innovative to solve these problems. Basically you try to do what we do here on Earth but with a fraction of the power with a fraction of the mass with a fraction of the volume and the drilling is relentless if you get stuck if something goes wrong there is no second chance the difficulty in the drilling would delay placement of the second probe until the next day one of his innovative ideas called planet vac use compressed gas to shoot material into a sample container, its ergonomic design allows it to be inside the foot of a lander and was chosen to going with NASA-funded payloads to the Moon and Mars' moon Phobos to mine and extract water. on the moon they created the planetary volatile extractor or P vex and it not only drills but extracts, it is based on a drill that removes a cylinder of material called a coring drill, but it is not just any coring drill, it is a system with heaters inside, to drill to the required depth, heats the material inside a coring hole and the ice turns into steam and the steam rises up the coring hole until it becomes a cold finger, so it captures what is a vapor, for example, in your freezer when you have condensation, gives X is a mining system that can actually penetrate the ground, can actually extract water, you 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.

When tested on the moon, which may happen in the next few years, P vex will be the first end-to-end mining system deployed in space and they have even more futuristic ambitions to use the P vex drill like this one. it only extracts and stores water but uses it to propel itself like a flying kettle or to extend support but Walt is not enough it is something from James Bond it is very futuristic it is a new concept of space exploration the main idea is to send hundreds of low-cost aircraft ships throughout the solar system to provide a clear atlas of asteroids with water resources.

Bee robotics is one of the many startups that NASA depends on to develop innovative new ideas. There is a strong public-private partnership with NASA right now. We agree with the lenders, but we can ship twice a year, but we will put payloads on them like lagravis instruments and also humans. We're making it. It's happening right now in very, very exciting times by awarding multiple contracts. NASA reduces the cost to themselves. and the entire industry we want to have numerous suppliers that compete with each other on costs and innovation, reducing costs and increasing access to space and industrializing the star star Astra with a new injection of 2 million dollars from NASA has partnered with others space startups and educational institutions to test their process for collecting and using water from asteroids without even touching them.

Optical mining is our patent-pending process for using highly concentrated sunlight or light from another source to excavate the surface without having to use excavation tools to dig. in it and this is very important in space, especially for asteroids, to help develop and the previous technology have been associated with the Colorado School of Mines. It is known as an optical mining testbed. They first placed the simulated asteroid in a vacuum chamber to recreate the conditions. from space then use liquid nitrogen to cool a surface inside the tank called a cryogenic trap, then turn on giant light bulbs that mimic sunlight, and then focus them into a beam that generates very high temperatures.

The beam of light hits the asteroid target and fractures. a sample and then the water and other materials are released and frozen in the cryogenic trap. Volatile materials were to include water, methane, carbon dioxide, other valuable materialswhich are common and cheap here on Earth, but very valuable in space trapped in our cryogenic journey. This is a lot. It's nice in the same way we would trap those chemicals in space for real asteroid mining. Optical mining derivation is a daunting task - trying to land on an object with such low gravity that it could simply break apart when you touch it and there's no drill to potentially get stuck - but for this to work, they're targeting smaller asteroids. about the size of a beach ball for its demonstration model making with plans to accommodate rocks the size of a cubic tennis court and larger in future models, we believe the right thing to do is to do encounter with the phosphor rotating asteroid with it, put a thin film bag around it, close it down and then spin the asteroid and now you have the asteroid in a container so you can work with it in a practical way.

Trane Astra believes that collecting water on asteroids will not only make space travel more affordable for private industry, but will also make NASA's proposed missions to land astronauts on the moon Mars and even asteroids possible within From a budget that the US Congress may be willing to provide, we can cut hundreds of billions. of dollars and, in fact, make it possible for NASA to carry out all those exciting missions in a period of only 20 years or so taking advantage of asteroids. Now the really interesting thing is that by using public-private partnerships and working with companies like trans Astra the infrastructure for space resource collection and commercial transportation in space can be developed, so if NASA does it this way way and NASA becomes the first user of these resources and this infrastructure for its exploration missions, then that infrastructure is left behind for the industry and that can create massive industries.

In space, it is even profitable to build a space hotel. Trans Astra and its momentous partner will sign a two-year contract with NASA to build that asteroid mining and space transportation prototype called Mini Be to provide optical mining in space. We live in a very exciting time in which we are going to be able to carry that to space and pace resources are literally unlimited and those unlimited resources are what some universities are betting on at the Colorado School of Mines, where Trans Astro does its research in optical mining now they 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 a growing 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 the space mining research is that much of this technology can be beneficial here on Earth, such as their 3D printer which uses materials from the Moon or Mars to create structures and is modeled after 3D printer home icons. used to build homes on Earth, its penetrator is a tool on the end of a robotic arm that is being developed to take measurements on the moon and has applications for mining companies and even a rover on a lunar test bed that can drill and prospect Resources have their benefits.

There are places on Earth where mining companies and equipment manufacturers are considering applying intelligent robotic systems in land mines. They could go to places that are not safe for humans. They could work in toxic environments much more confined than that of a person. One country is doing just that and hopes to leverage its expertise in robotic systems to mine remote, inhospitable places that look a lot like Mars. Recently, the NASA administrator, when the head of the Australian Space Agency visited him, said that the US hopes that Australia will develop in this area of ​​resource extraction in space.

One of the reasons why we in Australia want to enter this area is because of the strength of our mining industry and the strength of our mining automation and the strength of Our mining research we see it as a way for Australia to establish a niche of spatial capacity. Australia's high wages, of course, some of the largest mining operations in the world, to seek cost savings through the use of automation. Rio Tinto, the world's second largest mining company, has set up operations in Australia with fleets of autonomous drilling trucks and even the first network of driverless freight trains adapting these technologies could be useful for space programs and the use of technology space in mines such as robotics would be useful on Earth, according to the Australian Space Engineering Research Center University. of New South Wales in Sydney was founded in 2010 and has 15 PhD students currently graduating researching space resource companies related to Australian needs and experience.

What we are trying to do right now is reduce the perceived risk for a large mining company, for example. When you approach these types of companies, I think one of the main reasons why land-based mining companies should consider this issue is that they will benefit their land-based operations by learning some of these lessons, so if you look at how you need to automate on the moon that will help their land operation if we look at the way they would analyze the risk for this type of mine, they must learn new lessons that should hopefully impact their risk analysis for land lines, although mining companies They have experience in land mining and monetary resources. advantages only time will tell who will be the first to provide a gas station in space in terms of making it a reality.

Actually, I don't think it's a new company. I don't think it's a space agency and I don't think it's a mining company, but I think it's going to be a big company probably driven by a high net worth individual, a company like Blue Origin SpaceX, a company like that, not necessarily back then. But something like this proves that this type of mining is feasible. It could trigger an influx of for-profit companies migrating from Earth. Just an industry that would claim the vast wealth of space. Not only is the universe a place for exploration companies. Private ownership is a key new resource that will unlock new possibilities in technology manufacturing, living and working both at home and beyond Earth, and all of this will be the result of our next big leap.