Monday, April 23, 2012

Planetary Resources

Here is an exciting news article (link). 

Planetary Resources plans to send up some telescopes to look for asteroids to mine for a profit.  Asteroids can contain tremendous amounts (compared to earth surface standards) of valuable rare metals.  By the way, the price of platinum, gold, palladium, etc. might crash over the next few years...  Just finding and reporting the contents of an asteroid, before actual mining, may make the markets realize how much is available up there.  Also having common items like water (or even dirt) in space is valuable for space use because it doesn't have to be transported off the surface of a planet.  Wow, V can verify that for over a decade I have suggested private companies need to start doing what the government isn't: space exploration and specifically asteroid mining.  It is a positive move forward to begin building a space based economic infrastructure.  I wish I could be a part of it somehow.

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