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Stories Stories Technology New asteroid gold rush ‘could earn everyone on Earth £75 billion’

New asteroid gold rush ‘could earn everyone on Earth £75 billion’ New

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Written by jonathan     June 12, 2018    
 
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The world’s first trillionaire won’t come from cryptocurrency or some clever new app – he or she will become rich from asteroid mining.

That’s what bankers Goldman Sachs reckon, anyway – and several companies are now vying to be the first into space. 

NASA estimates that the total value of asteroids out there could be up to $700 quintillion – equivalent to £75 billion each for us here on Earth. 

Precious metals 

Several companies are now buidling the machines which will take us there – including Deep Space Industries, which is building a steam-powered thruster for spacecraft, the Guardian reports.

British company AMC (Asteroid Mining Corporation), hopes to send tiny spacecraft out to grab platinum (common in asteroids, and very pricey on Earth) and then use the metal to finance bigger missions. 

American companies such as Planetary Resources – backed by Titanic director James Cameron – are already planning to send robotic vehicles to mine precious metals and rare resources from asteroids. 

Some have predicted that the mineral wealth is so vast it could destroy our world’s economy.

Read Full Article: New asteroid gold rush ‘could earn everyone on Earth £75 billion’ 

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Deep Space Industries, Bering Drive, San Jose, CA, USA
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Rob Waugh
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