Author: aerialmis
The Enigma of Asteroid 16 Psyche: Unlocking the Potential for Space Mining and Planetary Science
NASA’s upcoming mission to asteroid 16 Psyche could have groundbreaking implications for both planetary science and the nascent asteroid mining industry. Though valued at an astounding $100,000 quadrillion, the real treasure lies in the scientific insights it could offer.While spectroscopy and radar provide limited clues to its [more…]
Long-Awaited Psyche Mission to Explore Metal-Rich Asteroid
After a one-year delay, NASA is finally set to launch its Psyche mission to the metal-rich asteroid of the same name. The launch is scheduled for Thursday at 10:16 a.m. ET from the Kennedy Space Center and will be the first NASA scientific mission launched on a [more…]
NASA’s Psyche Mission to Metal-Rich Asteroid Sparks Conversation on Future of Asteroid Mining
NASA’s Psyche mission, set to launch on October 12, 2023, is the first of its kind to study an M-type (metallic) asteroid, known as asteroid 16 Psyche. This mission aims to uncover secrets about our Solar System’s formation and evolution, but it’s also fuelling interest in the [more…]
Earth and Space Mining Sensors Market Expected to Reach $1.81 Billion by 2027
The Business Research Company’s “Earth and Space Mining Sensors Global Market Report 2023” predicts the market will grow to $1.81 billion by 2027, with a CAGR of 7.8%. The report attributes this growth to rising demand for metals and minerals and forecasts North America to hold the [more…]
Comprehensive Analysis Analyzes the Future of Space Mining Industry
A new white paper offers valuable insights into the burgeoning industry of space mining. The research covers key topics, including the unique challenges and safety considerations of extracting resources like water ice, precious metals, and rare earth elements in space. Additionally, the paper explores the legal landscape [more…]
Unlocking Space Mining’s Sustainable Growth Potential
A recent paper outlines key areas for future research to better understand the implications and potential of space mining for sustainable growth on Earth. These areas include the development of more comprehensive growth models, understanding the optimal sequence of mining and processing in space versus Earth, and [more…]
North America Leads in Space Mining Market; Type C Asteroids and Platinum Group Materials Dominate Targets
In 2020, North America held the largest share of the global space mining market, accounting for around 51.11% due to increased government and private sector investment. Type C (Chondrite) asteroids were the most targeted, comprising about 56.51% of the market share. These asteroids make up over 75% [more…]
Harvesting Gold from Asteroid Psyche Could Be Economic Boon, Not a Bust
Contrary to popular belief, harvesting gold from the asteroid Psyche wouldn’t lead to an economic collapse. Psyche contains about $10,000 quadrillion worth of gold, which could make gold nearly worthless if brought to Earth. However, this article argues that cheap resources, similar to how aluminum became an [more…]
AstroForge Gears Up for Groundbreaking Mission
AstroForge, a California-based startup, is set to launch its Brokkr-2 spacecraft in the first quarter of next year, aiming to be the first private company to explore an M-type asteroid in deep space. This mission is crucial as M-type asteroids contain higher concentrations of metals compared to [more…]
AstroForge Clears Key Milestone with Successful Hot Fire Test
AstroForge, an asteroid mining startup, has successfully completed a hot fire test for its Brokkr-2 surveyor spacecraft, setting the stage for a scheduled launch in the first quarter of 2024. The spacecraft will be launched on a Falcon 9 rocket and is part of Intuitive Machines’ second [more…]