Asteroid Mining is a Real Possibility

I recently read an article about asteroid mining and had the thought: “I hope they don’t get that working before my novel is done”.  I know the ideas for space mining are not new, but since it plays such an integral part of my sci-fi story, I feel a bit of a kinship to them.

The plan – (taken from: Space.com)

The company is not ready to break ground on an asteroid just yet. Before that can happen, it needs to do some in-depth prospecting work.

Of the roughly 8,900 known near-Earth asteroids, perhaps 100 or 150 are water-rich and easier to reach than the surface of the moon, Anderson said. Planetary Resources wants to identify and characterize these top targets before it does anything else.

To that end, it has designed a high-performance, low-cost space telescope that Anderson said should launch to low-Earth orbit within the next 18 to 24 months. This telescope will make observations of its own but also serve as a model for future instruments that will journey near promising asteroids and peer at them in great detail.

The prospecting phase should take a couple of years or so, Anderson added.

“We will then, at that time, determine which of these objects to pursue first for resource extraction, and what mission we’ll be facilitating,” he said. “Before you decide where to put the gas station, you’ve got to understand where the trucks are going to be driving by.”

Mining activities will be enabled by swarms of unmanned spacecraft, according to company materials. Planetary Resources will focus on near-Earth asteroids, with no immediate plans to extend its reach to the asteroid belt between Mars and Jupiter or to the surface of the moon, Anderson said.

He declined to estimate when Planetary Resources would begin extracting metals or water from space rocks, saying there are too many variables to lay out a firm timeline. But a recent study sponsored by Caltech’s Keck Institute for Space Studies estimated that a 500-ton near-Earth asteroid could be snagged and dragged to the moon’s orbit by 2025, at a cost of about $2.6 billion.

Whatever Planetary Resources’ exact schedule may be, Anderson said the company is already well on its way to making things happen.

“We’re out there right now, talking to customers,” Anderson said. “We are open for discussions with companies — aerospace companies, mining companies, prospecting companies, resource companies. We’re out working in that field, to really open up the solar system for business.”

I sure hope that this actually takes off because I await the interplanetary highway opening to public transport. I will be one of the first on it…I hope. Nevertheless, I am excited about the progress. I feel that we have a very long way to go and should be further along than we are now.

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2 thoughts on “Asteroid Mining is a Real Possibility

  1. I do believe all of the ideas you have offered on your post. They’re really convincing and can definitely work. Still, the posts are very brief for newbies. May you please lengthen them a bit from subsequent time? Thank you for the post.

  2. Exponential does not begin to describe the speed at which technology is progressing. Truly amazing stuff.

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