Fast forward to 2022, and both Planetary Resources and Deep Space Industries have been acquired by companies that have nothing to do with space mining. Humanity has yet to commerciallySpace mining is a long-term undertaking and one that investors do not necessarily have the patience to support.
This has not dissuaded Sercel from trying to mine the cosmos. TransAstra will initially focus on mining asteroids for water to make rocket propellant, but would like to eventually mine "everything on the periodic table." But Sercel says such a mission is still a ways off. AstroForge is another company that believes space mining will become a reality. Founded in 2022 by a former SpaceX engineer and a former Virgin Galactic engineer, AstroForge still believes there is money to be made in mining asteroids for precious metals.
"There's quite a few companies that make what is referred to as a satellite bus. This is what you would typically think of as a satellite, the kind of box with solar panels on it, a propulsion system being connected to it. So for us, we didn't want to reinvent the wheel there," Gialich says. "The previous people before us, Planetary Resources and DSI [Deep Space Industries], they had to buy entire vehicles.
You too busy trying to set up go get some money
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Did you know democrats plan on disrupting society ?
you have to get there first it’s not like crypto mining
Suggest they discuss it with Elon. He’ll know how/if it can be done.
Diamonds on some
Great
Space mining? Really? We are still suffering because of the crypto, meme stock and SPACs bubble and there you are, these guys are already pushing the next one
To realize what you make, it also takes from that environment in the form of waste, that mismanagement is taking place on earth, and is a reminder to learn from the mistake that a finite world grows unlimited.
Investors,get those wallets ready for today's fraud.
Bruce Wills
Would save time if you just linked to the press releases they give you to read rather than having to watch a video where you read them for us. Space mining is stupid.
Most mining companies can’t even turn a profit on earth, good luck with that 😂
This will be a sweet stock to short
The American economy. One giant scam after another.
I know a place a little closer that we can make rocket fuel
After the deluge of Crypto exchanges it’s buyer beware and be wary
A fool and his money ...
CNBC goes where no grifter has gone before.
Oh good grief. Use a bag to capture a body flying through space at 17,000+ mph.
They can not deal with the truths of the cost of mining with existing technologies on earth but they can do it out in outer space on imaginary asteroids with non existent technologies?
Are they esg?
If they are successful, it will be end of ALL wildlife. Reason: as metals become cheap, humans will multiply really fast and will need housing. 1 wildlife killer is human encroachment, not poaching
scam!
Will the space ships be self driving ?
They may have missed that US federal law says anything from space inside the USA or its economic zones offshore is property of the US government.
Please help us 🙏🏻
After the execution of MohsenShekhari, yesterday for participating a peaceful protest, now it’s time for another innocent person AliMoazzami, 20, who’s been sentenced to death and is due to be executed tomorrow morning by the IRGC. Call out his name. MahsaAmini
Why don’t you fly your butt up there and mine it.😂😂😂
Stupid IDea
seriously, did they not watch Alien?
Of course it doesn’t make sense, but the money is in the attempt to make it make sense
Mmmm
good luck
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