All indicators suggest that Asteroid Mining will become mainstream in the foreseeable future. Hence, those individuals, companies and nation states that avail themselves of this inevitability will enjoy the significant projected financial rewards.
Space:-
s the boundless three-dimensional extent in which objects and events have relative position and direction.Physical space is often conceived in three linear dimensions, although modern physicists usually consider it, with time, to be part of a boundless four-dimensional continuum known as space time. The concept of space is considered to be of fundamental importance to an understanding of the physical universe. However, disagreement continues between philosophers over whether it is itself an entity, a relationship between entities, or part of a conceptual framework.
Asteroid mining is the exploitation of raw materials from asteroids and other minor planets, including near-Earth objects.
Minerals can be mined from an asteroid or spent comet then used in space for construction materials or taken back to Earth. These include gold, iridium, silver, osmium, palladium, platinum, rhenium, rhodium, ruthenium and tungsten for transport back to Earth; iron, cobalt, manganese, molybdenum, nickel, aluminium, and titanium for construction.
Due to the high launch and transportation costs of spaceflight, inaccurate identification of asteroids suitable for mining, and in-situ ore extraction challenges, terrestrial mining remains the only means of raw mineral acquisition today. If space program funding, either public or private, dramatically increases, this situation is likely to change in the future as resources on Earth are becoming increasingly scarce and the full potentials of asteroid mining—and space exploration in general—are researched in greater detail. However, it is yet uncertain whether asteroid mining will develop to attain the volume and composition needed in due time to fully compensate for dwindling terrestrial reserves.
Students who recently participated in the Caltech Space Challenge share their ideas on how the Moon could be mined for fuel. This would help support missions into deep space by lowering the cost and increasing the frequency of trips.
