The Future Of The Space Economy | CNBC Marathon
CNBC・2 minutes read
Asteroids hold significant value in resources like platinum, prompting companies like TransAstra and Astroforge to develop technologies for space mining. Challenges faced include legal uncertainties, high extraction costs, and the difficulty in selecting suitable asteroids for mining.
Insights
- Asteroids hold vast resources such as platinum worth billions, supporting a trillion-person population, but space mining for precious metals may not be economically viable due to high extraction and transportation costs.
- Emerging companies like Astroforge aim to mine rare earth elements in space, utilizing innovative technologies to extract valuable materials efficiently, addressing Earth's scarcity issues, and planning test missions before official mining missions in 2025.