SPACE MINING

I am writing this article from the data I have collected and from what I have understood after analyzing maximum number of detailed sources for a better understanding.

Nobody can disagree that the earth’s population is increasing while the resources grow thin. Well it’s actually ok people. We can start mining the the whole solar system and we are going to begin as early as 2025.

A group of wealthy, adventurous entrepreneurs and their new venture called Planetary Resources, Inc., which plans to send swarms of robots to space to scout asteroids for precious metals and set up mines to bring resources back to Earth, in the process adding trillions of dollars to the global GDP, helping ensure humanity’s prosperity and paving the way for the human settlement of space.

The democratization of Space seems to be on its way as terrestrial planets, gas giants, Trojan asteroids, and a range of other bodies orbiting the Sun are now beginning to be explored for precious metals by pioneers. This will help us prepare for what the future may hold for humans.

Precious metals have influenced the course of recorded human history, and today and coming tomorrow will likely not be any different. Nations today feel that there are not enough precious metal resources on earth to meet everyone’s needs and that we need to look to space to meet our existing and emerging needs on earth.

Moreover, the dooming belief that everything we hold of value on earth is in finite amounts is now being questioned; as metals, minerals, energy sources and more are literally in near-infinite quantities in our solar system. Understandably, the human exploration horizon is now expanding to space.

Today, there are visible signs emerging from across nations that mining asteroids for precious metals are becoming a realistic goal. However, the question remains whether we have the technology and means for space mining, whether space mining is a viable industry and whether nations are prepared for what is to come.

While space technology advances could end the scarcity of essential minerals as we know it, the democratization of space and asteroid mining will also likely bring complex conflicts and challenges. It is important to evaluate its security impact on cyberspace, geospace, and space (CGS). Now is the time to talk about Space Mining Risks!

– Manimozhi Ilango