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Asteroid mining is the hypothetical extraction of materials from asteroids and other minor planets, including near-Earth objects. [1] Notable asteroid mining challenges include the high cost of spaceflight, unreliable identification of asteroids which are suitable for mining, and the challenges of extracting usable material in a space environment.
NASA has a spacecraft en route to asteroid Psyche, which is orbiting the Sun between Mars and Jupiter, but it won’t get there until 2029.By some estimates, the iron in the 140-mile-wide metal ...
AstroForge's ultimate goal in the field of asteroid mining is the extraction, refinement, and sale of platinum-group metals (PGMs) located within M-type asteroids near to Earth. These asteroids are expected to be quite small in comparison to main belt asteroids, being anywhere from around 20 to 300 meters in diameter.
The second moon that Earth has captured in its orbit this month is an asteroid called 2024 PT5. Mini-moons like this could be ideal targets for asteroid mining to send humans deeper into space ...
In June 2016, the country set aside €200 million ($223 million) to fund these projects and introduced a law to give clear legal guidelines for commercial asteroid mining. Likewise, the United ...
[3] Some scholars [4] argue that the United States recognizing ownership of space resources is an act of sovereignty, and that the act violates the Outer Space Treaty. [5] [6] [4] [7] [8] This has created a controversy on claims and on mining rights for profit.
Ceres is a dwarf planet and the largest body in the asteroid belt. [19] As it is cryovolcanic, it has potential for asteroid mining of resources for colonization. Its gravitational pull is stronger than other bodies in the asteroid belt, making surface colonization a more realistic possibility. [citation needed]
In April 2020, the U.S. Executive Order 13914 clarified the position of the U.S. government on the use of space resources and how the United States will foster the commercial development of space resources. [7] [8] “Americans should have the right to engage in commercial exploration, recovery, and use of resources in outer space,” the order ...