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Old 04-26-2012, 10:44 PM   #1
Anenome
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Exclamation The New Gold Rush: Asteroid Mining



The world's richest man is worth about ~$70 billion. The world's richest company is worth ~$500 billion. The world's richest economy generates ~$12 trillion each year. The gross domestic product of the entire world is ~$63 trillion. And when newly revealed asteroid-mining company Planetary Resources docks with their first mining target, an asteroid known as Amun 3554, they will effectively be worth $20 trillion. The new gold-rush is space.
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Amun is a goldmine — well, not gold so much. But it does contain a cool $8 trillion worth of platinum, an essential precious metal used in everything from jewelry to fuel cells to computers (and one that’s currently trading at the same rate as gold — $1500 an ounce.) On Earth, only a few hundred tonnes of the stuff are produced every year.

The $8 trillion figure is an estimate based on observations by John S. Lewis, professor of planetary science, author of Mining the Sky: Untold Riches from the Asteroids, Comets, and Planets, and now a consultant to Planetary Resources. He also found Amun 3554 to contain another $8 trillion in iron and nickel, and a mere $6 trillion worth of cobalt. So, the total payout from one unassuming asteroid? $20,000,000,000,000.

That’s what got Planetary Resources co-founder Peter Diamandis so excited. “There are $20 trillion checks up there waiting to be cashed.”
(via Mashable)
The best part: experts estimate there's about 900,000 more asteroids out there, and Amun is one of the smallest >_>
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Old 04-26-2012, 11:52 PM   #2
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Sounds highly suspect.
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Old 04-27-2012, 12:00 AM   #3
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Is this ME related? How is this newsnews? Does this mean I will have to build a spacestation/island? :P
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Old 04-27-2012, 12:24 AM   #4
Anenome
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I tossed this article up here because it's freaking awesome and about space, and thus totally nerdcore.
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Sounds highly suspect.
It does seem like a science fiction story or an april fool's joke or something--that's what's so awesome about this. It's genuine.

There was always going to be some point when a company came out and started mining asteroids. Well, here we are!

We've been talking about it and how it could be done for a long time. Many refused to believe the Wright Brothers had gotten a plane to actually fly for a long time as well. But, well, they did.

I tossed that first vid up there so you can get a sense of who's involved and the very real credentials they have to pull off something like this.

Here's a more introductory one:


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Is this ME related?
No.
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How is this newsnews? Does this mean I will have to build a spacestation/island? :P
It falls into the category of geek-interest-news-that's-not-strictly-about-gaming-but-so-extremely-cool-that-it-made-it-to-front-page
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Old 04-27-2012, 01:02 AM   #5
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the best thing about newsites that maintain a community is the occasional fringe article. thanks.
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Old 04-27-2012, 01:32 AM   #6
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The company's FAQ is an interesting read.
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I wonder if there would be enough digital storage space in the world if someone tried to digitize your ego -- I'm guessing no.
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Old 04-27-2012, 02:06 AM   #7
sai tyrus
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Thanks Anenome. As he said, it was only a matter of time. Read Heinlein's The Man Who Bought the Moon. It's about the commercialization of space. Great read. And in some aspects, probably revealing in how the US at least will get more involved in space.
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Old 04-27-2012, 02:26 AM   #8
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Old 04-27-2012, 05:45 AM   #9
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Quote:
“There are $20 trillion checks up there waiting to be cashed.”
I thought that this summed it up nicely.

Good read.
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Old 04-27-2012, 06:02 AM   #10
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Of course, when you dump that much platinum in the market at once, all of the sudden it's not worth $1500 an ounce any more.

How would they know just how much and what elements are there in the first place?
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Old 04-27-2012, 06:49 AM   #11
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Of course, when you dump that much platinum in the market at once, all of the sudden it's not worth $1500 an ounce any more.

How would they know just how much and what elements are there in the first place?
I have heard this argument before, and (of course) it's a legitimate concern. However, much like in other sectors, an abundance in product does not mean a flood into the marketplace. We have fuel, diamond, and gold reserves that are slowly being released into the market.
Also, "space-platinum" will (at least for a few years) hold a more aggressive value (as well as probably be marketed separately for the first 50-100 years).
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Old 04-27-2012, 06:51 AM   #12
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A bottle of Space Aquafina for $700 will be interesting, though.
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Old 04-27-2012, 07:15 AM   #13
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Begun, the space wars have...

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Old 04-27-2012, 07:20 AM   #14
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Bwahahahahaha
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Old 04-27-2012, 08:08 AM   #15
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No mention of a necromorph engagement team...kind of important....
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Old 04-27-2012, 08:55 AM   #16
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Feel like I'm finally seeing something new with the space stuff in my lifetime, awesome.
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Old 04-27-2012, 09:14 AM   #17
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They need John Carmack.
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Old 04-27-2012, 09:48 AM   #18
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Seriously cool.

Anyone know if they are public? I'd invest.
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Old 04-27-2012, 10:09 AM   #19
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Originally Posted by Anenome View Post


The world's richest man is worth about ~$70 billion. The world's richest company is worth ~$500 billion. The world's richest economy generates ~$12 trillion each year. The gross domestic product of the entire world is ~$63 trillion. And when newly revealed asteroid-mining company Planetary Resources docks with their first mining target, an asteroid known as Amun 3554, they will effectively be worth $20 trillion. The new gold-rush is space.
The best part: experts estimate there's about 900,000 more asteroids out there, and Amun is one of the smallest >_>
Ollllldddddd news. http://www.universetoday.com/37425/w...roids-made-of/
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Old 04-27-2012, 10:26 AM   #20
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