Will asteroid mining be profitable?

For a commercial venture it can be profitable as long as the revenue earned is greater than total costs (costs for extraction and costs for marketing). The costs involving an asteroid-mining venture have been estimated to be around US$100 billion in 1996.

Is asteroid mining legal?

Currently, there is no international space law or treaty that explicitly prohibits the commercial use and extraction of space resources. Under the Act, U.S. citizens including commercial entities are now entitled the explicit right to own resources extracted from space, including asteroids.

How do you sell an asteroid?

Press [F] when prompted to claim the asteroid. Press [F] after claiming for the option to “Found Mine” or “Sell Asteroid”.

What are the benefits of asteroid mining?

How will asteroid mining benefit humanity? Water resources: enabling the large-scale exploration of the Solar System. Metal resources: for use in the growing Earth economy. Scientific knowledge: via spacecraft that are dramatically more cost-effective than current systems.

Should investors invest in asteroid mining?

Investing in Asteroid Mining is an important strategy for Space Ventures Investors, and our view on how and where to proceed is shaped in part by our own Space Commerce Road Map and our following moderate projections on how the business will evolve.

Will there ever be a Seperator technology for asteroids?

Frederick Mikkelsen from 2018 on Quora, laid out a frame work for corporations to follow. and pushed “grinder seperator technology” for asteroids, but there are bigger technical hurdles than seperator tech . Its going to take technology transportation beyond the SLS]

Do you need to invest in gold and silver?

If it’s going to happen and you’re a world-level investor, you need to invest. If it’s possibly going to happen, you still need to hedge risk. If gold and silver are just laying around, whoever gets it will have a very distinct economic advantage.