>We’ve already identified an asteroid worth $700 quintillion in precious heavy metals. Psyche 16, taking up residence between Mars and Jupiter and carrying around enough heavy metals to net every single person on the planet close to a trillion dollars.
>Can we actually extract this space gold?
>Yes, there is already a global market for asteroid mining, and Allied Market Research estimates that it will top $3.8 billion by 2025.
>They’re counting ongoing and future space missions, the rise in inflow of investments in space mining technologies, and the growing use of print materials obtained from asteroids in 3D printing technology.
>According to Allied, while the spacecraft design segment of this market accounted for four-fifths of the total revenue in 2017 and is expected to continue to dominate through 2025, the big change here will be in the space mining segment, or the “operation segment”. That segment is expected to grow at a CAGR of over 29% by 2025 “due to a surge in investment by public and private stakeholders in space mining technologies for resource exploitation”.
>“You can’t just think of space mining as something that will suddenly happen in 25 or 50 years,” says EuroSun’s Moore.
>“It’s already happening from an investment perspective. And the Asteroid Belt is just one aspect of this market. The entire global space market is worth hundreds of billions already.”
>Indeed, Morgan Stanley estimates the global space economy to be worth $350 billion today. By 2040, it will be worth a cosmic $2.7 trillion.
How are they going to send huge drilling equipment to space when NASA is already having trouble sending James Webb telescope which is just as big as a regular BMW?
Blake Perry
Checked and can confirm will spend link profits on mining space gold
Jack Sanchez
Space exploration so far has been a bunch of scientists fucking around with experiments. If private enterprise is motivated by profit, then space exploration really kicks into gear.
James Watson
Didn't you watch Armageddon starring Bruce Willis? That documentary basically was made 20 years ago or something, it's easy as fuck.
Blake Miller
this is pretty bullish for gold. this article must only exist to try to shake gold out of the lowest IQ hands who bought it in 2011-2012 and thought obama was going to send people to FEMA camps. I mean I'm no scientist but nothing with practical implications is going to come from this other than what it could do to peoples' perceptions
Jaxon Nguyen
>tfw the following pasta wasn’t a meme
>the year is 2025 >smartcontracts are in the middle of a mass adoption craze >chainlink is the preferred oracle across multiple large markets >chainlink is $5000 a token >you're running a massive node and have been running one since some of the early days of linkpool >gain multiple links a month, passive income of tens of thousands of dollars >your victorias secret model wife has just put your children (chad, felicity, and serendipity) to bed >she rides your dick hard like a gymnast every night - you both cum multiple times on a regular basis, sex life is great >you descend into your oxygenated cryochamber to sleep and regenerate for the night >caviar for dinner every day, champagne with every meal >your doctor has prescribed a new high tech version of ecstasy for you - every day is bliss >you will have enough capital to go on in the future and invest in companies that will mine asteroids, planets, and harness energy from stars >you will amass enough wealth to have a seat at the table of the intergalactic elite and play spacegolf with japanese aliens and talk about the spacemarket
Parker Howard
>be space mining company >lets spend 1T dohllars to bring back 83M times the total amount of gold that exist >lets make gold as common as sand >by doing this we will profit >lets spend 1T to sell sand
common core math was a mistake.
Jeremiah Wright
tfw transcend all of this daily because I'm the human incarnation of the particle from which all reality sprung forth. When I sleep at night I basically am the astral plane
Alexander Powell
>>>>INSURE GOLD IS RETURNED FOR PROFIT >>>>ALL OTHER CONSIDERATIONS SECONDARY >>>>CREW EXPENDABLE
Cameron Bennett
It's only worth $700 quintillion in theory. Cause if they managed to mine it, it would crash the prices, and then it won't be worth the same.
Nolan Davis
>be space mining company >see how important gold is in making shielded circuits and electronics for spacecraft and equipment >spend 1T dollars to bring back 83M times the amount of gold that exists >by doing that we now have control over humanitys conquest of the stars considering that they will need our endless amounts of gold to build the ships and equipment needed to colonize and build stations and mass produce ships >by doing this we profit >lets spent 1T to control humanities future or atleast have a massive profitable stake in it
not poo'ing in a loo was a mistake
David Lee
not to mention that huge chunk of gold floats out there for a reason in a greater sense of unity across our solar system and removing it is essentially like plucking a resistor(or capacitor) from a circuit blindly without knowing what it does.
Considering how gold is mostly used in semi-conductors on earth I would imagine something with Jupiter's gaseous make up will get fucked up and potentially lead to the whole planet exploding
Hudson Evans
or you know, gold will shift from a scarcity based price point to a use based price point as it will be needed en masse for building ships and just about everything that goes to space
sounds great. I nominate they use your money for this project. by force.
Xavier Ward
how fucking retarded are you, oil is still more or less scarcity based price wise since we only have so much of it, it will be similar to oil as we will find both in space and both will shift to a true use based price point, just as everything will.
there will be no more diamonds priced for scarcity
no more rubies
everything will be priced for the purpose it fits and sold as such
>and you're all fools if you dont invest into space mining
Juan Phillips
imagine being this retarded take yourself and your shit jokes and memes back to rebbit, noone is giving you updoots here
Liam Bell
>be triggered commie >get btfo when your marx LVT proven a sham >chimp out like nigger in public
Nicholas Hill
>since we only have so much of it >he doesn't know
Andrew Rodriguez
>be retarded plebbitor >act like a retard in a place your not wanted at all >call a literal nazi a communist because your retarded >??? >dont profit
i dont know what? that there is more oil then is officially on the books? obvious. BUT ANY FUCKING RETARD CAN FIGURE OUT THAT THE EARTH IS ONLY SO BIG AND THERE ISNT ENOUGH OIL TO POWER COLONIZING THE SOLAR SYSTEM AND BEYOND.
how does it feel to both be dumber than a retard?
Nathan Jackson
>THERE ISNT ENOUGH OIL >he still doesn't know
To create oil, all you need is pressure, or temperature, or some of both.
Parker Gutierrez
they're just going to send tugboats and redirect it towards a crash course into earth
Michael Hall
>If private enterprise is motivated by profit, then space exploration really kicks into gear. No user, you fail to look at the bigger picture here. The bigger things you send to the outer space, the bigger risk it becomes. The bigger the rocket, the more risk it is to space debris and garbage that's been traveling in our atmosphere at a speed of a railgun. Even a debris the size of an AAAA battery could punch through rockets since most rockets are made up of light metals.
A company like SpaceX could build rockets that could be immune to these debris, however they must be a size seven times bigger than the Big Ben. You need nuclear-powered fuel to make the huge thing fly. The even bigger problem is that if it fails during the flight it will fall like a miniature asteroid and if it falls to the Atlantic Ocean, it will create a huge tidal wave enough to wipe out half of Europe or wipe out the entire New York state.
It's a dangerous work user, that could lead the destruction of the entire planet. I work at a company supplying metal parts to NASA and the guys working at NASA told me that the standard rockets being launched right now is the limit, and if they make it bigger it could kill the entire planet if it falls into the ground like a fly.
BASED AND WHITEPILLED
James Thomas
>waahhhh...wahhhh....wahhh....!! >invest in babies jew asteroid mining scam >wahhh!! >i cant control who my wife fuks so i'll run away to space >wahhhh....wahhhh fag baby
Benjamin Morgan
>HURR GUIZ LETS JUST USE TONS OF ENERGY PRESSIN FOSSULZ AND RAWKS TOGETHUR HURRRRRRRR >USING ALL DIZ ENURGY IS WEY SMARTUR DEN JUS MINING OIL FROM THE FUCKING ASTEROIDS WERE ALREADY GOING TO BE MINING FOR PRECIOUS METALS
the fucking idiocracy is astounding
you really need to go back to rebbit.
Chase Flores
>the guys working at NASA told me that the standard rockets being launched right now is the limit
That's because of the rocket equations, you pusnut.
Connor Anderson
kill yourself and go back to rebbit in reverse order., noone wants you here.
Xavier Williams
>Spending your own energy to do it
There are none so blind as those who refuse to see, I guess. You'll eventually figure it out when they cover it in TIME or whatever normie rag you jerk off to.
Jason King
>wahhh!!!! >leave me alone!!! >dont talk to fag baby anymore!!!! stop projecting jamal.
Aiden Perry
>That's because of the rocket equations Duh, that's what the equations are for. Scientists just don't fly rocket because it's "hip and cool", these rockets are extremely fragile and a simple error on the equation could lead a huge loss in life. Not to mention, the bigger the rocket, the easier it is to target from the ground (ie. North Korea or Afghanistan)
Carter Long
when do you think they'll adopt disks or triangular shaped rockets rather than cylindrical?
Brandon Robinson
>Duh, that's what the equations are for. Scientists just don't fly rocket because it's "hip and cool", these rockets are extremely fragile and a simple error on the equation could lead a huge loss in life.
It's called a monopoly, retard. >hurr durr lets just go to africa and mine all the diamonds hurr
Thomas Wright
>lets use public money to create a private monopoly hi rabbi
Aiden Anderson
Gold will never be mined from space. The minute anyone brings back any oz of gold from space the market will collapse. The only way they could do this is secretly, ie say you’re going there to mine rare earths and then sell the gold you bring back on the black market
Think about it: would central banks literally just stand by and let a bunch of companies send their holdings to 0?
Gravitational energy is still a theory on paper but we'll get there eventually.
Chase Ward
>gold
get that boomer rock outta my face, im acummulating 0s and 1s
Owen Diaz
The mistake is assuming that the drilling equipment is going to be as big as a BMW. Space miners are gonna have to be small and work as a swarm. As fucking sick as it'd be to have a giant fuckin drill plow through an asteroid, it's not yet feasible. Besides, NASA's big problem with the JWST isn't just size, it's fragility of the reflectors. I would bet that padding against vibrations is their key problem. On that front, miners would be much easier to send up.
Nathaniel Hall
On the topic of triangular or disk shaped space craft, I know we could get it to launch with cylindrical rockets attached just to get out of earth's atmosphere. Perhaps after flying some in space we could gain some insight on how to take it from theory to practice.
Aaron Hernandez
just make it boomerang shaped so you don't have to use fuel for the trip back
Brandon Anderson
Exactly, like how the Incas taking all their gold out of the earth caused the Andes to collapse into the ocean and the Amazon to start emitting electrical infetterence.
James Thompson
There hasn't been a cancer as big as linkies on Jow Forums before. Every fucking discussion that could be useful/insightful is hijackrd by these faggots barfing their inane thoughts and forced memes all over the thread. Fucking hell.
Ps. Is space mining already investable?
Jayden Carter
LMAO FUCKING RETARDS SPACE ISN'T REAL >imagine falling for the brainwashing
it's funny and I also don't know if it would work. Good post. >imagine the space craft spinning like a boomerang with a cylindrical cockpit that sits in a socket so that they always remain facing forward. >imagine it not having that function and instead they're constantly spinning
i didn't know about those, thanks for the intel
William Hughes
This. I'm not an astrophysics graduate, but even I know how bad it is, we will just be destroying the balance that's been protecting our planet since the early days.
Cooper Scott
you take it in pieces to a space station and assemble them, brainlet.
Ian Torres
checked based and redpilled
Ryan Adams
Doing so would take another 7-10 years and twice the budget. Not to mention three times the risk, both AI or human assembly.
Henry Walker
>he fell for the oil scarcity meme >he doesn't know it will never run out
Matthew Reyes
>THERE ISNT ENOUGH OIL TO POWER COLONIZING THE SOLAR SYSTEM AND BEYOND. thinking combustion can power us beyond the solar system. imagine being this retarded
Kevin Butler
Don't bother, I've already tried giving them breadcrumbs.
Elijah Bailey
Imagine falling for the asteroid mining meme. A pathetic attempt at FUDing metal is really all this is
Josiah Peterson
Stop making sense, go away
Caleb Fisher
Fake news
Brayden Sullivan
This is such absurd gold FUD. This should be a contrarian BUY signal. But also get some crypto, honestly diversify brainlets.
Samuel Howard
>dont buy gold goyim...we are about to mine an asteroid >we jews only buy gold for religious purposes...you smart goyim should stick to uber stock >hahaha
Austin Cox
you build it in space retard
Blake Bennett
7-10 years or never, brainlet
Jonathan Myers
>2040: boomers build automated spinning space miners and brings 100 quintillion of each metals to earth per year >gold value drops 99% bitcoin value increases 9999%
>Yes, there is already a global market for asteroid mining, and Allied Market Research estimates that it will top $3.8 billion by 2025. It doesn't make sense though
If Gold is going to be worthless because we can mine trillions from space, why would there be a business around it? Once ONE successful mining operation goes on, even for a minuscule amount, the price of Gold would crash therefore putting themselves out of business lol
James Cox
It is but only for the rich who use it as a tax scheme. There’s are a reason why Luxembourg is the space mining capital of the world because all the richfags want to cheat their way out of paying taxes. The two flagship companies that were into space mining have essentially been closed down because space mining won’t be achievable without space infrastructure.
Luke Jackson
In that scenario gold will be a industrial metal and have the same price point as iron or copper today. Money can be made but the real problem is that space mining won’t be happening anytime soon.
well, if the gold amount is multiplied by 10000 and the value divided by 10000, if they bring back enough it's still profitable because gold is still a ressource, meaning it has some uses. gold will never cost 0 because energy is not infinite in our universe as far as we know. btw a natural ressource is a very bad store of value for an advanced civilization
NASA which is the Hebrew word for deception, can’t even get out of low space orbit, the truth is this probably doesn’t even exist, space is fake, aliens are fake, God is real
Luke Bell
Yeah even if they brought back a small amount it becomes "its only a matter of time now"
The day that mining gold from asteroids and crashing entire gold market bankrupting some of biggest businesses on earth but it still being profitable enough to continue mining for industrial purposes is probably hundreds of years away
Landon Gutierrez
maybe, maybe not, the fact is that gold won't stay expensive forever
