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Home / Science / According to Goldman Sachs – BGR, asteroid mining will produce the world's first trillionaire

According to Goldman Sachs – BGR, asteroid mining will produce the world's first trillionaire



There are many ways to make money here on planet Earth, but the world's first trillionaire will make his fortune in space. That's the prediction of Goldman Sachs, who sees space mining as the next limit in asset accumulation. According to the investment and banking firm, technology is approaching a point where mining asteroids are approaching feasibility, and the first firm to leap will be rewarded with riches beyond their wildest dreams.

Mining valuable materials here on earth has a lot of legal hurdles, but legislators are paving the way for asteroidal degradation in the expectation that it will become a viable business. The EU already has a legal framework that allows companies to claim material from asteroids as their own and to collect any revenue they can bring back to Earth.

"While the psychological barrier to asteroid mining is high, the actual financial and technological barriers are much lower," explains a Goldman Sachs report. "Prospecting probes can probably be built for tens of millions of dollars each, and Caltech has proposed that a spacecraft taking up asteroids could cost $ 2.6 billion. "

As you can imagine, the prospect of asteroid mining is being pursued by several private companies hoping to save money. As noted by RT a pair of companies ̵

1; Deep Space Industries and Planetary Resources – are pushing ahead with their plan to mine asteroids and working with the Luxembourg government to create a reality. The country has helped finance research into the technologies needed to develop the asteroid target, and in return received equity in the companies.

Deputy Prime Minister Etienne Schneider is optimistic about the outlook for private companies It is big in space mining. "Our goal is to create an overall framework for the exploration and commercial exploitation of resources from 'celestial bodies' such as asteroids or the moon," he said.

There is obviously a lot of interest from many parties, but so far no actual asteroid mine mission has been planned. Building a spaceship is not an easy task, and there are still many technological hurdles to overcome before the world's first asteroid-exploiting trillionaire is crowned.


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