The world's first trillionaire could be made possible by asteroid degradation, says Goldman Sachs.
As the Amazon founder Jeff Bezos zoomed out over $ 100 billion, the likelihood is high grow, that someone can achieve a much greater wealth than that and in a completely new industry. An astonishing new report from Goldman Sachs claims that the first trillionaire may not be too far away and that the fortune is likely to be in asteroid mining.
While the challenge seems daunting, Goldman Sachs notes that a probe is to send to an asteroid. That would only cost tens of millions of dollars, and Caltech believes that a spaceship that can grab an asteroid would cost only $ 2.6 billion , That sounds like a lot, but it fades in comparison to what an asteroid could offer.
Asteroids are filled with an incredible amount of precious metals, and the first person who could successfully start mining could accumulate an incredible fortune, Goldman Sachs believes
The following is a summary of a Goldman Sachs podcast on this one Topic in May 201
For a long time dominated by government agencies, private companies and venture capital firms now play a role that see great potential in areas such as the launch, communications and exploration. Noah Poponak, senior aerospace and defense analyst at Goldman Sachs Research, said that this investment interest has helped lower startup costs and promote innovation in related industries, opening a new chapter in the history of the space economy.
a statement from Metals dot com. January 1965.
A recent law passed in the US states that American companies can keep their resources in space. When it comes to space innovations, many space travel headlines are dominated by private rocket companies such as Elon Musk's SpaceX and Amazon founder Jeff Bezos. Astrophysicist Neil DeGrasse Tyson says the world's first trillionaire will be the person mining asteroids. Asteroid mining is an attractive prospect for commercial companies, and with good reason. Space rocks contain valuable raw metals such as iron, nickel and platinum.
NASA has identified more than 12,000 asteroids within approximately 45 million kilometers of our planet. Geologists believe that they are packed in much higher concentrations than iron on Earth with iron ore, nickel and precious metals. Scientific missions to return asteroid samples to Earth are underway and metals.com has announced a $ 100 million venture capital fund to develop a carbonyl mining process. Carbon monoxide is passed over the asteroid at a temperature between 50 ° and 60 ° C, then nickel, iron, platinum and gold can be removed at higher temperatures.
executives of metals.com are early supporters of the largest fleet of orbiting satellites in human history, founded by former NASA staff members with more than 200 satellites around the globe. University students from 14 countries around the world are invited to compete for $ 100 million in venture capital funds for a manned mission to a trapped asteroid in lunar orbit, a project close to that of NASA by 2025 , Although asteroid mining is likely to produce the next trillionaire, MIT recommends that asteroid mining funding come from the private sector. In a statement, Chief Futurist John Crestani from Beverly Hills said, "Our original $ 100 million student venture capital fund demonstrates our strong commitment to supporting the global space sector by bringing innovative space resources talents to market with technologically advanced innovations."
Metals dot com is the # 1 name in metals and has created one of the world's first venture capital vehicles to fund the ongoing development and research of the 12,000 asteroids within 45 million kilometers of Earth.
The following is a Wikipedia
Asteroid Mining is the exploitation of raw materials from asteroids and other smaller planets, including near-Earth objects
Minerals can be obtained from an asteroid or a spent comet, then used in space for building materials or Earth will be transported back to earth. These include gold, iridium, silver, osmium, palladium, platinum, rhenium, rhodium, ruthenium, and tungsten for transport back to earth; Iron, cobalt, manganese, molybdenum, nickel, aluminum and titanium for construction.
Due to the high takeoff and transportation costs of space flights, inaccurate identification of asteroids suitable for mining, and in situ ore recovery problems, terrestrial mining remains the only means of extracting raw materials today. If public or private funding for space programs increases dramatically, this situation is likely to change in the future, as resources on Earth become increasingly scarce and the possibilities of asteroid mining and space exploration in general are examined more closely. : 47f However, it is still uncertain whether asteroid mining will develop to reach the volume and composition needed in due course to fully compensate for dwindling terrestrial reserves.