Posts Tagged ‘near earth’

Asteroid and Moon Mining

Written by Michael Awada on . Posted in Business, Technology

moon mining

Forbes covered a story this week about a dream team of billionaires looking to space for the next gold rush, and potentially trillions of dollars in untapped resources. The group is headlined by Google mainstays Larry Page and Eric Schmidt, along with James Cameron (fresh off his journey to the center of the Earth) and space enthusiast and entrepreneur Peter Diamandis.

Author Brian Caulfield speculates that this group has come together to mine asteroids, looking for precious metals that are essential to the electronics that have come to dominate our world. NASA has already demonstrated the ability to land a probe on an asteroid. A formal announcement of the groups intentions is expected on Tuesday of next week, and you can expect it to be major news.