Huge asteroid with $5 trillion worth of platinum to pass by Earth

[VCheng]

It's not a problem with technology per se, but more about security hurdles, as you would be essentially bringing a planet killer asteroid close to Earth.
If anything would go wrong and it fell into Earth's gravity well (the small distances also shorten reaction times for a possible 2nd deflection).......i suppose we'd all die rich, bathed in molten platinum.

"Get rich, or die tryin'" at work, as always, just like 50 Cent says.

That is also why it may be better to bring back smaller chunks rather than the whole thing, or to stabilize it in high orbit, and mine slowly over years.

 

[India defense]

loot lo

 

[Audio]

"Get rich, or die tryin'" at work, as always, just like 50 Cent says.

That is also why it may be better to bring back smaller chunks rather than the whole thing, or to stabilize it in high orbit, and mine slowly over years.

0cent (not a typo) filed for bankrupcy.

And the adage you are using, it may work for a thug who has only himself to think about, but there's 6 billion of us here that would potentially die in "get rich or die trying".

My prediction is, nothing big will be brought close to Earth, however as time progresses, mining the asteroid belt between Mars and Jupiter and actually processing stuff there on site, to bring back in smaller quantities would become more and more viable.

 

[VCheng]

0cent (not a typo) filed for bankrupcy.

And the adage you are using, it may work for a thug who has only himself to think about, but there's 6 billion of us here that would potentially die in "get rich or die trying".

My prediction is, nothing big will be brought close to Earth, however as time progresses, mining the asteroid belt between Mars and Jupiter and actually processing stuff there on site, to bring back in smaller quantities would become more and more viable.

Yes, that is why I posted the link above. Snide remarks about USA aside, NASA is indeed working on such deep space mining technologies and over time we can expect to see useful processes come out of these projects.

 

[Audio]

Yes, that is why I posted the link above. Snide remarks about USA aside, NASA is indeed working on such deep space mining technologies and over time we can expect to see useful processes come out of these projects.

http://www.hou.usra.edu/meetings/lpsc2015/pdf/2092.pdf

 

[Donatello]

Do you post anything to justify your think tank tag? I always see you posting one liners and sarcastic posts everywhere pretty much all the time.

Sure, except you could take it literally, there are companies that are making spacecraft to prospect and mine the rare minerals from Asteroids, where the cost of extraction would be less than the selling price, plus there is always a chance you discover elements previously unavailable on Earth:
Overview | Planetary Resources

How is that for think-tank tag?

I mean, is your life so messed up that you have to post stupid stuff on PDF? I always see you posting non-sense garbage. But then one of your flags should've been a clear giveaway.

Yes, that is why I posted the link above. Snide remarks about USA aside, NASA is indeed working on such deep space mining technologies and over time we can expect to see useful processes come out of these projects.

Planetary resources is working on such concept. I believe any such endeavor should be taken by the private sector, NASA can help of course with the propulsion, but there is tons of money ready to be invested in high risk but high revenue ventures.

 

[black-hawk_101]

Why can't we bring it to earth like in Africa where there is no population. I am sure it will be good for all of us.

 

[VCheng]

Planetary resources is working on such concept. I believe any such endeavor should be taken by the private sector, NASA can help of course with the propulsion, but there is tons of money ready to be invested in high risk but high revenue ventures.

The field is potentially so large that it will likely be a combination of government and private enterprise that will bear he best results.

 

[Echo_419]

Star gazers are in for a treat, as a huge asteroid is set to pass by the Earth at 11 p.m (London time) on Sunday.

People in India can watch it live on the internet at 4 a.m. on Monday.

Asteroid UW-158, with a 90 million tonne core, is expected to contain $5 trillion worth of platinum. It will be 30 times closer than Earth’s nearest planet.

Slooh, a project which links telescopes to the internet, will broadcast images from an observatory in the Canary Islands, volcanic archipelago off the coast of northwestern Africa.

“It’s always fun when an asteroid fly past our world. Slooh will be watching live when UW-158 passes 30 times closer to us than the nearest planet, on July 19,” Slooh Astronomer, Bob Berman said.

“What makes this unusual is the large amount of platinum believed to be lurking in the body of this space visitor. Perhaps it could be mined someday, not too far in the future,” Berman asked.

Asteroids like UW-158 are defined as ‘X-type’ by Planetary Resources, an asteroid mining company.

Asteroid UW-158, with $5 trillion worth of platinum to pass by earth - The Hindu

This asteriod needs freedom & democracy

 

[+4vsgorillas-Apebane]

Too many greedy fcukers here.

We should only take all the platinum and precious elements and let the asteroid be on its way afterwards.

 

[Audio]

I believe any such endeavor should be taken by the private sector

LOL, no. Private sector will kill us all in the hunt for a little bit of extra money, when they decide to take on something they can't really pull off.

This must be thoroughly government regulated and monitored, at least for the pioneer missions. After that, when proof of concept and working models of extraction and delivery have been thoroughly tested, only then you let the private sector control operations. However, everything would have to be monitored by some sort of planetary defense agency, that would track everything the private sector does and brings to close proximity of the Earth.

 

[Donatello]

The field is potentially so large that it will likely be a combination of government and private enterprise that will bear he best results.

Well, the reason NASA is doing it is to support their future space colonization goals. So for example, maybe you can extract materials and send them to your projects on far away planets, which could be cheaper and more reliable than launching from Earth every time, thus saving time. You could set up an electrolysis unit, convert the plenty of frozen water into Hydrogen and Oxygen and use that for fuel.

The Planetary Resources approach is more commercial oriented....but it won't be feasible until the prices or demand for such precious metals/elements on earth is high enough to make asteroid extraction feasible. That might be a long time. Or perhaps, some sort of rare and exclusive product offerings....like you can buy a meteorite containing platinum/rhodium/osmium and have it embedded in Jewelry or fashion non-sense that is on these days. I mean, people pay 50k USD for a leather bag, right? Or perhaps Apple Inc can finally offer a true 'Space grey' for their magical products

LOL, no. Private sector will kill us all in the hunt for a little bit of extra money, when they decide to take on something they can't really pull off.

This must be thoroughly government regulated and monitored, at least for the pioneer missions. After that, when proof of concept and working models of extraction and delivery have been thoroughly tested, only then you let the private sector control operations. However, everything would have to be monitored by some sort of planetary defense agency, that would track everything the private sector does and brings to close proximity of the Earth.

There are plenty of asteroids out there, and yes of course any vehicle going in space would be monitored. There is a USAF network already in place, and i believe China is building a full fledged on.

 

[VCheng]

Well, the reason NASA is doing it is to support their future space colonization goals. So for example, maybe you can extract materials and send them to your projects on far away planets, which could be cheaper and more reliable than launching from Earth every time, thus saving time. You could set up an electrolysis unit, convert the plenty of frozen water into Hydrogen and Oxygen and use that for fuel.

The Planetary Resources approach is more commercial oriented....but it won't be feasible until the prices or demand for such precious metals/elements on earth is high enough to make asteroid extraction feasible. That might be a long time. Or perhaps, some sort of rare and exclusive product offerings....like you can buy a meteorite containing platinum/rhodium/osmium and have it embedded in Jewelry or fashion non-sense that is on these days. I mean, people pay 50k USD for a leather bag, right? Or perhaps Apple Inc can finally offer a true 'Space grey' for their magical products

Whatever forms it takes, the future of space exploration is bright indeed.

 

[danger007]

Hope i can have property rights on that asteroid.... ...

 

[Audio]

There are plenty of asteroids out there, and yes of course any vehicle going in space would be monitored. There is a USAF network already in place, and i believe China is building a full fledged on.

Well, the good news is, such proposals were already floated:

U.S. Scientists Call for the Creation of an International Asteroid Defense Agency | Popular Science

While NASA Wants To Nuke Asteroids, ESA Prefers Less Explosive Approach To Asteroid Defense : SCIENCE : Tech Times

After Chelyabinsk, Russia Wants the Ability to Kill Asteroids | News | The Moscow Times

ESA also has a space tracking network....

ESA - European Space Agency

ESA - European Space Agency

^^click for more info, it doesn't take to homepage like the text implies, but to dedicated NEO observation programme.