NASA proposes generating revenue by mining on asteroids close to the Earth





Excerpt from thewestsidestory.net

The American space agency, NASA, is working on a project which has the potential of becoming a source of revenue for the cash strapped agency. It has already signed contracts with two companies namely Planetary Resources and Deep Space Industries for carrying the project further. The new proposed project will involve asteroid mining. Together with the two of them, NASA has already started chalking out a strategy for gathering resources in space.

According to experts, bringing resources from the space to earth will cost about $5,000 to $25,000, which means, taking resources in space will be the only alternative the two associated companies will the focusing on. In order to bring down the operational cost, they will also need to find out asteroids that are located closest to our planet and are rich sources of minerals, silicates, carbonaceous minerals and metals.

asteroid-mining
“Communicating about any future asteroid threat will not be easy,” said Michael Simpson, SWF’s Executive Director, according to Discovery.com. “People will need messages they can act on, and they will deserve to know the limitations on what modern science can predict.”