Earlier installments of this four-part series of articles on asteroid mining dealt with the concept and its feasibility. As we are looking to space for obtaining minerals and heavy metals that are growing scarce on Earth, we are running into the technical difficulties of mining on asteroids - which host various resources.
Asteroid Mining: Space Colonization
The previous article highlighted the infrastructure needs and the advanced robotics required to make asteroid mining a reality - and looked at the techniques that could be used to actually mine some of those 150 million + asteroids in our inner solar system. We will now shift gears and look at the advocates of this concept, who are ready and willing to invest heavily in this costly expedition.
To kick off with the most apparent sentiment people experience when finding out more about the concept of asteroid mining: yes, please. Many people are eager to get started and grab their piece of this potentially enormous pie, from billionaires like Elon Musk to presidents like Donald Trump. His Space Force will be happy to get in the ‘business’ of space colonization. (part 3 of 4)
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Reducing Industry On Earth: Start Asteroid Mining
Scientists are eager to move on as well, especially now that climate change is becoming an urgent, pressing issue. After all, moving our heavy industry abroad would mean that Earth could become a designated ‘residential zone,’ so to speak. And that is what we are looking at: getting the majority of industry off the surface of our planet.
With asteroid mining, we will be able to handle the raw materials directly at their source, in space. The supply chain could become virtually self-sufficient and self-replicating, meaning that operations will grow exponentially while not requiring any input from us, down on Earth. Hence, all kinds of factories and resource generation activities could quite literally be outsourced to asteroid mining in space.
As Phil Metzger, a planetary scientist, aptly put it: “The solar system can support a billion times greater industry than we have on Earth. We would be able to promote healthy societies all over the world at the same time that we would be reducing the environmental burden on the Earth.”
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Solar Panels 'Covering The Earth'
What if we install solar panels in the Sahara?
Large-scale wind and solar power 'could green the Sahara' Installing huge numbers of solar panels and wind turbines in the Sahara desert would have a major impact on rainfall, vegetation and temperatures, researchers say. As a result, vegetation cover fraction increases by about 20%.
One thing is undeniable. We will not be able to continue down here, on Earth, at the rate that we are currently at. Our energy sources are limited, that is a fact. Yes, renewable energy is virtually inexhaustible, but if we want to power our lives with this source of energy alone in a 'few hundred year,' we would have to cover the 'entire surface of the Earth with solar panels.' All of our landmasses would be covered in solar cells, barely leaving space for anything else. In 2030 we have to cover the total landmass of Spain to supply the world's energy needs.

Estimated global energy consumption by 2030 is 678 quadrillions Btu = 198,721,800,000,000 kilowatt-hours (simple conversion) divided by 400 kilowatt-hours of solar energy production per square meter of land (based on 20% efficiency, 70% sunshine days per year, and the fact that 1,000 watts of solar energy strike each square meter of land on Earth) = 496,805 square kilometers of solar panels (191,817 square miles)
This is hardly realistic. And especially when looking out into the vast depths of space all around us, it merely begs the question of why we are not more eager to move out there, explore, and find ways of expanding without burdening our home planet to the breaking point.
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Asteroid Mining: Who’s Up For The Challenge?
There is a rather boring answer to this question. Many companies, governments, and ventures are actively pursuing asteroid mining - with all the corresponding space industries - as a feasible business model. Over the last couple of years, these popped up left, right, and center, sponsored by advocates, investors, and industrialists alike. To get an idea of what they are doing, take a look at the following three startups.
Deep Space Industries
One of these enterprises is Deep Space Industries, an American company founded in 2013 by ambitious scientists and entrepreneurs. They spent five years researching many technologies that were meant to reduce the costs of traveling to high Earth orbits and deep space. Additionally, they came up with the initial design for a fleet of worthy spacecraft. After being acquired by Bradford Space, Inc. last year, their focus somewhat shifted to in-depth space exploration, water-based propulsion, and space station facilities.
Asteroid Mining: The Advocates Of Space Exploration
Mine asteroids for resources, like Deep Space Industries and Planetary Resources
Planetary Resources
Another American company, aptly named Planetary Resources, used to draw on extensive aerospace experience as well. With high-profile names such as Google co-founders Larry Page and Sergey Brin and filmmaker James Cameron backing its activities, they succeeded in launching two test satellites. Although it was a huge success, the company started experiencing financial difficulties last year and was acquired by tech company ConsenSys.
What are the benefits of asteroid mining?
Asteroids are enticing for several reasons. They have small gravity fields, so it makes it easier to place spacecraft and mining equipment on the surface. It's also easier to launch off an asteroid than say the Earth or the Moon.
Trans Astronautica Corporation
A company that famously claimed that it would 'build the transcontinental railroad of space to open the solar system to humanity,' and received funding from NASA for doing so. Their Mini Bee concept, a 250-kilo weighing robotic mining flight system, is designed to capture asteroids between 10 and 40 meters in diameter. It comes equipped with all kinds of advanced technologies like optical mining, laser mining, solar reflectors, and asteroid containment systems that are needed for asteroid mining.

Trans Astronautica Corporation Mini Bee
It would even better use resources drawn directly from asteroids - including water ice and other volatile compounds - as a fuel, making it fully self-sufficient and, in theory, allowing it to mine indefinitely.
Respecting The ‘Wilderness’
As with any significant development, voices are cautioning against hasty space expansion. This question was posed in a recent paper with the title ‘How much of the Solar System should we leave as Wilderness?’ The recommendation was to exercise restraint and already, before going ‘out there,’ start setting limits for expansion activities such as asteroid mining.
This will be quite a challenge, as we are desperate to accommodate our growing industry and population. How and why asteroid mining will make a difference will be examined in the fourth and final article in this series.
Before you go!
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