Spaceflight 🚀#AstroForge is tracking several candidate asteroids, each of which is about 400 meters 📏 across. There is no shortage of potential targets. Scientists estimate that there are about 10 million near-Earth #asteroids ☄️, perhaps 3 to 5 percent of these are rich in #metals, so there are potentially hundreds of thousands of candidates for #mining. https://arstechnica.com/space/2024/08/against-all-odds-an-asteroid-mining-company-appears-to-be-making-headway/
📆 2016 thesis : It was found that a future space mission to harvest #asteroids ☄️ seems prosperous and even plausible in the near future if using a cost-effective mission architecture, perhaps even within a decade. The necessary knowledge increases quickly due to interests of profit and exploration and #space is among the fastest growing 📈 businesses today https://www.lunduniversity.lu.se/lup/publication/8882371
• Remote Sensing Techniques
• Space Shuttles & Technology
• Targeting Asteroids
• Financial Feasibility
• Conclusions
#AsteroidMining ☄️⚒️ has the potential to disrupt global #economic structures by introducing new sources of #minerals and #metals. While the cost of asteroid mining is currently high, long-term economic returns 🤑 could outweigh these if the abundance of resources in asteroids is harnessed effectively and if #SpaceIndustrialization follows, reducing transportation costs. https://spacevoyageventures.com/the-economics-of-asteroid-mining-potential-and-pitfalls/
#McKinsey is estimating that the #SpaceManufacturing market could reach $10 billion 💰 by 📆 2030 https://www.forbes.com/sites/ethankarp/2024/09/11/manufacturing-in-space-an-inside-look-at-a-seemingly-crazy-idea
Future applications of space 🌌 might include manufacturing materials like #pharmaceuticals, #optics, and #semiconductors in space; #mining the Moon and #asteroids; capturing energy, generating power 🔋, and beaming it to Earth and in-space #logistics, servicing assembly, and manufacturing (#ISAM) capabilities https://setr.stanford.edu/technology/space/2025
