Posted inArticles

News Of The Weird: The Economics Of Asteroid Mining

Goldman Sachs analyst Noah Poponak’s 98-page paper (leaked to Business Insider in April) touted the wealth obtainable by capturing the platinum reputed to be in asteroids. The costs to mine the stone (rockets, launch expenses, etc.) might have dropped recently to about $3 billion — a trifle next to the $50 billion worth of platinum Poponak said a single asteroid might contain. (On the other hand, experts point out, such abundance of platinum might crash the worldwide price.)

Gift this article