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'Fireflies' to scope asteroids for mining

Asteroid Mining

Another company joined the commercial space race Tuesday with ambitious plans to mine asteroids near Earth, but experts say the physics and economics of the Final Frontier remain still daunting.

 

This $20 Trillion Rock Could Turn a Startup Into Earth's Richest Company

Asteroid Mining

Meet Amun 3554... Little more than a mile wide, it's one of the smallest M-class (metal-bearing) asteroids yet discovered... So, the total payout from one unassuming asteroid? $20,000,000,000,000. That’s what got Planetary Resources co-founder Peter Diamandis so excited. “There are $20 trillion checks up there waiting to be cashed,” he enthused at a space development conference in 2006.

 

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