Could 16 Psyche make every person on Earth a billionaire? The space mining race is heating up.
- 16 Psyche is an asteroid full of metal in the asteroid belt that could be worth $700 quintillion.
- NASA plans to visit 16 Psyche by 2026.
- Commercial mining of faraway asteroids could still be decades away and some set closer targets, like the moon.
The technology is poised to change how many companies operate.
- Blockchain technology, as a digital ledger for economic transactions, is poised to "radically" impact companies across the board.
- It may help reinforce the trust in certain markets as sensors collect data throughout production.
- Blockchain might also create a marketplace for whistleblowing.
Advances in satellite imagery are shining a light.
- Today, there are 40.3 million slaves on the planet, more than the number of people living in Canada.
- Slavery can be hard to find, but it commonly occurs in several key industries like fishing and mining.
- Using satellite data, researchers and activists are using crowdsourcing and artificial intelligence to identify sites where slavery is taking place.
Japan looks to replace China as the primary source of critical metals
- Enough rare earth minerals have been found off Japan to last centuries
- Rare earths are important materials for green technology, as well as medicine and manufacturing
- Where would we be without all of our rare-earth magnets?
It's unlikely that there's anything on the planet that is worth the cost of shipping it back
- In the second season of National Geographic Channel's MARS (premiering tonight, 11/12/18,) privatized miners on the red planet clash with a colony of international scientists
- Privatized mining on both Mars and the Moon is likely to occur in the next century
- The cost of returning mined materials from Space to the Earth will probably be too high to create a self-sustaining industry, but the resources may have other uses at their origin points