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New Asteroid Mining Company Emerges
coondoggie writes "A new company intends by 2015 to send a fleet of tiny satellites to mine passing asteroids for high-value metals. Deep Space Industries Inc.'s asteroid mining proposal begins in 2015, when the company plans to send out a squadron of 55lb cubesats, called Fireflies, that will explore near-Earth space for two to six months looking for target asteroids. The company's CEO said, 'Using resources harvested in space is the only way to afford permanent space development. More than 900 new asteroids that pass near Earth are discovered every year. They can be like the Iron Range of Minnesota was for the Detroit car industry last century — a key resource located near where it was needed. In this case, metals and fuel from asteroids can expand the in-space industries of this century. That is our strategy.'"
if after they made their own mine tailings, they noticed that there were already mine tailings there.
Please do not read this sig. Thank you.
How much do you know about Asteroid Mining?
Quite a lot, actually. It's part of the space systems engineering textbook I'm writing
What I do know is that 2015, two years from now, is a totally and completely unrealistic goal.
That is not an unrealistic goal to launch prospector spacecraft. Coondoggie's article summary mangles what they intend to do, and you misread it further. Their actual website lists three stages: Prospecting craft to find the asteroids, assay missions to bring back ~20 kg samples, and only then trying to actually mine. This is a sensible plan.
In the mean time, I hope to start building prototype "seed factory" hardware this year. A seed factory is the minimal starter set of machines to start building *other* machines, which in turn becomes your industrial base. Think of it like a bootstrap compiler for hardware. Feed it plans for other machines, it starts making parts. I'm aiming for making 85% of the 2nd generation machines, because 100% is too hard a goal. The other 15% you just buy.