What Happened To Space Mining?
Just a couple of years ago, it seemed that space mining was inevitable. Analysts, tech visionaries and even renowned astrophysicist Neil deGrasse Tyson predicted that space mining was going to be big business. Space mining companies like Planetary Resources and Deep Space Industries backed by the likes of Google’s Larry Page and Eric Schmidt, cropped up to take advantage of the predicted payoff. After all, the holy grail of asteroids, known as 16 Psyche, had an estimated worth of $10,000 quadrillion. But fast forward to 2022, and humanity has yet to commercially mine even a single asteroid. CNBC spoke to two California startups, AstroForge and TransAstra, about how they are trying to make space mining a reality and the challenges they face. Chapters: 01:42 - Burst of the space-mining bubble 4:43 - A new understanding of space mining 7:15 - TransAstra 10:34 - AstroForge 13:47 - Challenges » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #CNBC What Happened To Space Mining?
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