What is Space Mining? The Next Frontier for Resource Extraction.

What is Space Mining? The Next Frontier for Resource Extraction Introduction to Space Mining Space mining, often referred to as asteroid mining, is the concept of extracting valuable resources from celestial bodies such as asteroids, the Moon, and even other planets. This futuristic endeavour represents a significant leap in human innovation, offering the potential to access vast quantities of rare metals, minerals, and even water. As Earth’s natural resources continue to deplete, space mining is increasingly being viewed as the next frontier for resource extraction, promising to revolutionise industries and economies on a global scale. The Science Behind Space Mining At its core, space mining involves identifying, extracting, and transporting resources from space to Earth or other locations in space. Asteroids, for instance, are rich in precious metals like platinum, gold, and rare earth elements, which are essential for modern technologies such as smartphones, electric vehicles, and ...