Recent close encounters with two asteroids near Earth highlighted the potential for commercial opportunities in space mining. As space hauling costs decrease, new business categories like mining on the moon could emerge. While still a distant prospect, the spoils of such ventures could be immense, akin to a modern-day wildcatting scenario. The industry's success would hinge on reaching, mining, and bringing back valuable resources. For instance, NASA's probe to an asteroid potentially valued at $10 quintillion illustrates the speculative nature of space mining, although such high valuations may not be sustainable in reality.
As read by George Hahn.
https://www.profgalloway.com/the-financial-frontier/
Learn more about your ad choices. Visit podcastchoices.com/adchoices