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Deep Space Industries to join the asteroid gold rush

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  • 21-01-2013 3:12pm
    #1
    Registered Users Posts: 959 ✭✭✭


    A new space company will announce plans to mine the minor planets at a press conference in Santa Monica, California, tomorrow, 22 January.

    Deep Space Industries intends to build a fleet of commercial asteroid-prospecting spacecraft that can harvest and process these chunks of space rock.

    Until the 22 January event, the company's founders are keeping a tight lid on further information about their plans to plunder precious resources for profit.

    But their targets are likely to be a class of minor planet called Near-Earth Asteroids which have orbits bringing them close to us on their journeys around the Sun.

    They will want to tackle a type of asteroid that is like a crumbly pile of rubble, similar to Itokawa which was visited by the Japanese probe Hayabusa in 2005, rather than the more solid objects. That is simply because it will be easier to get at their assets.

    Another company, formed from an assortment of tycoons, has already emerged in 2012 to announce similar space mining plans, convinced that even a small asteroid can be worth billions of dollars.

    Planetary Resources is a US company led jointly by Eric Anderson, who also heads Space Adventures that has already sent several wealthy clients to the International Space Station.

    Anderson is co-founder and co-chairman of Planetary Resources with Peter H Diamandis, backed by famous investors including Eric Schmidt and Larry Page of Google. Avatar director James Cameron is an advisor.

    Read more HERE


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Comments

  • Closed Accounts Posts: 12,456 ✭✭✭✭Mr Benevolent


    Someone's been feeding billionaires too much LSD.


  • Registered Users Posts: 325 ✭✭ThatDrGuy


    Got to love the hubris. What are the crises of the 21st century ? Permanent depletion of aquifers. Catastrophic loss of topsoil.
    Massive irreversible climate change. Overwhelming over-population. Enormous and growing inequality. Extinction of the last fossil fuel
    reserves with nothing to replace them. Scandalous military spending and weapons build up. What do we need ? Space mining ! Dum De Dum! To hell with all that boring stuff, a fleet of asteroid mining robots - thats the future.


  • Administrators, Computer Games Moderators, Sports Moderators Posts: 32,163 Admin ✭✭✭✭✭Mickeroo


    Heh, it will probably never be fully realised but I can't help but get excited when I read about people trying stuff like this.


  • Moderators, Recreation & Hobbies Moderators, Science, Health & Environment Moderators, Technology & Internet Moderators Posts: 90,827 Mod ✭✭✭✭Capt'n Midnight


    ThatDrGuy wrote: »
    Got to love the hubris. What are the crises of the 21st century ? Permanent depletion of aquifers. Catastrophic loss of topsoil.
    Massive irreversible climate change. Overwhelming over-population. Enormous and growing inequality. Extinction of the last fossil fuel
    reserves with nothing to replace them. Scandalous military spending and weapons build up. What do we need ? Space mining ! Dum De Dum! To hell with all that boring stuff, a fleet of asteroid mining robots - thats the future.
    3 months earnings by 100 people
    https://rt.com/news/oxfam-report-global-inequality-357/
    The world's 100 richest people earned a stunning total of $240 billion in 2012 – enough money to end extreme poverty worldwide four times over, Oxfam has revealed, adding that the global economic crisis is further enriching the super-rich.


  • Registered Users Posts: 325 ✭✭ThatDrGuy


    Scary. Getting worse by the day. Handing over control of more and more of the earth's resources to fewer and fewer people. So they
    can devote it to their private whims.


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  • Moderators, Recreation & Hobbies Moderators, Science, Health & Environment Moderators, Technology & Internet Moderators Posts: 90,827 Mod ✭✭✭✭Capt'n Midnight


    http://www.theregister.co.uk/2013/01/22/deep_space_industries_asteroid_mining/
    The venture says that it will have its first class of 55lb (25kg) "FireFly" probes ready for action by 2015, hitching a ride on other commercial launches, and during their six-month missions will explore Near Earth Objects (NEO) for useful materials.

    The second generation of larger probes, dubbed DragonFlies, will be sent off by 2016 to land on and mine asteroids, producing around 60lb to 150lbs (27kg to 68kg) of finished cargo on a two to four-year mission.
    ...

    Gump explained that the probes wouldn't just be looking for metals, but also for liquids that can be broken down into oxygen, hydrogen and methane and used to refuel satellites once it has been brought back into the Earth's orbit, adding another revenue stream.

    "It cost around $20,000 per kilo to get the fuel for a geosynchronous satellite into position, we're sure we can supply it more cheaply than that," he said. "If you can then extend the lives of these satellites, then operators will be able to save millions of dollars in costs."

    Key to the success of the project will be DSI's patent-pending 3D printing technology, dubbed the Microgravity Foundry. He said the tech will make it possible to extract pure nickel blocks from asteroids. The process sees powdered nickel ore fed into the system, which is then formed into units of solid metal, and can also be used to make tools and replacement parts.


  • Registered Users Posts: 325 ✭✭ThatDrGuy


    Nickel at the moment costs 17 dollars a kilo:
    http://www.metalprices.com/p/NickelFreeChart/?weight=KG&size=M&theme=1011

    Assuming a dragon fly probe weighed just 50kg it would cost about a million dollars to put into orbit. As for manufacturing costs:

    http://www.spaceflightnow.com/news/n1201/29hayabusa2/

    Japans Hayabusa2 probe ( no advanced mining etc) cost 200 million dollars.

    If a dragon fly managed to mine a full 68kg of nickel and bring it to earth, it would be worth a whopping 1156 dollars. After 2 years.

    Price:
    Manufacture - optimistic 50 million
    Launch - optimistic 1 million
    operational cost ( ground team over 2 years) optimistic 5 million
    total 56 million dollars. Result : 1156 dollars worth of nickel. This is a scam pure and simple.


  • Moderators, Recreation & Hobbies Moderators, Science, Health & Environment Moderators, Technology & Internet Moderators Posts: 90,827 Mod ✭✭✭✭Capt'n Midnight


    Nickel in LEO costs a bit more ;)


  • Registered Users Posts: 325 ✭✭ThatDrGuy


    Nickel in LEO is worse than worthless. There is absolutely no demand for it and the last thing we need is more junk in LEO that satellites have to avoid.


  • Registered Users Posts: 959 ✭✭✭ZeRoY


    Forgot to post the video in OP



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  • Registered Users Posts: 959 ✭✭✭ZeRoY


    ThatDrGuy wrote: »

    That would be the first mistake. There are hundreds of prices for Nickel as even Pure Nickel on Earth is alloy. I cant find a price for Asteroid Nickel un-surprisingly but something tells me its composition will be different as well as its price!

    I think a lot of people are looking at this guys thinking they are lunatics with lots of cash to spare but I say they are just pioneer, Space exploration and mining is coming, this guys are just the first to really try it out.


  • Registered Users Posts: 933 ✭✭✭hal9000


    ZeRoY wrote: »
    Forgot to post the video in OP


    Thought I was watching a mass effect trailer by the end of that video!


  • Registered Users Posts: 2,921 ✭✭✭2 stroke


    25 kg fireflys hitching a ride into space on larger missions, why does that sound familiar? What weight were those balast weights we sent to mars?


  • Registered Users Posts: 495 ✭✭ciaranmac


    ThatDrGuy wrote: »
    Nickel at the moment costs 17 dollars a kilo:
    http://www.metalprices.com/p/NickelFreeChart/?weight=KG&size=M&theme=1011

    Assuming a dragon fly probe weighed just 50kg it would cost about a million dollars to put into orbit. As for manufacturing costs:

    http://www.spaceflightnow.com/news/n1201/29hayabusa2/

    Japans Hayabusa2 probe ( no advanced mining etc) cost 200 million dollars.

    If a dragon fly managed to mine a full 68kg of nickel and bring it to earth, it would be worth a whopping 1156 dollars. After 2 years.

    Price:
    Manufacture - optimistic 50 million
    Launch - optimistic 1 million
    operational cost ( ground team over 2 years) optimistic 5 million
    total 56 million dollars. Result : 1156 dollars worth of nickel. This is a scam pure and simple.

    I had the thought that asteroids would be richer in heavier elements that are rare in the earth's crust, because the heavier materials sink to the core. But even 68kg of platinum would only be worth about 4 million dollars.


  • Moderators, Recreation & Hobbies Moderators, Science, Health & Environment Moderators, Technology & Internet Moderators Posts: 90,827 Mod ✭✭✭✭Capt'n Midnight


    ThatDrGuy wrote: »
    Nickel in LEO is worse than worthless. There is absolutely no demand for it and the last thing we need is more junk in LEO that satellites have to avoid.
    actually it's worth a lot more at GEO

    you can make structures out of it , 3D printer and all that

    you can use it as reaction mass

    you could make flywheels out of it for gyroscopic attitude control

    it could be used to make shields , mirrors

    The Mars Curiosity rover used 300Kg of inert ballast during it's descent



    on the ground it's pretty worthless allright


  • Registered Users Posts: 325 ✭✭ThatDrGuy


    Unless asteroid nickel is actually unobtainium I somehow doubt it would be worth hundreds of thousands of times the stated nickel prices that mining it would require. Ballast ? Really ? The end product of the most advanced mining project in the history of humanity. Can you imagine the poor guy flogging this sales pitch. Market? Why yes. Where is your market ? I have one word. Just one word... ballast. Space seems to be the new frontier for economic stupid ( it used to be the internet) Put online in or after a word gave it a veneer of economic gospel, no matter how daft. The price of nickel reflects its current utility relative to its scarcity. Not very high to put it mildly. Quoting it's utility as a input in a vast chain of space manufacture and supply that doesn't exist is hardly convincing. Its putting the space cart ahead of the space horse. I found the video hilarious and scary at the same time. Brought out the vision of space billionaires living in low density housing in an orbiting forested park while a conflicted polluted overpopulated earth rots beneath them.


  • Registered Users Posts: 2,921 ✭✭✭2 stroke


    Has my comment regarding ballast been misunderstood? I was suggesting that those ballasts were far from inert. Wrong forum I know, which way to conspiricy theories?


  • Closed Accounts Posts: 428 ✭✭OCorcrainn


    Pfffff what a scam, everyone knows the real money is in space piracy.


  • Closed Accounts Posts: 2,050 ✭✭✭nokia69


    ThatDrGuy wrote: »
    Nickel at the moment costs 17 dollars a kilo:
    http://www.metalprices.com/p/NickelFreeChart/?weight=KG&size=M&theme=1011

    Assuming a dragon fly probe weighed just 50kg it would cost about a million dollars to put into orbit. As for manufacturing costs:

    http://www.spaceflightnow.com/news/n1201/29hayabusa2/

    Japans Hayabusa2 probe ( no advanced mining etc) cost 200 million dollars.

    If a dragon fly managed to mine a full 68kg of nickel and bring it to earth, it would be worth a whopping 1156 dollars. After 2 years.

    Price:
    Manufacture - optimistic 50 million
    Launch - optimistic 1 million
    operational cost ( ground team over 2 years) optimistic 5 million
    total 56 million dollars. Result : 1156 dollars worth of nickel. This is a scam pure and simple.

    but what if launch costs keep falling, and all the hardware is used over and over again, and what if they mine more than just nickel

    a boeing 747 will cost over 300 million to buy, and who knows how much to run and service, but I can fly accross the atlantic and back for less than 1000 euro

    the same thing will happen with all types of space technology, its only a matter of time


  • Moderators, Recreation & Hobbies Moderators, Science, Health & Environment Moderators, Technology & Internet Moderators Posts: 90,827 Mod ✭✭✭✭Capt'n Midnight


    nokia69 wrote: »
    but what if launch costs keep falling, and all the hardware is used over and over again, and what if they mine more than just nickel

    a boeing 747 will cost over 300 million to buy, and who knows how much to run and service, but I can fly accross the atlantic and back for less than 1000 euro

    the same thing will happen with all types of space technology, its only a matter of time
    no one flies nickel across the atlantic

    running costs of a 747 ?
    for long haul plan on using the planes weight of fuel

    the rocket equation can be used to show that for escape from earths gravity well you are going to have to use a lot more fuel


    lowest price I've seen for soyuz was 30 million , but they've gone up since they have a monopoly on manned launchers (apart from the Chinese)

    Problem is that we haven't done reusable yet
    given the time and costs to get a shuttle re-launched again salvageable would be a better world
    The SRB's were essentially re-manufactured
    SRB casings were recovered and reused many times. In one recent example, an SRB stiffener (lower) segment from STS-1 — which over a 30 year period flew six times plus one ground test

    411030main_hydrolsr-s.gifA device called a "hydrolaser," spraying water at 17,000 pounds per squares inch, strips insulation from the boosters as part of the refurbishment process.

    NASA have two ships to recover the SRB's - so you have to wonder if there are any cost savings , compared to the savings you'd get with economies of scale with a proper production line
    https://en.wikipedia.org/wiki/MV_Freedom_Star

    Yes there are cheaper ways to orbit, but no one has invested significant resources into them. Rocketry will have a minimum cost. Which creates a viscious cycle - satellites could be a lot cheaper if it cost 1/10 the amount to launch them


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  • Closed Accounts Posts: 7,132 ✭✭✭Just Like Heaven


    ThatDrGuy wrote: »
    Scary. Getting worse by the day. Handing over control of more and more of the earth's resources to fewer and fewer people. So they
    can devote it to their private whims.

    Don't mean to drag the thread off topic but have to agree here :(

    Another video uploaded by DSI after the conference shows a Q&A. About 11 minutes in one of the lads on the panel 'addresses' sharing and distributing the resources that'll be mined/obtained (apparently if they get the investment they're looking for they hope to beaming solar generated electricity down to earth by 2025). Just worrying that the people who'll be in control of all these resources reckoned that the best method of sharing resources throughout the earth is demonstrated everyday through the 'free enterprise system'.

    In other words he meant "No, we're not going to distribute resources with everybody". Which is upsetting cause they really made themselves out to be doing the planet a favour in their conference.


  • Closed Accounts Posts: 2,050 ✭✭✭nokia69


    Don't mean to drag the thread off topic but have to agree here :(

    Another video uploaded by DSI after the conference shows a Q&A. About 11 minutes in one of the lads on the panel 'addresses' sharing and distributing the resources that'll be mined/obtained (apparently if they get the investment they're looking for they hope to beaming solar generated electricity down to earth by 2025). Just worrying that the people who'll be in control of all these resources reckoned that the best method of sharing resources throughout the earth is demonstrated everyday through the 'free enterprise system'.

    In other words he meant "No, we're not going to distribute resources with everybody". Which is upsetting cause they really made themselves out to be doing the planet a favour in their conference.

    It is not from the benevolence of the butcher, the brewer or the baker, that we expect our dinner, but from their regard to their own self interest.


  • Registered Users Posts: 325 ✭✭ThatDrGuy


    nokia69 wrote: »
    It is not from the benevolence of the butcher, the brewer or the baker, that we expect our dinner, but from their regard to their own self interest.

    They have all been put out of business by Tesco. We are in a new world and its run for the benefit of the few at the expense of the many.


  • Registered Users Posts: 325 ✭✭ThatDrGuy




  • Registered Users Posts: 959 ✭✭✭ZeRoY


    ThatDrGuy wrote: »

    Nothing stupid in there, just high costs which are reducing all the time. Aren't the UK building a super fast train for 32 billions over 10 years?

    When i see this I have no problem seeing Billions put in to Mars/Space travel...


  • Registered Users Posts: 68,317 ✭✭✭✭seamus


    I'm guessing the medium-term game here is some form of semi-automated orbital processing plant which checks/refines the samples returned and carries out repairs on any craft. The advent of 3D printing really does a lot here as it means that practically any component can be manufactured on board. So basically once you have the station built, it can build its own fireflies and send them on, massively reducing the cost of sending thousands (if not millions) of drones into space.


  • Registered Users Posts: 325 ✭✭ThatDrGuy


    ZeRoY wrote: »
    Nothing stupid in there, just high costs which are reducing all the time. Aren't the UK building a super fast train for 32 billions over 10 years?

    When i see this I have no problem seeing Billions put in to Mars/Space travel...


    Hi Zeroy, infastructure is an investment. There will be millions of people using the infastructure and they can recoup a lot of the cost. As fossil fuels become prohibitively expensive high speed links are vital to try and maintain industry and transport. Every billion spent on mars is a billion not spent on addressing very real problems on earth. Thats fine if that billion comes from defence spending but that seems to be sacrosanct.


    Growing crops on mars as this info graphic suggests is 10 kinds of crazy.

    Growing crops requires:
    Soil:

    Martian soil :
    Has no known organic components ( no earthworms, nitrogen fixing bacteria etc)
    Is mega toxic: full of oxalate and heavy metals such as cadmium and arsnic
    Is highly reductive iron oxide.


    Light & Water:
    All the water is at the poles that recieve next to no light. Most of the light
    is at the equator which has no water

    C02:
    Humans make, but balance quite delicate

    To farm mars you would have to import everything. All the nutrients. All
    the water. All the organic gaia. You would need constant shipments of these. The only input mars offers is light and some gravity. Massive athmospheric condensers could extract some water but you would have to cover enormous areas of mars for only a few acres of farming. Farming is much easier in death valley. Death valley is a lot less hostile to human life too. Yet there are no plans that I know of to farm death valley. Why ? Because it is economic lunacy. But put Mars or Space in a plan and even though its a million times dafter the economic lunacy seems to vanish.

    Seamus 3d printers are not replicators. They cannot perform magic or violate the laws of thermodynamics. If the tech existed to replicate a space probe whole without any inputs from earth, we wouldn't need space mining.


  • Registered Users Posts: 959 ✭✭✭ZeRoY


    All in its own time ... the madness starts when they mention doing this in the next two decades, then I agree. But otherwise, it will happen, totally convinced (maybe not on Mars).


  • Closed Accounts Posts: 2,050 ✭✭✭nokia69


    Growing crops requires:
    Soil:

    wrong, try again
    All the water is at the poles that recieve next to no light. Most of the light
    is at the equator which has no water

    maybe, we won't know for sure untill we look. my guess is the first people will land somewhere between the poles and the equator
    Seamus 3d printers are not replicators. They cannot perform magic or violate the laws of thermodynamics. If the tech existed to replicate a space probe whole without any inputs from earth, we wouldn't need space mining.

    a 3d printer on mars or the moon would be of great help and I have no doubt that they will be used for making spare parts


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  • Closed Accounts Posts: 2,050 ✭✭✭nokia69


    no one flies nickel across the atlantic

    running costs of a 747 ?
    for long haul plan on using the planes weight of fuel

    the rocket equation can be used to show that for escape from earths gravity well you are going to have to use a lot more fuel


    lowest price I've seen for soyuz was 30 million , but they've gone up since they have a monopoly on manned launchers (apart from the Chinese)

    Problem is that we haven't done reusable yet
    given the time and costs to get a shuttle re-launched again salvageable would be a better world
    The SRB's were essentially re-manufactured
    SRB casings were recovered and reused many times. In one recent example, an SRB stiffener (lower) segment from STS-1 — which over a 30 year period flew six times plus one ground test

    411030main_hydrolsr-s.gifA device called a "hydrolaser," spraying water at 17,000 pounds per squares inch, strips insulation from the boosters as part of the refurbishment process.

    NASA have two ships to recover the SRB's - so you have to wonder if there are any cost savings , compared to the savings you'd get with economies of scale with a proper production line
    https://en.wikipedia.org/wiki/MV_Freedom_Star

    Yes there are cheaper ways to orbit, but no one has invested significant resources into them. Rocketry will have a minimum cost. Which creates a viscious cycle - satellites could be a lot cheaper if it cost 1/10 the amount to launch them

    the reason I used the example of a 747 is because it is a good example of a reuseable transport that cost millions to build and service, but it is used every day by average people like me, this is what needs to happen with rockets

    the space shuttle is the exact opposite of a 747, it failed at being reuseable

    right now spaceX, blue orgin, and skylon are working on making space flight a cheap every day low cost business, I think they all have a good chance of success, but I think spaceX are ahead of the pack for now but that could change

    once all the hardware is reuseable then the costs will drop and Mars and the Moon will be easy to reach


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