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Goldman Sachs Says Asteroid Mining is a Realistic Goal

posted by Fnord666 on Saturday April 08 2017, @12:49AM   
from the oye-beltalowda dept.

DBCubix writes:

Goldman Sachs says mining platinum from asteroids is a way for bankers to earn billions and is a realistic goal. Goldman Sachs is bullish on space mining with "asteroid-grabbing spacecraft." In a 98-page note for clients, analyst Noah Poponak and his team argue that platinum mining in space is getting cheaper and easier, and the rewards are becoming greater as time goes by.

"Prospecting probes can likely be built for tens of millions of dollars each and Caltech has suggested an asteroid-grabbing spacecraft could cost $2.6bn." It is believed an asteroid the size of a football field could be worth up to £40 billion. However, bringing that much platinum back to Earth is likely to crash the precious metal market - and probably the rest of the economy with it.

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Original Submission

• We Should Be Happy We Should Be Happy (Score: 3, Insightful) by NotSanguine on Saturday April 08 2017, @01:52AM (5 children)

  by NotSanguine (285) <{NotSanguine} {at} {SoylentNews.Org}> on Saturday April 08 2017, @01:52AM (#490652) Homepage Journal

  Now that our rulers have decided that space travel will be profitable, we'll get space travel.

  I, for one, recognized our Goldman Sachs/Wall Street overlords years ago.

  Not that I welcome them, but they're the bosses, and have been for a while. Or haven't you been paying attention?

  --
  No, no, you're not thinking; you're just being logical. --Niels Bohr

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• Not in charge, just doing the day to day paperwork Not in charge, just doing the day to day paperwork (Score: 2) by archfeld on Saturday April 08 2017, @02:44AM (2 children)

  by archfeld (4650) <treboreel@live.com> on Saturday April 08 2017, @02:44AM (#490670) Journal

  They are not the rulers, just the top of the line puppets. Behind those companies lie the real rulers, a much smaller, very much more select group of families and cartels that run the financial world from the shadows.

  --
  For the NSA : Explosives, guns, assassination, conspiracy, primers, detonators, initiators, main charge, nuclear charge

  Parent

  • Re:Not in charge, just doing the day to day paperw Re:Not in charge, just doing the day to day paperw (Score: 2) by lx on Saturday April 08 2017, @03:06AM (1 child)

    by lx (1915) on Saturday April 08 2017, @03:06AM (#490678)

    There is no governor anywhere.

    Parent

    • Re:Not in charge, just doing the day to day paperw (Score: 2) by archfeld on Saturday April 08 2017, @06:57AM

      by archfeld (4650) <treboreel@live.com> on Saturday April 08 2017, @06:57AM (#490737) Journal

      So says the Ixian. Weren't they behind the shadow that was behind the throne :)

      https://en.wikipedia.org/wiki/Ix_(Dune) [wikipedia.org]

      --
      For the NSA : Explosives, guns, assassination, conspiracy, primers, detonators, initiators, main charge, nuclear charge

      Parent

• oblig. oblig. (Score: 2, Funny) by redneckmother on Saturday April 08 2017, @03:04AM (1 child)

  by redneckmother (3597) on Saturday April 08 2017, @03:04AM (#490676)

  Goldman Sachs

  s/Goldman Sachs/Golden Sacks/

  --
  Mas cerveza por favor.

  Parent

  • Re:oblig. (Score: 2, Touché) by purple_cobra on Saturday April 08 2017, @10:25AM

    by purple_cobra (1435) on Saturday April 08 2017, @10:25AM (#490794)

    Gold Man-Sacks, surely?

    Parent