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.
(Score: 0) by Anonymous Coward on Saturday April 08 2017, @04:57AM
Actually, I would love to see the contortions the masters of the universe go through to prevent the corporate veil from being pierced.
Then I would be saddened when the masses allowed the C-suite to go scot free.
The media hold incredible powers of mass manipulation—just look how they've got everyone kvetching about gays instead of directing their anger at being exploited somewhere it would actually be productive.