SoylentNews

DBCubix [soylentnews.org] writes:

Goldman Sachs says mining platinum from asteroids [thesun.co.uk] 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 [businessinsider.com], 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.

---

Original Submission