What Would Asteroid Mining do to the World's Economy?

Artist's impression of an astronaut conducting an EVA with an asteroid. Credit: NASA

About a decade ago, the prospect of “asteroid mining” saw a massive surge in interest. This was due largely to the rise of the commercial space sector and the belief that harvesting resources from space would soon become a reality. What had been the stuff of science fiction and futurist predictions was now being talked about seriously in the business sector, with many claiming that the future of resource exploitation and manufacturing lay in space. Since then, there’s been a bit of a cooling off as these hopes failed to materialize in the expected timeframe.

Nevertheless, there is little doubt that a human presence in space will entail harvesting resources from Near Earth Asteroids (NEAs) and beyond. In a recent paper, a team of researchers from the University of Nottingham in Ningbo, China, examined the potential impact of asteroid mining on the global economy. Based on their detailed assessment that includes market forces, environmental impact, asteroid and mineral type, and the scale of mining, they show how asteroid mining can be done in a way that is consistent with the Outer Space Treaty (i.e., for the benefit of all humanity).

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A Year After a Failed Launch, Firefly Reaches Orbit and Deploys Satellites

Alpha FLTA002 mission successfully reached orbit but not so successfully deployed customer payloads. It lifted off on October 1, 2022 at 12:01am PST from Vandenberg Space Force Base in California. Credit: Firefly Aerospace.

Edited on 10/6/22 to add new information from Seradata.

Commercial space company Firefly Aerospace successfully launched its Alpha rocket for the first time last weekend, reaching orbit and deploying three satellites. While the latest determination of the satellites’ orbit reveals they may have not been placed in the correct orbit, the company appears to consider the orbit high enough to be considered a success. But others might not agree.

This launch comes just over a year after the Alpha rocket’s first launch attempt exploded two and a half minutes after liftoff from Vandenberg Space Force Base in California.

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Space Tourists Have Booked Their Next Private Mission to the International Space Station

International Space Station
The International Space Station stretches out in an image captured by astronauts aboard the SpaceX Crew Dragon Endeavour during a fly-around in November 2021. Credit: NASA

In April of this year, the first all-private astronaut mission to the International Space Station was successfully conducted when Axiom Space sent four non-NASA astronauts to space during the 17-day Axiom-1 Mission (Ax-1). Based on the endeavor’s success, NASA and Axiom Space have signed an agreement for the second such mission to the ISS, which will take place in the second quarter of 2023.

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Starship Could be Ready for an Orbital Flight in May

Starship and Super Heavy
SpaceX's Starship and Super Heavy booster stand tall on the Starbase launch pad in Texas. Source: SpaceX via YouTube

SpaceX has enjoyed a lot of wins in the past few years. In addition to successfully glide-testing and landing multiple Starship prototypes, they’ve rolled out its first Super Heavy boosters, test-fired the new Raptor Vacuum engines, and assembled the “Mechazilla” launch tower at Boca Chica, Texas. They also unveiled the first fully-furbished orbital test vehicle (SN20) that was stacked with a first stage booster for the first time on its launch pad.

Given the prodigious rate of progress, few were surprised when Musk announced that the first orbital flight test could take place as soon as January 2022. Unfortunately, this date had to be pushed back to an environmental assessment and the usual bureaucratic rigmarole. However, Musk recently announced on Twitter that in light of his company’s success with the new Raptor engines, they could be ready to conduct the long-awaited orbital test flight this May.

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Rocket Lab Shows off its new Reusable Neutron Rocket, due for Launch in 2024

Credit: Rocket Lab

On December 2nd, 2021, the commercial space company Rocket Lab unveiled the detailed architecture of their Neutron rocket for the first time. In a live-streamed event, the company showcased all the new elements that will make this “megaconstellation” launcher a serious contender in the coming years. These include updated details about the rocket’s design, materials, propulsion, and reusability architecture.

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Alan Shepard’s Daughter Will be Flying on the Next New Shepard Flight

Jeff Bezos has hit a particular stride lately with Blue Origin, the commercial space company he founded in 2000 in the hopes of “building a road to space.” For the sake of fostering interest in the space tourism industry, testing their reusable launch vehicle, and growing his company’s brand, he’s conducting recurring launches with the New Shepard featuring high-profile clientele. At the same time, he aims to make each new launch a record-setting event.

On Nov. 23rd, Blue Origin announced the names of the six people who would fly aboard the New Shepard launch vehicle on its nineteenth flight (NS-19), scheduled for Dec. 9th. Among them is Laura Shepard Churchley, the eldest daughter of astronaut Alan Shepard, the first American astronaut to go to space, the fifth man to walk on the Moon, and for whom the New Shepard launch vehicle is named.

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NASA Plans to Retire the Space Station in 2030 and Replace it with Commercially Owned “Destinations” in Low Earth Orbit

The core module of Orbital Reef. Credit: Orbital Reef

While it may seem like the International Space Station is just now fully hitting its stride as far as scientific output and the ability for crew rotations from several different spacecraft, the ISS has been operating with astronauts on board for over 21 years. Knowing the modules and entire physical structure cannot endure the long-term effects of the harsh space environment forever, NASA’s Office of the Inspector General has issued a new report outlining the agency’s plans to keep the space station in orbit until 2030, and to replace it with one or more commercial space stations.

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SpinLaunch Hurls a Test Vehicle Kilometers Into the air. Eventually, it’ll Throw Them Almost all the way to Orbit

For today’s commercial space companies providing launch services to orbit, the name of the game is simple: “do it cheaper.” To reduce the costs of launching payloads to space and encourage the commercialization of Low Earth Orbit (LEO), entrepreneurs have turned to everything from reusable rockets and 3-D printing to air-launch vehicles and high-altitude balloons. And yet, there is one concept that truly seems like something out of this world!

This concept is known as a mass accelerator, a kinetic energy space launch system that is an alternative to chemical rockets. In recent news, the commercial space company SpinLaunch conducted the first launch test of its Suborbital Accelerator for the first time. The success of this vertical test is a crucial stepping stone towards the creation of the company’s proposed Orbital Launch System (OLS), which will conduct regular payload launches soon.

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“Mechazilla” is Getting its Arms. Now it can Catch Starships!

Credit: NASA Spaceflight

The past few weeks have seen a flurry of activity at SpaceX’s Boca Chica Launch Complex! In addition to the SN 20 prototype completing a static fire test with three of the new Raptor Vacuum 6 engines this month, the facility’s “Mechazilla” Launch Tower recently received a giant pair of steel arms. Once integrated with the ~135m (~450 ft) tower, these arms will be responsible for “catching” spent Starships and Super Heavy boosters as they return to Earth.

The Tower will also prepare missions by stacking first stage boosters with Starships and refueling these elements for the next launch. In this respect, the Launch Tower is a crucial piece of the Orbital Launch Site (OLS) architecture that Elon Musk has planned for Boca Chica. Once the Starship completes its Orbital Flight Test (which could happen soon!), Boca Chica will become a spaceflight hub where launches and retrievals are conducted regularly.

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William Shatner Completes his Trip to Space With Blue Origin

After traveling to the edge of space this week, William Shatner and the crew of the NS-18 mission made it back to Earth safe and sound. This was the second time Blue Origin’s New Shepard launch vehicle flew to space with a crew aboard, and as with the inaugural flight, Blue Origin founder Jeff Bezos decided to enlist some star power! Who better than the man known to millions of fans as James Tiberius Kirk, Captain of the starship Enterprise?

At 90 years of age, the veteran actor of television, film, and stage is the oldest person to fly to space. The previous record was held by 82-year old veteran aviator Wally Funk, who went to space as part of the first crewed flight of the New Shepard on July 20th. Along with his fellow crewmembers, Shatner’s experienced what it’s like to go to space for the first time from the company’s Launch Site One facility in West Texas.

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