ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Weekend Project for the Super Rich? Space Mining Trillion Dollar Asteroids

Updated on August 4, 2012

Life (on Earth) is not fair. I’ve always known this, but now the "Super Rich" get to stake claims in Space by grabbing TRILLION DOLLAR SPACE ROCKS that are just hanging out there waiting to be plucked from the heavens.

"And the meek shall inherit the Earth.....but the Super Rich shall inherit the galaxy"....

Planetary Resources "A Space Mining Company", which is backed by some of the biggest money on our planet (Google VIP's, Ross Perot JR), have BIG plans – to mine trillions and trillions of dollars of precious metals from asteroids nearest to our planet.

Just what kinds of rocks are out there? Well for starters meet Amun 3554. Not Much of a name is it? Well when your worth 20 TRILLION dollars you can be called whatever you want.

AMUN 3554

Successfully space mining this asteroid could (will) turn Planetary Resources into the richest company in the world (galaxy?). This "low hanging fruit" of an asteroid, which is "easier to get to than the moon", holds 8 trillion dollars worth of platinum, 8 trillion dollars worth of Iron and nickel, and over 6 trillion worth of cobalt. Think about it...there are millions and millions of asteroids in our galaxy...

Planetary Resources will start out with "Space telescopes" that will be deployed starting as soon as 2013. From information gathered they will determine the best course of action to obtain these space rocks using space mining robots. One theory is to pull the asteroids closer to Earth and use some of these LEO spaceplanes (DreamChaser or Falcon X Dragon) to cary loads. Ever see an 18 Wheeler jacknife? Imagine the call to houston if that space rock gets loose while dragging it close to Earth..."Um Houston we have a problem, looks like the hitch came loose and Amun is headin straight for Canada"..

The intentions of these heavyweight space rock investors appear to be good; to increase the overall GDP on earth and more importantly, to make deep space travel possible, by utilizing the resources that are out there. For example, it is reported that it costs $20,000 per liter of water to ship it into space (off of Earth). Planetary Resources plans to mine water off of asteroids and hold it in LEO for later use. Along with water they will grab fuel and precious metals. But that doesn't mean they won't make a buck or two along the way...


    0 of 8192 characters used
    Post Comment

    • Window Pain profile image

      Window Pain 

      6 years ago

      Hate to break it to you howlermunkey, but the reason the Shuttle program was abandoned is because they no longer wanted to pay for the charade.

      The Phoenix Lights incident? That was an American vehicle. So space mining is moot. Besides once you showed up with a trillion tons of platinum it would suddenly be worthless. Platinum is expensive because it's rare.

      Imagine if you had a trillion tons of turkey leftover after Thanksgiving? No one would want to be your friend because they know you just want to stuff them with more turkey.

      With all that platinum you'd end up looking like Mr. Freeze except, you know, entirely platinum. You'd be a regular on TMZ between Kim and Lindsay segments. Not good.

      Okay maybe not the best analogy but you see what I'm getting at.

      [no, not senility, thank you]

    • howlermunkey profile imageAUTHOR

      Jeff Boettner 

      6 years ago from Tampa, FL

      Freakin Hillarious Comment, made me choke on my vino, thanks Window Pain

    • Window Pain profile image

      Window Pain 

      6 years ago

      "Um Houston we have a problem, looks like the hitch came loose and Amun is headin straight for Canada".

      Reaction in Houston:

      "Whew, that was close!" [cheering, hi-fiving & applause]


    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

    Show Details
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)