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(Network World)   Earth-buzzing asteroid worth big bucks: $195B if we could catch it   ( networkworld.com) divider line
    More: Cool, asteroids, Earth, dsi, sky survey, rocket fuels, Deep Space Network, dragonflies, building materials  
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5879 clicks; posted to Geek » on 13 Feb 2013 at 3:18 PM (5 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»

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2013-02-13 06:11:29 PM  
2 votes:
media.giantbomb.comView Full Size

"Human behavior is economic behavior. The particulars may vary, but competition for limited resources remains a constant. Need as well as greed have followed us to the stars, and the rewards of wealth still await those wise enough to recognize this deep thrumming of our common pulse."

C.E.O. Nwabudike Morgan
2013-02-13 03:28:58 PM  
2 votes:
The value is based on the projected value of the materials as used to perform construction in space, which means a LOT of that cost is not inherent to the material themselves, but costs associated with launching earth materials into space.  Even if you "caught" the asteroid, you better be able to process it into finished components and sell it to parties with an interest in space exploration.  Even water is worth quite a lot of money if i is in space and in a position to be used.  If you brought it back to earth, you'd lose most of that value and probably be best off cutting it up and selling it as a meteor, probably worth millions still but nowhere near the huge estimate above.

All that said, I am excited to see what we can do with asteroid mining.  Short of a space elevator, space based fabrication of components is a necessary step to any significant future space exploration.
2013-02-13 04:46:11 PM  
1 vote:

FTA: "The asteroid... could be worth up to $195 billion in metals and propellant....if 2012 DA14 contains 5% recoverable water, that ... might be worth as much as $65 billion. If 10% of its mass... is easily recovered iron, nickel and other metals, that could be worth... an additional $130 billion....   It measures some 50 meters wide, neither very large nor very small, and is probably made of stone, as opposed to metal or ice."

Did they even read the article while they were writing it?
2013-02-13 04:04:43 PM  
1 vote:
PsyLord: Just tell the bugs to lob one closer to us next time.

Did he just call us "bugs"?

upload.wikimedia.orgView Full Size

//I would expect more from a PSyI Lord Cop
2013-02-13 03:36:09 PM  
1 vote:
Cost to catch it, 4 Trillion dollars.
2013-02-13 03:32:29 PM  
1 vote:
Just tell the bugs to lob one closer to us next time.

/yes, I would like to know more
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