The Gem of the Cosmos: Asteroids
Asteroids have long intrigued scientists and entrepreneurs due to their rich deposits of metals and other rare materials. The asteroid 16 Psyche, for example, is estimated to hold resources worth about $700 quintillion, illustrating the vast potential wealth available in space. Various companies, including Planetary Resources and Deep Space Industries, have initiated efforts to identify asteroids that could be viable targets for mining. They have cataloged over 15,000 asteroids, some of which are believed to contain significant concentrations of precious metals such as gold, platinum, and iridium.
In addition to metals, asteroids may harbor valuable volatiles, such as water—crucial for future space missions. Water can not only supply drinking needs for astronauts but can also be converted into hydrogen and oxygen, serving as rocket fuel for spacecraft, thereby simplifying and reducing the costs of planetary exploration.
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