Artist concept of the Robotic Asteroid Prospector. Credit: Marc Cohen et al.

Study Looks at Making Asteroid Mining Viable

by ANDY TOMASWICK on September 25, 2012

There’s been a lot of buzz in the media lately about mining asteroids, largely brought on by the introduction of Planetary Resources, Peter Diamandis’ new venture into the industry. But is this business proposition actually viable? NASA’s Innovative Advanced Concepts is funding a study that hopes to answer that question.

Called the Robotic Asteroid Prospector proposal, the project is part of the NIAC’s Phase I program awardees. It is headed by Dr. Marc Cohen, an architect based in Palo Alto California, with help from Warren James, a trajectory expert, Kris Zacny, a roboticist at Honeybee Robotics and Brad Blair, a mineral economist. Their proposal studies the fundamentals of some major questions facing the asteroid mining industry. What kinds of mission and spacecraft design are necessary? Is the right kind of mining technology available? And most importantly, is there even a viable business model for doing it in the first place?

Read more: Study Looks at Making Asteroid Mining Viable — Universe Today

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