The First Crop of Space Mining Companies Didn’t Work Out, But a New Generation Is Trying Again
11th October 2022
Just a couple of years ago, it seemed that space mining was inevitable. Analysts, tech visionaries and even renowned astrophysicist Neil deGrasse Tyson predicted that space mining was going to be big business.
Space mining companies like Planetary Resources and Deep Space Industries, backed by the likes of Google’s Larry Page and Eric Schmidt, cropped up to take advantage of the predicted payoff.
Fast forward to 2022, and both Planetary Resources and Deep Space Industries have been acquired by companies that have nothing to do with space mining. Humanity has yet to commercially mine even a single asteroid. So what’s taking so long?