Connect with us

Tech

What Happened To Space Mining?

Published

on



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. After all, the holy grail of asteroids, known as 16 Psyche, had an estimated worth of $10,000 quadrillion. But fast forward to 2022, and humanity has yet to commercially mine even a single asteroid. CNBC spoke to two California startups, AstroForge and TransAstra, about how they are trying to make space mining a reality and the challenges they face.

Chapters:
01:42 – Burst of the space-mining bubble
4:43 – A new understanding of space mining
7:15 – TransAstra
10:34 – AstroForge
13:47 – Challenges

» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision

About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.

Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC

#CNBC

What Happened To Space Mining?

source

Continue Reading
48 Comments

48 Comments

  1. @sethc4758

    January 5, 2024 at 1:51 pm

    0:51 yeah sure it does… until you realize there is no where near that much money on earth, theres like 50 trillion in liquid currency so if we put every last dollar towards buying all that unique metal, we would have to print another "10,000 quadrillion dollars" just to have enough money to pay the value they say its worth. you cant introduce an unprecedent amount of new unique metal and then still expect todays price for that unique metal. markets are based on supply and demand. there is only so much currency to go around, if you suddenly introduce loads of a previously limited material, the price of that material is obviously going to plummet. not rocket science.. its embarrassing mainstream media would promote such nonsense.

  2. @s.b.2648

    January 5, 2024 at 1:51 pm

    Scientists, right now, cannot figure out how to divert astroids that are in a path to hit earth – don’t know how to move them away. “Mining Astroids” need a gigantic towing system to move them.

  3. @americanveteran1382

    January 5, 2024 at 1:51 pm

    I predicted this

  4. @anthonyfrias5533

    January 5, 2024 at 1:51 pm

    At least we'll have a permanent space colony by the end of the decade

  5. @perfectogelsonagualada5743

    January 5, 2024 at 1:51 pm

    The Worth and Value 🎉 of Mining And creating and Support Life 😎🥸

  6. @gavhoffdrums3129

    January 5, 2024 at 1:51 pm

    Mining asteriods won't happen in our lives , period! As long as humanity values money over exploration it will take a vary long time to come close to commercially mining asteroids. It dosnt make sense and it never will untill more break throughs happen, i would say its more likely we figure a way to make these rare metals for cheaper then it would be to go het them

  7. @CallMeMrAnderson

    January 5, 2024 at 1:51 pm

    Care packages from space. Crazy.

  8. @OLDUSAFMedic

    January 5, 2024 at 1:51 pm

    This is a typical BS report from CNBC that sensationlizes everything. Only an asteroid that just happens to be 90% Platinum could produce the results they claim here. They present the pro data but leave out the cons.

  9. @KevanleeRice

    January 5, 2024 at 1:51 pm

    Theres still a metal we havnt discoverd yet like cur for cancer they talkin trillions

  10. @KevanleeRice

    January 5, 2024 at 1:51 pm

    Our grand chilren future

  11. @ducatirider7

    January 5, 2024 at 1:51 pm

    Recruiting PSYOP operation paid for those things!

  12. @phoso1

    January 5, 2024 at 1:51 pm

    A lot of bad characters are involved to raise capitol for their own benefit. And what about the bacteria or unknown living organisms these rocks are carrying? 🪱

  13. @kristopherleslie8343

    January 5, 2024 at 1:51 pm

    We have 100 billionaires that can afford it

  14. @mistycloud4455

    January 5, 2024 at 1:51 pm

    space mining is truly the future

  15. @BlazinRiver1

    January 5, 2024 at 1:51 pm

    This will be kept secret as long as possible. The US, or any country, that successfully mines in space will destroy the economy…the gold standard. There would be a major reset. World banks would collapse. There would have to be a major shift in world economics. Any of this sound familiar?
    Tic-tac technology is just the tip of the iceberg people. Trillion$ missing from pentagon budget. So called "SMART" people will poo poo this. The closed minded robots will say this is fantasy. We are being distracted for a reason.

  16. @user-oe2dw3vq5x

    January 5, 2024 at 1:51 pm

    For the betterment of humanity?… mmmm maybe… how about to make the rich richer and the poor… the same…

  17. @Jimbogf

    January 5, 2024 at 1:51 pm

    Need reliable cheap access to space…

  18. @calvinduke4810

    January 5, 2024 at 1:51 pm

    No man's sky

  19. @ExcaliburCanon-eh3lu

    January 5, 2024 at 1:51 pm

    🤑🤤 space mining 🪨🤩

  20. @ericg2167

    January 5, 2024 at 1:51 pm

    Imagine mining a diamond asteroid and sending it back to earth. Diamond values would collapse. It's valued as a rare mineral, but if tons of it is suddenly available, it falls to a value of copper or silver or lead. Find something that Earth doesn't have. Then you're wealthy. Anything else is just screwing with the world economy.

  21. @meteorite1975

    January 5, 2024 at 1:51 pm

    Beautiful video 🎉🎉❤❤

  22. @jamesdale6967

    January 5, 2024 at 1:51 pm

    🤔🧐 So we are hollowing out the planet (Earth) . Then add more weight. On the surface 🤨. Water or the gases. I can see.

  23. @daveoatway6126

    January 5, 2024 at 1:51 pm

    Seems a natural for SpaceX. How do these startups plan to get to space? SpaceX is the logical choice. Why provide just the ride when they need the minerals?

  24. @user-dz8xk6so1m

    January 5, 2024 at 1:51 pm

    Dreaming is for free,,,
    The only human being on earth,,WHO COULD BE ABLE. TO GO. THAT FAR,,IS ELON,,,MUZK. NO-ONE ELSE,,BUT HIM,,,,

  25. @squibbelsmcjohnson

    January 5, 2024 at 1:51 pm

    Sounds good.. Once it happens once it's set.. Trillions of dollars on 1 asteroid.. What's spending a few billion.. But it's finding those many billions first which is the problem… Even 1 ton of asteroid material brought back

  26. @dboyette42

    January 5, 2024 at 1:51 pm

    It's just a rock like gold and if you can't eat it or make it a tool it's worthless.

  27. @KC-kq3iv

    January 5, 2024 at 1:51 pm

    "Aw say aw say" there gold on them there rocks.

  28. @roxastakumi1314

    January 5, 2024 at 1:51 pm

    We need gravity to attract asteroid then net with parachute haha

  29. @LeoDas688

    January 5, 2024 at 1:51 pm

    Mining in earth will destroy nature but we need the minerals ,only way to save earth and progress in tech innovation is to mine space

  30. @The_Crazy_Monkey75

    January 5, 2024 at 1:51 pm

    People talking about asteroid mining like going back and forth to the asteroid and Earth is easy and cheap.🤣

  31. @timothystewart5745

    January 5, 2024 at 1:51 pm

    Yup they actually building it too

  32. @randymcturnan2520

    January 5, 2024 at 1:51 pm

    I seriously believe the moon should be off limits to any mining efforts. The earth is dependent on the moon for stability and other things. If anything were to happen, we'd be up salt creek without a paddle. Remember what happened in Space 1999? lol

  33. @power2084

    January 5, 2024 at 1:51 pm

    This needs to be debunked by Thunderf00t.

  34. @southtexasprepper1837

    January 5, 2024 at 1:51 pm

    The problem with Hollywood (aka "Hollyweird") is that they tend to lampoon any realistic concept of a probable future up until the time it actually happens. Then, people will look back and see how utterly ridiculous Hollywood (aka "Hollyweird") was lampooning a possible realistic future. This is the same industry that laughed at people who were trying to build heavier-than-air aircraft before the Wright Brothers came along to prove them wrong. The Future of Space Mining will take money, time and effort. When it does happen, Hollywood (aka "Hollyweird") will end up eating up a lot of crow. I'd suggest that they start sitting themselves at a table and get ready to eat a lot of it.

  35. @BoycottChinaa

    January 5, 2024 at 1:51 pm

    Brando n

  36. @stevenshiller1600

    January 5, 2024 at 1:51 pm

    Neil deGrasse Tyson will study space mining with Bornwell.

  37. @Incorruptus1

    January 5, 2024 at 1:51 pm

    What happens when we increase Earth's mass, to Earth itself, it's orbit, it's trajectory, the moon, etc. If we do this on the scale planned, than that will certainly need to be investigated, before engaging on it.

  38. @harryjones5260

    January 5, 2024 at 1:51 pm

    scientist: best use of water is for rocket propellant

  39. @spiderus14

    January 5, 2024 at 1:51 pm

    9:58
    4:00 metals

  40. @user-tv2ei8gr1f

    January 5, 2024 at 1:51 pm

    The government wont even let anyone own a movie they write about it or a copyright movie or game about it. So let go. Were enslaved. This a civil war. A revolutionary war. A world war. A terrorist war. A street war. A cyber war. A nuclear war. Get over it. Let go.

  41. @user-tv2ei8gr1f

    January 5, 2024 at 1:51 pm

    A big giant Space age incinerator fir dead bodies that they say isn't.

  42. @user-tv2ei8gr1f

    January 5, 2024 at 1:51 pm

    A big lie how they embezzle all the money and cover up the millions of dead bodies each year.

  43. @user-tv2ei8gr1f

    January 5, 2024 at 1:51 pm

    The government is lying.

  44. @user-tv2ei8gr1f

    January 5, 2024 at 1:51 pm

    The government won't even let you own a boat or a plane why make the government anything.

  45. @user-tv2ei8gr1f

    January 5, 2024 at 1:51 pm

    Enslavement is all that all that stuff becomes and then the theifs and enslavement the cops and sheriff and government goes to jail or dies.

  46. @user-tv2ei8gr1f

    January 5, 2024 at 1:51 pm

    Free the space program.

  47. @user-tv2ei8gr1f

    January 5, 2024 at 1:51 pm

    Free earth.

  48. @user-tv2ei8gr1f

    January 5, 2024 at 1:51 pm

    Nope. Get back in your coo car and sherrif car and drive back to the fourth century were they were slaves or just keep working at a prison instead of try to enslave humanity and real military scientists and private corporate officers and privately held copyright and patents.

Leave a Reply

Your email address will not be published. Required fields are marked *

Tech

How The U.S Became So Dependent On Taylor Farms

Published

on

By



Taylor Farms has been linked to cyclosporiasis and salmonella outbreaks this summer. After years of consolidation, experts say the company’s ability to control every stage of the supply chain has made it indispensable to grocers and restaurant chains, while raising the stakes for consumers when things go wrong. CNBC food and wellness reporter Brandon Gomez explains how the U.S. became so reliant on Taylor Farms.

Chapters:
0:00 Introduction
1:40 Chapter 1: Concentration of risk
6:35 Chapter 2: Food giants’ reliance on Taylor Farms
7:30 Chapter 3: Does America have a better option?

CREDITS:
Reporting by: Brandon Gomez
Produced by: Ryan Baker
Edited by: Darren Geeter, Andrea Miller
Camera and Additional Reporting: Natalie Rice
Animation by: Jason Reginato, Emily Park
Senior Managing Producer: Tala Hadavi
Additional Footage: Getty Images

» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision

About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.

Want to get ahead at work? Then you need to learn how to make effective small talk. In CNBC’s new online course, How To Talk To People At Work, expert instructors teach you how to use everyday conversation to gain visibility, build meaningful relationships and advance your career. Sign up now: https://cnb.cx/4sGlSkh

Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC on Threads: https://cnb.cx/threads
Follow CNBC News on X: https://cnb.cx/FollowCNBC
Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC

#CNBC

How The U.S Became So Dependent On Taylor Farms

source

Continue Reading

Tech

Meerkat vs. Periscope: Live-Streaming Apps | Tech Bet | CNBC

Published

on

By



Is live-streaming going to be the next big thing that occupies everyone’s time on social media? Meerkat and Periscope, two new apps, are betting so. CNBC’s Dominic Chu compares the platforms.
» Subscribe to CNBC: http://cnb.cx/SubscribeCNBC

About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.

Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Find CNBC News on Facebook: http://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC
Follow CNBC News on Google+: http://cnb.cx/PlusCNBC
Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC

Meerkat vs. Periscope: Live-Streaming Apps | Tech Bet | CNBC

source

Continue Reading

Tech

Meta’s more sophisticated AI model Muse Spark is here, with ‘contemplating’ mode

Published

on

By



Meta has quietly rolled out the most sophisticated version of its Muse Spark AI model, which deploys multiple agents to research and synthesize a consolidated answer. CNBC’s Julia Boorstin has more.

source

Continue Reading

Tech

Tesla And Former Camera Supplier, Mobileye Engage In Public Dispute | Tech Bet | CNBC

Published

on

By



Tesla chief executive fires back at Mobileye on safety concern accusations.
» Subscribe to CNBC: http://cnb.cx/SubscribeCNBC

About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.

Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Find CNBC News on Facebook: http://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC
Follow CNBC News on Google+: http://cnb.cx/PlusCNBC
Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC

Tesla And Former Camera Supplier, Mobileye Engage In Public Dispute | Tech Bet | CNBC

source

Continue Reading

Tech

Google Built A Synthesizer That Uses A.I. — And You Can Make Your Own | CNBC

Published

on

By



You can’t buy Google’s latest hardware project, but you can 3-D print one.
» Subscribe to CNBC: http://cnb.cx/SubscribeCNBC

About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.

Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Find CNBC News on Facebook: http://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC
Follow CNBC News on Google+: http://cnb.cx/PlusCNBC
Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC

Google Built A Synthesizer That Uses A.I. — And You Can Make Your Own | CNBC

source

Continue Reading

Trending

On this website we use first or third-party tools that store small files (cookie) on your device. Cookies are normally used to allow the site to run properly (technical cookies), to generate navigation usage reports (statistics cookies) and to suitable advertise our services/products (profiling cookies). We can directly use technical cookies, but you have the right to choose whether or not to enable statistical and profiling cookies. Enabling these cookies, you help us to offer you a better experience.