BEGIN:VCALENDAR VERSION:2.0 PRODID:-//InvisionCommunity Events 4.7.23//EN METHOD:PUBLISH CALSCALE:GREGORIAN REFRESH-INTERVAL:PT15M X-PUBLISHED-TTL:PT15M X-WR-CALNAME:RMCommunityCalendar NAME:RMCommunityCalendar BEGIN:VTIMEZONE TZID:Europe/London TZURL:http://tzurl.org/zoneinfo/Europe/London X-LIC-LOCATION:Europe/London BEGIN:DAYLIGHT TZOFFSETFROM:+0000 TZOFFSETTO:+0100 TZNAME:BST DTSTART:20250330T020000Z RRULE:FREQ=YEARLY;BYMONTH=3;BYDAY=-1SU END:DAYLIGHT BEGIN:STANDARD TZOFFSETFROM:+0100 TZOFFSETTO:+0000 TZNAME:GMT DTSTART:20251026T020000Z RRULE:FREQ=YEARLY;BYMONTH=10;BYDAY=-1SU END:STANDARD END:VTIMEZONE BEGIN:VEVENT SUMMARY:Economic Corner 20 - 02/26/2025 DTSTAMP:20250226T071744Z SEQUENCE:0 UID:206-7-c3fe8195a3dde498d013e477e2142422@aalbc.com ORGANIZER;CN="richardmurray":troy@aalbc.com DESCRIPTION:\n Economic Corner - Space Mineral Race\n\n\n\n MY THOUGHTS\ n\n I must first say the parts below. \n\n\n\n \n FISCAL NOTES FROM THE ARTICLE OR FROM CITATIONS- quick notes to look at\, all financial info is there\n \n \n CITATION NOTES FOR ARTICLE ELEMENTS- for persons or organiz ations\n \n \n BASE ARTICLE - the main article that inspired this edition \n \n \n INVESTIGATED FINDINGS - other articles I found that are valuable to share\n \n\n\n\n Now... to my thoughts\n\n The history of mineral rush es throughout human history is clear\, 99% who venture for mineral riches end in failure\, so the money in the space mining industry is  and will b e in the support system to mining. SpaceX and others who have affordable w ays to reach outer space will profit on the profiteers. The biggest challe nge legally will be on claims to asteroids and ownership of content back t o earth. Currently no international framework exist and with the governmen ts of USA/China/Russia all in rattle the saber mode\, the legal environmen t for space mining will offer opportunities. The 1% who strike it rich wil l change whole industries on Earth for the mineral resources brought to ea rth will literally augment the quantity and sequentially value of mineral resources on Earth.\n\n Extreme attention need to be made on the managemen t of satellites \, routes into deep space. Depending on the legal scenario \, money can be made by leasing out space in outer space\, for use by spac e miners or others trying to get their project to work most efficiently.\n \n Black countries need to focus on food grown in space. As wealth from ou tside earth joins earth\, it will lead to excess\, and that will need high er demands of food from population growth.\n\n\n\n FISCAL NOTES FROM THE A RTICLE OR FROM CITATIONS\n\n\n\n \n Cost of Brokkr-1 not mentioned public ly\n \n \n Details to Brokkr-1 not mentioned publicly\n \n \n Rideshare on SpaceX is 1.1 million dollars for 200 kilogram slots\n \n \n Astroforg e raised $55 million in funding [ https://www.astroforge.com/updates/firi ng-on-all-cylinders-announcing-40m-and-mission-3 ] fifteen million is fro m private or unlisted. Forty million is from : Nova Threshold {citation :  https://www.gaebler.com/VC-Investors-FAE25306-F35B-4688-AB64-AF128C7CDA3 A-Nova-Threshold } \, SevenSevenSix{https://sevensevensix.com/}\, initia lized {https://initialized.com/}\, Jed McCaleb {http://jedmccaleb.com/ \ ; https://en.wikipedia.org/wiki/Jed_McCaleb}\, Y Combinator { https://ww w.ycombinator.com/ } \, Uncorrelated Ventures { https://www.uncorrelated .com/ } \, Soma Capitol { https://somacap.com/ } \, 468 capitol { http s://468cap.com/ } \, Day one ventures { https://www.dayoneventures.com/  } \, L2 Ventures { https://www.l2v.com/ } \n \n \n Matthew Gialich s tated [goto \"The CEO of Astroforge Matthew Gialich said\" below] the busi ness model of Astroforge relies on SpaceX customer prices.\n \n \n Cost o f Odin - not mentioned publicly\n \n \n Cost of Using undisclosed dishes in  India\, South Africa\, Australia and the United States- not publicly stated\n \n \n The financial goal is to get rare metals in the Platinum G roup [goto \"Platinum Group Metals : \" below]\n \n \n From Mitch Hunter- Scullion\, paraphrase: 117\,000 tons of platinum is about 680 years of glo bal supply\, 1\,000 tons of platinum  is the next half century of mobile phones\n \n \n From Joel C. Sercel industrial steps: 1) living off land i n space - early energy from space [ https://aalbc.com/tc/topic/11498-econ omiccorner017/ ]  2) export products back to earth [ Platinum group meta ls] 3) affordable automated systems will be built for work outside earth 4 ) factories will turn asteroids into products sent back to earth \n \n \n intermittent steps - 1a) high speed internet service will mostly come fr om outer space with hundreds of thousands of satellites 1b) data processin g will need to move into space[the biggest cost of data processing on eart h is power\, solar power in space will make it cheaper] 1c) energy  beame d from space to earth [ maybe earlier than the others] 1d) space products will be built from material in space 2a) space mining will take off with a n off earth infrastructure [ rocket propellant from moons or asteroids\; a steroid or moon rocks to build structures\;] efficient methods will win 2b ) real estate will be the most important industry [ first tourism\, then p eople who want freedom ]\n \n \n The U.S. Commercial Space Launch Competi tiveness Act (H.R.2262) focuses on making guidelines\, but focuses on priv ate public sector\, doesn't speak of penalties\, doesn't speak of continge ncies\, doesn't speak of legal scenarios like ownership claim disputes\, i t brings no clarity on potential international conflicts\, it speaks of de signing plans for safety and management. So financially the lack of clarit y legally will make future investments value unknown based on the unknown legal climate. The act sets up space as an international wild west in spac e.\n \n\n\n\n CITATION NOTES FOR ARTICLE ELEMENTS\n\n\n\n \n Astroforge [  https://www.astroforge.com/ \; https://www.linkedin.com/company/astrof orge/ ] - name of firm attempting to land and mine on asteroid. Only the Rosetta spacecraft of the European Space Agency has achieved a landing on an asteroid before it was on asteroid 21 Lutetia.\n \n \n Ashton Meginnis [ https://www.linkedin.com/in/ashton-meginnis-b2927440/ ]\n \n \n Wesle y Tunelius [ https://www.linkedin.com/in/wesley-tunelius/ ]\n \n \n Ben Fields [ https://www.linkedin.com/in/benjaminozerfields/ ] \n \n \n M att Gialich [ https://www.linkedin.com/in/matthew-gialich/ ]\n \n \n Da vid Gump [ https://www.linkedin.com/in/davidgump/ ARTICLE: https://www. linkedin.com/pulse/asteroid-mining-next-revolution-after-low-cost-launch-d avid-gump/]\n \n \n Deep Space Industries [ https://www.linkedin.com/com pany/deep-space-industries-inc/ ]- sold of in 2019 \, never reached an as teroid\n \n \n Astroforge Demonstration [ https://www.astroforge.com/upd ates/an-update-on-mission-1-mission-2-same-name-new-vehicle-new-standard-f or-space-exploration \; video: https://youtu.be/K83Jp3V_hac?t=340  ]  \n \n \n Athena lander from Intuitive Machines [ https://investors.intui tivemachines.com/news-releases/news-release-details/intuitive-machines-im- 2-mission-lunar-lander-encapsulated-and ]\n \n \n NASA’s Lunar Trailbl azer [ https://www.jpl.nasa.gov/missions/lunar-trailblazer/ ]\n \n \n L icense from the Federal Communications Commission [ https://www.astroforg e.com/updates/fcclicense {International Telecommunications Union defines deep space as greater than 2 million kilometers from Earth. }]\n \n \n Pa rt 5 Experimental Licensing from Federal Communications Commission [ http s://www.fcc.gov/space/part-5-experimental-licensing \; Code for PART 5— EXPERIMENTAL RADIO SERVICE (method to obtain license) {https://www.ecfr.go v/current/title-47/chapter-I/subchapter-A/part-5} \; OET Experimental Lice nsing System { https://apps.fcc.gov/oetcf/els/index.cfm} ] \n \n \n Ast eroid 2022 OB5 [ https://en.wikipedia.org/wiki/2022_OB5 ]\n \n \n Uncon firmed - potentially Astroforge is the only public firm preparing to go to an asteroid\, this does not count completely private or government ventur es\n \n \n Stephanie Jarmak [ https://sjarmak.com/ ] \n \n \n Platinu m Group Metals : ruthenium\, rhodium\, palladium\, osmium\, iridium\, and platinum. (resistant to corrosion found raw in nature/noble\, low quantity on earth/rare\, conducts heat or electricity well/metal)[ https://en.wik ipedia.org/wiki/Platinum_group ] \n \n \n Mitch Hunter-Scullion (he loo ks like a bond villain)[https://www.linkedin.com/in/mitch-hunter-scullion- 2aa921a3/?originalSubdomain=uk]\n \n \n Asteroid Mining Corporation (Thei r mission I quote: Use Space technology to disrupt Earth markets \, Use Ea rth revenue to unlock Space markets)\;(Bond Villainy confirmed) [ https:/ /www.asteroidminingcorporation.co.uk/ ]\n \n \n Joel C. Sercel (cohagen alert)[ https://www.linkedin.com/in/joelsercel/ ] \n \n \n TRansAstra [ https://transastra.com/ ]\n \n \n Video Interpretation of TransAstra bag grabbing an asteroid\n \n \n   \n \n  \n \n \n \n Unconfirme d - Joel C. Sercel states \"not enough P.G.M.s in asteroids to justify tha t as a stand-alone business\"\n \n \n U.S. Commercial Space Launch Compet itiveness Act (H.R.2262)  [ pdf https://www.govinfo.gov/content/pkg/PLAW -114publ90/pdf/PLAW-114publ90.pdf \; html text https://www.govinfo.gov/c ontent/pkg/PLAW-114publ90/html/PLAW-114publ90.htm \; article https://www .geekwire.com/2015/asteroid-riches-president-obama-signs-space-resource-bi ll-into-law/ ] \n \n \n Michelle Hanlon [ https://www.forallmoonkind.o rg/ ] \n \n \n Benjamin Weiss [ https://eaps.mit.edu/people/faculty/be njamin-weiss/ ]\n \n \n Lindy Elkins-Tanton [ https://lindyelkinstanton .com/ ]\n \n\n\n\n UNIFORM RESOURCE LOCATOR BASE ARTICLE\n\n https://www. nytimes.com/2025/02/23/science/astroforge-launch-asteroid-mining.html\n\n\ n\n BASE ARTICLE\n\n Earth’s 1st Asteroid Mining Prospector Heads to the Launchpad\n\n The dream of mining metals in deep space crashed and burned in the 2010s. AstroForge’s Odin mission to survey a potentially metalli c asteroid is packed and ready to lift off.\n\n\n\n By Jonathan O’Callag han\n\n Jonathan O’Callaghan reported on AstroForge in 2023 when its ast eroid mining mission’s destination was a secret.\n\n\n\n Image\n\n Three Astroforge workers in hairnets and blue gloves give a thumbs up to the ca mera as they pose next to a small spacecraft in a large white facility.\n\ n From left\, Astroforge personnel Ashton Meginnis\, Wesley Tunelius\, and Ben Fields with Odin during final assembly testing.Credit...Astroforge\n\ n\n\n Feb. 23\, 2025\n\n A private company is aiming to heave a microwave oven-size spacecraft toward an asteroid later this week\, its goal to kick off a future where precious metals are mined around the solar system to c reate vast fortunes on Earth.\n\n\n\n “If this works out\, this will pro bably be the biggest business ever conceived of\,” said Matt Gialich\, t he founder and chief executive of AstroForge\, the builder and operator of the robotic probe.\n\n\n\n That may sound familiar: A decade ago\, news s tories were aflutter about the wealth promised by asteroid mining companie s. But things didn’t quite work out.\n\n\n\n “We blossomed three or fo ur years too early for the big gold rush of investor enthusiasm for space projects\,” said David Gump\, the former chief executive of Deep Space I ndustries\, one of the earlier batch of would-be asteroid miners. Eventual ly the money dried up\; Deep Space Industries was sold off in 2019 and nev er reached an asteroid.\n\n\n\n AstroForge is betting on things being diff erent this time around. The California company has already launched a demo nstration spacecraft into Earth orbit and raised $55 million in funding. N ow the company is set to actually travel toward a near-Earth asteroid in d eep space.\n\n\n\n AstroForge’s second robotic spacecraft\, called Odin\ , is bundled into a SpaceX Falcon 9 rocket that will also launch a private ly built moon lander and a NASA-operated lunar orbiter as soon as Wednesda y from Florida. About 45 minutes after the launch\, Odin will separate and begin its solo journey into deep space\, while the moon missions — the Athena lander from Intuitive Machines and NASA’s Lunar Trailblazer — t ake off on their own separate journeys.\n\n\n\n No commercial company has ever launched an operational mission beyond the moon\, and AstroForge is t he first company to receive a license from the Federal Communications Comm ission that allows it to transmit from deep space. AstroForge will communi cate with the spacecraft using undisclosed dishes in India\, South Africa\ , Australia and the United States.\n\n\n\n At first\, AstroForge kept its target asteroid a secret\, fearing competitors. But in January\, the compa ny announced the destination\, an object called 2022 OB5. Mr. Gialich said he was more confident of AstroForge’s advantage.\n\n\n\n “We’re the only one that’s actually doing anything\,” he said. “Who else is pr eparing to go to an asteroid?”\n\n\n\n Asteroid 2022 OB5 is small\, no m ore than 330 feet across\, about the size of a football field. AstroForg e’s science team assessed the asteroid by using telescopes\, including t he Lowell Observatory and the Large Binocular Telescope in Arizona\, to es timate its metallic content. They believe that 2022 OB5 is an M-type\, a c lass of asteroids comprising 5 percent of known space rocks that may have a high amount of metal. The analysis of the asteroid has not yet been publ ished.\n\n\n\n Image\n\n A view looking into two very large mirrors of a g round-based space telescope at dusk.\n\n The Large Binocular Telescope in Arizona\, which helped Astroforge’s science team assess Asteroid 2022 OB 5.Credit...Joe McNally/Getty Images\n\n\n\n Stephanie Jarmak\, a planetary scientist at the Harvard-Smithsonian Center for Astrophysics\, said the c ompany’s analysis was plausible.\n\n\n\n “There are several different ways to determine whether it’s an M-type or not\,” she said\, includin g studying the asteroid’s brightness\, or albedo. A higher brightness su ggests the presence of more metal. She lauded the company for being more o pen about its target asteroid. “I thought that was really nice\,” she said.\n\n\n\n M-type asteroids are thought to be rich in metals such as ir on and nickel. These could be useful as a resource for construction in spa ce\, perhaps to build new spacecraft and machinery. However\, some M-types may also be rich in more valuable platinum group metals\, or P.G.M.s\, us ed in devices such as smartphones. The windfall would be huge if these cou ld be mined in abundance and brought to Earth.\n\n\n\n “A single one-kil ometer-diameter asteroid\, if it was platinum-bearing\, would contain abou t 117\,000 tons of platinum\,” said Mitch Hunter-Scullion\, the founder and chief executive of the Asteroid Mining Corporation in Britain. His com pany is taking a slower approach and plans to demonstrate technologies on the moon later this decade.\n\n\n\n “That’s about 680 years of global supply. You’re talking about centuries of platinum demand from a single asteroid\,” Mr. Hunter-Scullion said. “Even if you get 1\,000 tons of platinum\, you’re sitting there with the next half century of mobile pho nes.”\n\n\n\n Not everyone is convinced that so much valuable metal will be found inside M-type asteroids.\n\n\n\n “There’s not enough P.G.M.s in asteroids to justify that as a stand-alone business\,” said Joel C. Sercel\, the founder and chief executive of TransAstra\, a company that is developing a giant bag that could be used to grab and extract resources f rom asteroids in the future. The company will test a small mock-up of the technology aboard the International Space Station following a launch to th e station this summer.\n\n\n\n The legalities of mining asteroids and sell ing their resources remain uncertain.\n\n\n\n In 2015\, President Obama si gned a law allowing asteroid resources to be sold on Earth. But no one has yet put this law to the test.\n\n\n\n “Is AstroForge going to make a cl aim? Does the fact they reach this asteroid before anybody else mean nobod y else can go to it?” asked Michelle Hanlon\, a law professor specializi ng in space at the University of Mississippi. “It’s going to be intere sting to see the international reaction.”\n\n\n\n Image\n\n Looking up a t the payload of a SpaceX rocket just before encapsulation.\n\n Odin\, low er right\, will be hitching a ride with the Athena lander from Intuitive M achines aboard a SpaceX Falcon 9 rocket.Credit...SpaceX\n\n\n\n Odin will arrive in late 2025 after a journey of about 300 days to 2022 OB5. The ast eroid follows an orbit around the sun similar to Earth’s. The probe will fly past the asteroid at a distance of 0.6 miles\, using two black-and-wh ite cameras to snap pictures. Zooming by the object at thousands of miles per hour\, the spacecraft will have an encounter that will last five and a half hours.\n\n\n\n “And it’s probably only the last 10 minutes tha t we’re getting pictures bigger than a pixel\,” Mr. Gialich said.\n\n\ n\n The goal is for these pictures to be enough to tell if the asteroid is metallic.\n\n\n\n “Hopefully it looks shiny\,” Mr. Gialich said. Howe ver\, it’s very possible that any metal could be mixed into the astero id’s soil and not be visible.\n\n\n\n “I’m not sure how much composi tional information they can get purely from images\,” Dr. Jarmak\, the p lanetary scientist\, said.\n\n\n\n Craters on the surface may hint at hidd en metal though\, Mr. Gialich said\, adding: “We expect to see cracking on the surface” that could be indicative of metallic content.\n\n\n\n Th e spacecraft will also precisely track the asteroid’s position in space during the flyby. Doing so could allow the density of the asteroid to be c alculated\, based on its gravitational tug on the spacecraft. Higher densi ty would hint at more metallic content.\n\n\n\n Success is not guaranteed. AstroForge’s first mission\, Brokkr-1\, was launched into low-Earth orb it in April 2023 to test the company’s planned asteroid refining technol ogy. But the mission encountered problems and burned up in the atmosphere. Mr. Gialich said that AstroForge had improved its technologies on the Odi n spacecraft by relying on components produced in-house.\n\n\n\n Vestri\, the third mission of AstroForge\, will be its most ambitious. That spacecr aft\, the size of a refrigerator\, will be designed to land on an asteroid as soon as next year\, possibly even 2022 OB5 if the metallic content is confirmed. Vestri’s landing legs would be equipped with magnets designed to stick to the surface of the asteroid and be capable of estimating how many P.G.M.s are present.\n\n\n\n Image\n\n The Odin spacecraft rests on a small platform in light from the sun at the edge of a large facility.\n\n Testing Odin’s solar arrays with natural sunlight from the loading bays at AstroForge’s facility in SealBeach\, Calif.Credit...Astroforge\n\n\n \n It’s unclear how successful this mission will be. “If it’s made o ut of solid metal it will stick\,” said Benjamin Weiss\, a planetary sci entist at the Massachusetts Institute of Technology. However\, many astero ids are known to be rubble piles\, essentially collections of rocks held t ogether loosely by gravity\, such as the asteroid Bennu that was visited b y NASA’s ORISIS-REx spacecraft.\n\n\n\n “They are barely held togeth er\,” Dr. Weiss said\, meaning that the magnets might just end up pullin g a few rocks away from the surface as the lander drifts away.\n\n\n\n Onl y one spacecraft\, the Rosetta spacecraft from the European Space Agency\, has visited a suspected M-type asteroid before\, a flyby of the asteroid 21 Lutetia in 2010. The presence of metal at that time was inconclusive. A much more capable mission\, NASA’s $1.2 billion Psyche spacecraft\, is currently on its way to an asteroid bearing the same name by 2029. Astrono mers think the asteroid may be a fragment of a failed planet’s core and is rich in metal.\n\n\n\n Results from the Odin mission’s analysis of 20 22 OB5 could be a tantalizing tease for Psyche. “If it turns out it’s made of solid metal\, that would support the idea that some of these large r bodies like Psyche could be the cores of differentiated bodies\,” Dr. Weiss said.\n\n\n\n Lindy Elkins-Tanton at Arizona State University\, the principal investigator on Psyche and also an adviser to AstroForge\, said that the opportunities afforded by commercial deep space missions like Odi n are exciting\, enabling small and fast missions at low cost. “It’s g oing to be a bit of a game-changer\,” she said.\n\n\n\n Others are more focused on what Odin means for asteroid mining in the present tense.\n\n\n \n “It’s probably the highest achievement in the sector so far\,” Mr . Hunter-Scullion of Asteroid Mining Corporation said. Mr. Sercel of Trans Astra also applauded the company.\n\n\n\n “We’re gung-ho for AstroForg e and wish them the best of luck\,” he said. “We’re behind them 100 percent.”\n\n\n\n Now there’s just the small matter of the launch and journey to the asteroid\, and the hope that what Odin finds will lead to t he riches long touted from asteroid mining.\n\n\n\n “If we make it\, I ’m popping champagne\,” Mr. Gialich said.\n\n\n\n INVESTIGATED FINDING S\n\n\n\n Brokkr-1 mission\n\n Uniform Resource Locator\n\n https://youtu. be/K83Jp3V_hac?t=340\n\n Video\n\n\n\n \n\n\n\n  \n\n\n\n SUB TRANSCRIPT\ n\n  \n\n\n\n Brokkr-1 mission\n5:44\nup what are the chances it finds an asteroid and then I guess subsequently what's the chances that it comes b ack so\n5:51\nbroker one went up to show that we could mine an asteroid in space it is just in low earth orbit it is not going outside\n5:56\nof Ear th's gravity well it is orbiting the Earth right now and we'll start exper imentation with it shortly to show\n6:01\nthat we can refine what we expec t to be one of these asteroids right this ball of iron with very high conc entrations of\n6:07\npgms on it okay so there's some low earth orbit aster oid um we brought up our own asteroid oh I\n6:15\ngot it right that this c an work in space yep nobody has been able to really\n6:21\nrefine in space right and that's a big process of what we need to do so we want to prove that in a very cheap easy to\n6:27\nuse 6u cubesat which to be fair SpaceX still has the transporter missions that's what we went on and those are a \n6:32\nfraction of the costs that we could have even got to space 10 year s ago so uh what is that called ballpark to send\n6:37\nsomething up these days um obviously we're under ndas with a lot of these companies we can't talk about well you can go look on spacex's website\n6:43\nright a Ridesh are slot is about 1.1 million dollars to send I I believe those are 200 ki logram slots got it okay\n6:49\nso there's standard ticket prices a millio n bucks it's very affordable we're not talking about tens or hundreds of\n 6:55\nmillions of dollars but the key to your Innovation is you're going t o do the\n7:01\nmining in space so does that mean this I mean uh I'm sorry to be a near right here but does that mean there's like a\n7:07\ndrill bi t on this thing and it's going to drill in take a sample and then process it and say hey this is dust oh\n7:13\nthis is Platinum let the dust flake off and just only\n7:18\nbring Platinum back so the way we do it is we go out to the asteroid we dock with the asteroid use the right word there rig ht these are\n7:24\nvery small bodies they're about 30 meters in diameter uh so we're talking very very small rocks that we're docking\n7:29\nwith w e use a process of directly heating the surface till it vaporizes so there is no actual mechanical Parts here\n7:36\nthis is all done with with a la ser we vaporize the surface we collect that vapor and then we sort it and and this\n7:42\nis essentially the experiment we're testing out in low ear th orbit we've proven it to work in our thermal vacuum Chambers on Earth u h that allows us to\n7:49\nsort out Platinum from stuff we don't care abou t right iron Cobalt other trace minerals in these asteroids and then we\n7 :55\nbring back only the Platinum Group Metals now the reason for that is bringing back is still expensive and\n8:01\nweight in space means a lot we only want to bring back the stuff that's worth a lot of money we are kind of limited on\n8:06\nwhat we can bring back so that's how we do it so the lasers pick out the good stuff\n8:12\nyou sorted out then how does it get back because every time I see something come back it burns up these aster oids burn up\n8:19\nbefore they hit so how is your vehicle designed so tha t it can bring back the\n8:26\npayload and how many ounces is it going to bring back yeah so I mean our vehicle has a heat\n8:31\nshield on it and t he nice thing about our heat shield is we're not bringing back humans we'r e not bringing back really experiments we're bringing back\n8:37\nraw Comm odities right this is a block of metal which means we come in a lot hot an d heavier than really any other\n8:42\nspacecraft there's a lot of uh pres idents for doing this before NASA has done deep space return multiple time s so we really understand the\n8:48\nphysics behind deep space return it a ll comes down to sizing the heat shields correctly got it on average with our\n8:54\nprojections right now and our trajectories we can bring back ri ght around a thousand kilograms of Platinum Group Metals per Mission so th at's what\n9:01\nRaymond will bring back uh what is a thousand kilograms u m it's about a ton it's a metric ton\n9:07\nwow pgm's permission you can b e able to bring a ton back okay so how big is your vehicle is it like the size of the\n9:12\nvehicle a car it's not that big the vehicles that we wi ll mine with are about 200 kilograms\n9:18\nwhat's the size of them she sa id the the the the asteroids were about 100 feet wide or something so the vehicle itself\n9:24\nis ten feet the size of a mini fridge it is not a bi g vehicle when you look at it\n9:30\nyeah well Platinum is very very dense right so kind of weight is very very high so we store this metal right be hind the heat shield it's volumetrically\n9:36\nactually not that much mat erial that we bring back if you can tell from the\n9:41\npodcast lately we 've been doubling and tripling down on Founder University launch in fact i t's basically the future\n9:48\nof our Venture Capital firm and that's awe some because I'm working with a couple of hundred early stage Founders\n9: 53\nreally early and getting to see what tools they use you know what tool they show up with most they show up with\n9:59\nSquarespace they put up t heir first website instantly quickly with Squarespace and it's beautiful a nd it\n10:04\nmakes them look like a million bucks the thing you may not b e aware of is that Squarespace beyond the beautiful templates that make yo ur company look\n10:11\nlike a million bucks and that work on mobile it's not just a pretty website it\n10:16\nis a powerful e-commerce platform now and they have member areas what's a member area you know people like to s ell\n10:22\ncontent now and premium content it's a big business well they have that built in to Squarespace and they don't take\n10:29\nyou know dou ble digit percentages of your Revenue like those other platforms do and th ey also have appointment\n10:34\nscheduling so you know if you're doing a business where you're a consultant you want to charge for your time well y ou\n\n\n\n\n IN AMENDMENT\n\n The CEO of Astroforge Matthew Gialich said [  https://youtu.be/K83Jp3V_hac?si=3bxF2s0s9e2HxiNQ ] \n\n SUB TRANSCRIPT \n\n\n\n 24:43\nhope to do at the end of this year and none of this would have been possible if SpaceX hadn't figured out how to do what they do abs olutely not let's be honest\n24:50\nabout this Elon led the way here he sh owed that you know if he got the money for building Falcon 1 through Falco n 9 and dragon that there was a huge kind of\n24:56\npot of gold at the en d of that rainbow and this really allowed VC to open up to say uh holy sh these companies can\n25:03\nactually exist and they're possible and I mean again 20 years ago I think we would have been laughed out of every room b ecause it just wasn't feasible to\n25:10\ndo in fact you saw this right pl anetary resources and Deep Space Industries the two asteroid mining compan ies that came\n25:15\nbefore us they're cost models were just so much high er than ours are now to go try to do the same thing I mean I those\n25:22\ nboth of those Founders have been awesome and been very helpful to us and I think their timing was just off I think the timing is now for this to ha ppen due to\n\n\n\n\n  \n\n\n\n  \n\n\n\n Building Civilization in Space | Joel C. Sercel\n\n URL\n\n https://www.youtube.com/watch?v=rBZ3GaNeUbo\ n\n VIDEO\n\n\n\n \n\n\n\n \n\n TRANSCRIPT\n\n\n\n 0:00\nsome people think that we can go into\n0:01\nspace by just launching everything from\n0:03\ nthe earth and going out and living on\n0:05\nwhat we brought that's paten tly absurd\n0:08\nthat would be like what if the original\n0:11\nsettlers that came to North America\n0:13\nbrought all of their food and all of\n0: 17\ntheir housing with them on ships it\n0:19\nwouldn't be able to last yo u have to be\n0:21\nable to grow your own food and live off\n0:23\nthe lan d of where you're going so space\n0:25\nmining to a first approximation is just\n0:27\nlearning how to live off the land in\n0:29\nspace as we settl e space and then as we\n0:32\ndo that we will be\n0:34\nexporting products back to the Earth the\n0:37\nfirst products that we'll be exporting\n0:39 \nback to the Earth are is the information\n0:42\nand energy that comes fr om satellites\n0:43\nthat are built in space out of space\n0:45\nresources but later we'll be bringing\n0:47\nback precious metals like Platinum Gro up\n0:49\nMetals which are you know often more\n0:51\nvaluable than gold a nd then\n0:53\neventually as manufacturing becomes\n0:55\nfully automated with robots we'll\n0:58\nessentially have giant robotic factories\n1:01\nt hat consume asteroids turn them into\n1:03\nmanufactured goods and Export that all\n1:06\nthe way to the Earth internet in space\n1:08\nis starting to vastly outperform\n1:10\ninternet here on the earth that's step\n1:12\n one and over the next five years or so\n1:15\nwe'll see that a massive pro liferation\n1:17\nof that where the number of people\n1:19\ngetting their high-speed internet from\n1:20\nspace will grow\n1:23\nexponentially as we have tens of\n1:25\nthousands and then maybe a hundred\n1:27\nthousand or hundreds of thousands of\n1:28\nsatellites in Earth orbit\n1:30\nall conn ecting and as the Global\n1:32\nCommunication Network just goes into\n1:34 \nspace because there are fundamental\n1:35\nreasons why it's better to pu t Comm in\n1:37\nspace than on the ground data processing\n1:40\nwill need to move into space right now\n1:42\ntoday on the earth the biggest cost o f\n1:44\ndata processing is power but very\n1:47\nquickly it's actually be coming cheaper\n1:49\nto generate power in space than on the\n1:50\nground because in up in space you don't\n1:52\nhave to deal with weather and cli mate\n1:55\nday night cycles all that sort of thing\n1:57\nshortly\n1:58\n thereafter it'll be actually coste\n2:00\neffective to generate power in s pace and\n2:02\nbeam the power down to the Earth about\n2:05\nthe time tha t happens it will be more\n2:06\ncost effective to build the satellites\n2 :09\nand infrastructure in space out of\n2:11\nmaterial harvested in space rather than\n2:13\nlaunched up from the earth that's when\n2:16\nspace mi ning really starts to take off\n2:18\nin a huge way we'll use rocket\n2:20 \npropellant harvested from the Moon and\n2:22\nthe asteroids to get aroun d CIS lunar\n2:24\nspace we'll use elements that are\n2:27\nreadily abunda nt in asteroids that are\n2:29\nnot abundant on the moon to build some\n2: 31\naspects of the structures other things\n2:33\nwill be made out of luna r materials so\n2:35\nthere'll be a complex space economy\n2:38\nwhere all this is optimized by the\n2:40\nInvisible Hand of Adam Smith a factor\n2: 43\nthat cannot be ignored is the importance\n2:45\nof real estate real es tate will be the\n2:47\nultimate killer app in space that is\n2:49\nsometi mes people just want to have a\n2:52\nplace to live where nobody else is\n 2:54\nspying on them or intruding on their\n2:57\nactivities real estate w as the big play\n2:59\nthat led led to the settlement of North\n3:01\nAmer ica the pilgrims were here for\n3:03\nfreedom and to be able to live the t he\n3:05\nway they wanted to initially the real\n3:08\nestate play will be tourism space hotels\n3:10\nand then as it becomes more and more\n3:12\nc ost- effective people start to bring\n3:14\ntheir families and live perman ently in\n3:15\nspace space mining especially things\n3:18\nlike going aft er Platinum Group metals\n3:19\nfrom asteroids makes no sense based on\n3: 23\nthe economics of 2010 or 2015 it was\n3:27\njust too expensive to get into space too\n3:29\nexpensive to make spacecraft too\n3:30\nexpensive to get around its space but\n3:32\nthe big change that's happening now is\n3 :35\naffordability and with affordability it\n3:37\nmakes sense there's a\ n3:40\nhuge reduction in the cost of getting\n3:42\ninto space and buildin g space Hardware\n3:44\nthat's coming on the space Hardware side\n3:47\nwe 're going from the military industrial\n3:49\ncomplex building Exquisite s pace\n3:51\nHardware that cost upwards of a\n3:53\nmillionar a kilogram to build so that\n3:55\nmeans that a spacecraft that weighs on\n3:58\nthe or der of th000 kilog or so could\n4:01\ncost on the order of a billion dolla rs\n4:04\nto spacecraft on that order costing as\n4:09\nmuch as a high-end sports\n4:11\ncar so as costs come down the number of\n4:15\nbusiness mod els that can make sense in\n4:17\nspace and the activities in space that\n 4:20\ncan close the business pro\n4:24\nproposition\n4:26\nexponentiate th ree years ago I was\n4:29\ninvited as a consultant to advise some\n4:31\ni nvestors on rockets and I said hey\n4:35\nwithin a few years we'll be laun ching\n4:37\nFalcon 9es 100 times a year they laughed\n4:40\nthey actually \n4:42\nlaughed SpaceX is launching more than\n4:44\n100 Falcon 9es this y ear and Starship is\n4:48\na huge leap Beyond Falcon 9 and the cost\n4:51\ nfor launch into space with Starship is\n4:54\ngoing to collapse even more and then\n4:57\nJeff Bezos and blue origin are planning\n5:00\nto launch new Glen for the first time\n5:02\nwithin a matter of weeks we have two\n5 :05\nheavy launch Vehicles both massively re\n5:10\nreusable as we get the race to the\n5:12\nbottom end price all kinds of new\n5:13\nbusiness mode ls emerge so the big\n5:16\nrevolution that leads to massive changes\n5:19 \nin space industrialization is low single\n5:23\ndigits of years\n\n\n\n\ n \n\n Prior Edition : https://aalbc.com/tc/topic/11503-economiccorner019 /\n\n\n\n  \n\n\n\n \n\n space mining\n\n\n\n POST URL\n\n https://aalbc. com/tc/topic/11507-economiccorner020/\n\n\n\n PRIOR EDITION\n\n\n\n https: //aalbc.com/tc/events/event/202-economic-corner-19-02232025/\n\n\n\n NEXT EDITION\n\n\n\n https://aalbc.com/tc/events/event/322-economic-corner-21-0 6032025/\n\n\n\n  \n\n\n\n \n\n DTSTART;VALUE=DATE:20250226 RRULE:FREQ=YEARLY;INTERVAL=1 END:VEVENT END:VCALENDAR