Asteroid mining will produce the world’s first trillionaire, according to Goldman Sachs


There’s lots of ways to make money here on planet Earth, but the world’s first trillionaire is going to make their fortune in space. That’s the prediction of Goldman Sachs, who sees space mining as the next frontier in fortune building. According to the investment and banking company, technology is approaching a point where mining asteroids is nearing feasibility, and the first company that makes the leap will be rewarded with riches beyond its wildest dreams.

Mining for valuable materials here on Earth has plenty of legal hurdles attached to it, but lawmakers are already clearing the way for asteroid mining in the anticipation of it becoming a viable business. The EU already has a legal framework in place that will allow companies to claim materials from asteroids as their own, collecting whatever revenue they can once they haul it back to Earth.

“While the psychological barrier to mining asteroids is high, the actual financial and technological barriers are far lower,” a Goldman Sachs report explains. “Prospecting probes can likely be built for tens of millions of dollars each and Caltech has suggested an asteroid-grabbing spacecraft could cost $2.6 billion.” – READ MORE

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