Scott Moore, the CEO of EuroSun Mining has said "What we're doing on the ground now may be impressive, but like everything else, even gold exploration in space is only a matter of infrastructure. We'll get to it, eventually." He continues and says "This may be the Holy Grail of space exploration for gold, but it won't be the first stop on this adventure. It's already happening from an investment perspective. And the Asteroid Belt is just one aspect of this market. The entire global space market is worth hundreds of billions already."
16 Psych is currently located 750 million kilometers from Earth, currently NASA plans to send their spacecraft Psyche on August 2022 and it will arrive at the asteroid in 2026 after Mars' gravitational pull boost in 2023.
700 quintillion divided by 7.5 billion = 93 billion for each person.
We have some facts about 16 Psyche:
- The asteroid is named after a mythological nymph who was the wife of Cupid
- It was discovered in 1852 by Italian astronomer Annibale de Gasparis
- If the asteroid's proposed value was divided between every human on Earth, each person would receive $93 billion
- Its average diameter is 140 miles (226 kilometers), about the distance between Los Angeles and San Diego or nearly the length of Massachusetts
- Its surface area-246,300 square miles (641,800 square kilometers)-is just a bit smaller than that of Texas
- Radar studies suggest that 16 Psyche is shaped like a potato
- The asteroid is located about 3 times further than the Earth is from the Sun
- NASA's Psyche mission was approved in 2017