Who Wants To Be A Trillionaire? | GIANT LEAP Ep. 4
I. Earn. Gold. Copper. Minerals. Are the lifeblood of the world's economy from. The Arctic Circle to the Sahara Desert the, 1.7. Trillion, dollar mining, industry, supplies, raw materials, needed for everything, from, skyscrapers to, smartphones, but. Mining also comes with an increasingly, critical, environmental. Cost one. That may require us to think about off-planet solutions, before. It's too late. Asteroids. Moons and planets in, our own solar system hold. An essentially, unlimited supply. Of untapped, resources. The. First trillionaires. Will. Be those who mine, asteroids. Resources. Like gold platinum, and rare earth metals, make, some of those asteroids, incredibly. High-priced, but. The most valuable elements, may be our most basic one what, you want to mine and space is what you need a lot of and while. Humans have been mining for thousands, of years mining. In space requires, new innovative, technologies, to realize any potential, business and economic, opportunities. Such. Technologies, might just allow humanity, to expand, operations off earth and take, that next giant, leap. These. Tiny, dots represent. The millions of asteroids in our solar system. Over. The past two decades government, and private aerospace companies, have been investigating. Their composition. Location. And even, possible, payoffs to mine them. This. One known, as Venu has an estimated, value of 669. Million, dollars. Ryu, gu eighty two billion dollars, better. Yet an asteroid. Called dabba de which, is valued at more than a hundred trillion, dollars, and the. Reason for these high price tags they're, made up of valuable, metals like platinum gold. And iron, we believe that asteroids. Have platinum. Group metals rare. Earth metals in high, percentages, and you might find on the moon for instance, only. Once in human history has an asteroid sample been brought back to earth on, the, Japan aerospace exploration. Agency's. Hayabusa. Mission in 2010. And even. Then the returned sample, was merely dust particles, and the. Total cost of that mission, approximately. 250, million dollars. One. Problem is that. Compared. To the moon there's. Very little gravity so. Somehow you have to attach yourself to the asteroid. Whereas, on the moon the, gravity will hold your processing. Equipment in place so. The. General answer to the question, can. We bring, materials. Mined in space back to earth and the general answer is no. Bringing. Things from space, to, earth only. Makes, sense if what, is retrieved, is so extraordinarily. Valuable. And, just. Not available on earth and even. Returning, the most valuable asteroids, could, drastically devalue, those materials. Take. Asteroid, 16, psyche, for instance NASA, is constructing, a probe to launch in 2022. To, study the potato shaped objects, which, is roughly 95%, metals. Nickel. Iron platinum. And even, gold, some. Estimates, value the asteroid at 700. Quintillion. Dollars. NASA. Says, it may be the inner core of a developing, planet that, somehow lost its outer layers offering. Incredible insight, into how, planets, are formed if, someone. Did manage to bring large amounts of this asteroid, back to earth supply. Of the resources would skyrocket, meaning. We'd have more of the material than we would have a use for causing. The price to, crash to almost zero. Once. We around the rarity. Of a high-value metal. Or mineral the. Value, of that terrestrially. Could drop significantly, experts. Agree that a more likely scenario is materials. Mined in space will stay in space jump. Starting, a whole new money-making, industry. Any. Spacefaring. Nation, will. Have looked, at what's called in situ, resource utilization which. Is a very common space, term meaning. You. Use the resources where you are so taking that model of. If. You need it in space mining in space what, would you be mining mostly.
You Need fuel. There's. Something else much more valuable for use in space that's, abundant, on earth. Water. Not. Only can water sustain, human and plant life for future manned space missions, the. Components, of water hydrogen. And oxygen, can also be separated and reassembled, to make fuel, the. Zero emission fuel, called, hydrogen, fuel is the same used in spacecraft, propulsion and, fuel, cell vehicles. Hydrogen. Fuel research in this new space race could also spur new technologies. That can help fight climate change by speeding, the elimination, of fossil fuel use on earth and, there's. Already a high demand for it and an. Immediate business opportunity, for, risk tolerant, companies, wishing, to make a fortune. In. A 2018, paper by industry, government and academic, experts they. Estimated, that for an initial four billion dollar investment in a moon water mining, operation, which, is about the cost of a luxury hotel in Las Vegas about. 2.4, billion dollars, in revenue could be generated, annually, the, sort of business case 101 from, mining in space is if, you're going to launch something from Earth it's going to cost you about, 10. Or 20,000, dollars. Per kilo to get into space so, if you need water for something in. Space and. You can produce it for less than ten thousand dollars a kilo then. Do. It in space. Do. United Launch Alliance ula, they, have put a price on water in space, they have said we'll give you this amount of money from the water which means people, who are going out and trying to produce. That, water now have. A, customer. In. 2016. The ula announced, is willing to pay around three thousand, dollars per kilogram for. Talent in an orbit less than 2,000, kilometers in altitude called. Low-earth, orbit, compared. With the estimated, price of $4,000. Per kilogram to deliver the propellant, from Earth most. Experts, believe the moon is a logical, starting point for this it, has more gravity, than an asteroid, making, it easier to land and its poles are thought to hold vast amounts, of water ice that. Potential. Volume of water has, made it the focus of NASA's Artemis, program which aims to land astronauts, on the moon's southern, Pole and also, make the space agency, a critical, first customer, for any water harvested. On the moon China India, Israel. The. US Europe. Everyone. Is now sort of focusing on the way and. All of these government, programs are looking to set up shop for, a water mining, future, a, fueling. Station on the moon could ultimately make current space ventures much, cheaper, and make future space missions possible. Although entirely, theoretical, at this point here's how it could play out water. Is mined on the moon and a fueling station, is set up this, would provide the first customers, most likely government agencies, with water for human consumption, and fuel, for spacecraft water.
Derived, Fuel could also be harvested, on an asteroid, vehicles. Or propellant, transports, then carry the fuel from the surfaces, to a stable storage point between the earth and the moon fueling. Stations, can also be set up in low-earth orbit, making it accessible, to satellites, and other spacecraft as, of, now satellites. That run out of fuel are decommissioned, extra, fuel would allow them to stay in their orbits increasing. Their lifespan. Since. Using a rocket to get fuel out of Earth's atmosphere is expensive, refueling. In low-earth orbit can greatly improve the size type. And cost of missions in space the, commercial, launch industry, like SpaceX, would also benefit, from these fuel depots, the. Use of lunar base propellant, and commodities, may also provide a stepping-stone for interplanetary, exploration. But. While there has been a renewed interest in the moon it, hasn't been easy in just. 2019, missions. To the moon sir by both India, and Israel resulted. In landing failures, and the, technology, to mine and extract these potential, water reserves, on the moon and beyond is still unproven but some, entrepreneurs, are still optimistic. The. Answer is yes the, technology, exists, we, can put something together we, can send something to the moon that. Can mine water. So, we we are sort of like a trailblazers, trying to figure out what's going on in the moon what's, below the surface me, honeybee, robotics they. Designed drills used in NASA's past Mars missions, and have, sampling, and mining systems going, on future planned missions to the moon Saturn's. Moon Titan Mars. Moon Phobos and, Jupiter's, moon Europa, we've. Been focusing, on developing, high-end, fully autonomous, trading systems from. Literally iPhone, size all. The way to the size that cannot, fit inside this vacuum chamber behind me and. That's. Why NASA has long relied on their expertise, unlike. Your everyday drill, from the hardware store their, drills overcome, the numerous limitations, of space which, include extreme temperatures, and low gravity that, means, you, have to be very. Very, imaginative. Very innovative to, solve these problems. You essentially trying to do what we do here in the earth but, with a fraction, of the power with. A fraction, of a mass with. A fraction of the volume and. Drilling. Is unforgiving. If, you get stuck if. Something, goes wrong there. Is no second chance, the. Difficulty, in drilling would delay placement, of the second probe until the next day one. Of their innovative ideas called planet vac uses. Compressed gas to shoot material, into a sample container it's. Ergonomic, design allows, it to be inside the foot of a lander, and. Was chosen to go with NASA funded payloads, to the Moon and Mars moon. Phobos. For. Mining and extracting, water on the moon they created, the planetary, volatiles, extractor. Or P vex and it, not only drills, it, mines. It's. Based off a drill that removes a cylinder, of material, called a coring, drill but it's not just any coring, drill it's a it's a system, with heaters on the inside, so. You drill down the required depth you heat up the material. That's, on the inside of, a coring drill and ice. Turns, into vapor and vapor, moves up the coring drill into a cold finger so, you're capturing, what a vapor like for, example in your freezer when you have condensation give X is a mining system it can actually get into. The soil it, can actually extract water, you, can actually capture this water in, a separate container we have all the pieces together, and. We can go to, the Moon or Mars and mine, it, when. It's tested on the moon which may happen in the next couple of years P vex will be the first end-to-end, mining, system deployed, in space and they, have even, more futuristic, ambitions. To use the P vex drill. Like. This one that not only extracts. And stores water but, uses it to propel itself like, a flying kettle. Wine. Or extend, support but Walt is not enough. It's a James Bond stuff it's very futuristic. It's, a new concept of space exploration the. Main idea is to send hundreds, of low-cost, wine spacecrafts. All over, the solar system to, give a clear atlas, of asteroids, that have water resources. Honeybee. Robotics is, one of the many startups, that NASA is depending, on to, develop new innovative, ideas there. Is a strong. Strong private. Public. Partnership. With NASA right now to. Come up with lenders. But we can send twice a year but, we'll put payloads, to them on payloads, like instruments, lagravis.
And Also humans we're, doing it it's, happening right now very. Very exciting, times. By. Giving out multiple, contracts, NASA reduces, the cost for themselves and the entire industry, we. Want to have numerous providers, that, are competing, against each other on cost. And innovation, driving. Down the cost and increasing, access to space and, industrializing. Star, top trans Astra, with a new infusion of 2 million dollars from NASA has, teamed up with other space startups, and educational. Institutions to, prove, its process, for harvesting, and utilizing. Water from asteroids, without, even, touching them, optical. Mining is our patent-pending, process. For, using highly, concentrated sunlight, or, light from another source to excavate, the surface without. Having to use digging, tools to dig into it and this. Is very, important, in space especially, for asteroids to. Help develop, and previous, technology, they've, teamed up with the Colorado School of Mines, it's, known as an optical mining, testbed. First. They put the simulated, asteroid in a vacuum chamber to recreate, the conditions of, space. Then. They, use liquid nitrogen to, cool a surface, inside the tank called, a cryo trap then, they turn on a giant, light bulbs, which imitate sunlight, that they then concentrate. Into a beam resulting. In very high temperatures. The, beam of light hits the asteroid target, fractures, a sample, and then water and other materials, are released and frozen, onto the cryo trap the. Volatile, materials, were to include water, methane. Carbon dioxide, other, valuable. Materials, that are common. And cheap here on the ground but, very valuable in space, trapped, on our cryo travela that's pretty nice the. Same way that we would trap. Those chemicals, in space for a real asteroid, mining emission. Optical. Mining, bypass, is a daunting task of trying to land on an object, with such low gravity that, it could simply break apart when touched and there's, no drill to potentially, get stuck but, for this to work they're targeting smaller asteroids, the size of a beach ball for, their take demonstrator, model, with, plans to accommodate rocks, the, size of a cubic tennis court and bigger in future. Models. We. Think the right thing to do is, to rendezvous with the asteroid match. Rotation, with it, put. A thin film bag around it cinch that back down and, then D spin the asteroid, and, now you have the asteroid in a container, so, you can work with it in a practical way. Trane's. Astra believes that harvesting, water on asteroids, will not only make space travel more affordable, for private, industry, but it will make nasa's, proposed missions to take astronauts, to the moon Mars. And even asteroids, possible, within, a budget that, the US Congress may be willing to provide we. Can cut out hundreds. Of billions of dollars and actually, make it possible for, NASA, to do all those exciting missions, in the period of just 20 years or so. By. Harnessing the asteroids, now what's really, cool about it is that, by, using public-private, partnership, and working with companies like trans, Astra the. Infrastructure. For, space resource, harvesting, and commercial. Transport, in space can be developed, so by, NASA doing, it this way and NASA becoming, the first user of these resources and this, infrastructure, for, its exploration, missions then, that infrastructure, is left behind, for. Industry, and, that can create massive, industries. In space like. It even becomes cost-effective, to build a space hotel, trans. Astra, and partner momentous, will be on a two-year contract with NASA to, build that asteroid, mining and in space transportation, prototype. Called mini be to, provide optical, mining in space we. Live in a very exciting, time where. We're going to be able to take that to space and the, resources, of pace are literally, unlimited. And. Those unlimited. Resources, are what some universities. Are betting, on at, the Colorado, School of Mines where trans Astro does its optical mining research they, now offer a graduate, degree in space, resources. Our. Space, resources, program is the first of its kind in the world, there. Is, anticipated. To be a growing, number.
Of Jobs. Directly, in space resources. But. The the skills and practices, of space resources can be applied to lots, of other things and a huge benefit, to space mining, research is that a lot of this technology can be beneficial, here, on earth. Like. Their 3d printer, that uses materials, on the Moon or Mars to, make structures, and is, modeled after startup. Icons, 3d, printer, that is used to make homes on Earth. Their. Penetrator. Is a tool on the end of a robotic arm that's, being developed to, take measurements, on the moon that, has applications. For mining, companies, and even a rover in a lunar test bed that can drill and prospect, for resources has its benefits there, are places. On earth where mining. Companies and equipment, manufacturers. Are looking, at applying smart, robotic, systems in terrestrial. Mines they, could go into places that are not safe for humans. They. Could, work in much more confined. Toxic. Environments, then, a person could and one, country is doing just that and hopes, to leverage, their expertise, in robotic, systems for, mining remote inhospitable, locations. That are all most mars-like. Recently. The administrator. Of NASA when, the head of the Australian Space Agency, visited. Was. Saying that. The u.s. is looking to Australia, to, be doing development. In this area of extracting. Resources in, space one, of the reasons why we in Australia want, to get into this area is. Because of the strength of our mining industry and the strength of our mining automation, and the strength of our mining research we. See it as a way that Australia. Can establish a niche space, capability. Australia's. High wages of course some of the largest mining operations, in the world to, seek cost savings by using automation. Rio. Tinto the world's second largest mining, company has fitted operations, in Australia with. Fleets of autonomous, trucks drills. And even, the first driverless, freight train network, adapting. These technologies, could prove useful to space programs, and the use of space technology in mines such, as robotics would be useful on earth the, Australian, Centre for space engineering, research at the University, of New South Wales in Sydney was, founded, in 2010, and has, 15, PhD. Currentl, graduated, students, researching, space resource ventures, related. To Australia's, needs and expertise. What, we are trying to do at the moment is, to reduce the risk perceived, by. A large company, mining, company for instance. When. They approach this type of venture I think one of the main reasons, that terrestrial. Mining, companies should be looking at this problem is, that they will, benefit. Their, terrestrial operations. By learning some of these lessons so. If they look at the way that you need to automate on the moon that will help their terrestrial operation. If you look at the way you would analyze. Risk for, this type of mine they must learn new lessons which should hopefully flow. Back to, their risk, analysis, for terrestrial lines. Although. Mining, companies have terrestrial, mining expertise, and monetary, advantages, only, time will tell who. Will be the first to provide a fueling, station, in space in. Terms of making it happen I actually. Don't think it'll be a start-up I don't think it'll be a space agency and I don't think it'll be a mining company but, I think it will be a big company. Probably. Driven. By, a high net worth individual, a, company. Like Blue. Origin, SpaceX. A company. Like that not necessarily then but something, like that, proving. That this kind of mining is feasible could trigger an influx, of profit. Minded companies, migrating. Of the earth, just. One industry, that would stake a claim on, the vast wealth of space.
Not. Only is the universe a place for exploration the. Private companies it's a new resource the. Key which will unlock new, possibilities. In technology. Manufacturing. Living, and working both, at home and Beyond, Earth and all. Of this will be the result of our next giant, leap.
2019-10-31 04:15
I disagree
Thank you Bloomberg
With a school of minds we an do anything.
I"m against large distribution from off planet resources to earth. There isn't a study that can proof off world elements wont harm our planet in the long run. Where no idiots we know what we want, to do so and bring back to earth would be crazy stupid to repeat history and wait the outcome.
This whole series so far tells us, that mankind will not better itself unless there's profits to be made to enrich a few individuals. Go capitalism!
Hmm too much supply of these rare metals, it will make it cheap and plentiful, making it a resource for everyone instead of something to make you rich
@mystix rever sorry, let me correct that
...why useless..?
trillionaire lol...thats when capitalism really dies.
19:01 No one can make a woman-driver joke on her.
Until we have lust greed nothing can full fill our holes....
Not me id love to shoot one though Lol big game hunting lol
Minecraft new update leaked????
What an awesome video. Thanks.
The future for human kind looks bright
The only way they will make profit here is if *The rocket payload of materials costs more than the rocket itself*
Every thing is possible just learn the art of Complete circuit program. Means send thousands of Seperate circuits in and keep assembling them together non-stop and a big-bigger-biggest platform keep getting re-built. Its easy to say hard to practise. Its like wire-less board of inbuilt circuits.
So they are building space fuel stations
We already have the tech to mine asteroids, all we need now is find a way to reduce cost to send it out there!
Mining in space ? Transgenderizm is overtaking the country much like communism, space is not a concern.
And how would that ruin our ability to mine in space?
I claim Mars as my property. I'm a trillionaire.
Thats Elons weedworld, sorry for that
what is the song at 13:20 ?
I can tell you many people in Crypto are already thinking about making a space company. Also the first Trillionaires will be The Winklevoss Twins from Facebook movie, who hold 200,000 Bitcoins also who created the Gemini Crypto exchange. When Bitcoin hits $10,000,000 next decade they will have $2,000,000,000,000.
I am just awe struck that bloomberg is talking about asteroid mining, its like sci fi came to life, I love it :) x
9:58: what the hell. Is that a PS4 controller lmao
Soon we'll have real "Belters", and then we can live the Expanse
@Bloombery: Please add _Giant Leap_ series to your *Created playlists* section
Welcome to Eve online.
How will they filter out the biological lifeforms frozen in outer-space? I would never drink unfiltered space water.
Want to drill an asteroid? Call Bruce Willlis
Some estimates say that Earth is valued at $5,000,000,000,000,000 (5 Quidrillion USD) Meanwhile, one certain asteroid alone is valued at $700,000,000,000,000,000,000 (700 Quintillion USD) *Woah...*
My thirst for this topic....and the lack of content
Pffft.... Quintillionaire here
Or mine Etherum
>>Why hasn't there been any research on space bulldozers that can actually push asteroids to stable Lagrangian points and building a shipping dock or floating boat platforms...
Who will get there first, Musk or Bezos I wonder?
Musk. Bezos stated he's going back to the Moon on his IG.
nasa needs ufo tech to get to the moon in less than 2 years because of to heavy Rockets
so nasa is a venture capitalists now!
yeah a trillioner would be the final nail in the capitalist coffin
Thank you, this is so informative and so well done and produced!
best thing for humanity to do is to forget about the nasa space bullshit and direct the money towards something useful space is the most ridiculous idea in human history
Want to be a trillionaires....become a Rothschilds.
Water mining can also help nuclear power to keep it cool and safe on the moon or mars. Nuclear power is the way to go until the bases can set up alternative power sources.
This seems like one of them videos where people in the future will laugh at us cause we were so wrong
yes
that asteroid looks like a cake, lol
I dont think the Owner of those asteroids will let you even get close to them
100 years later we will have hundreds of space station. 10thousand of mining bot for resources. Our next home might not be in mars but in spaces and moon.
Well whoever get that asteroid can control the amount that get into circulation. Like diamonds ah, you just need to control the supply to the world
We need a star trekian approach to space exploration and resource utilization. We don't need the baggage of wealth inequality and greed to follow us into the new space age.
$50M /launch with 50t payload is $1,000/Kg. Are we there yet? Excellent series so far, and very interesting indeed.
out of the box
This is stupid getting to the astroid and mining/refining/transporting is going to cost Trillions of Dollars. And if demand is low and supply high then the price will drop. Substantially to keep the operation just barely running.
Outstanding video!
Honestly the economics might add up soon. say a rocket could take 70,000kg and you mine silver that sells for over $500 a kilo that's $35,000,000 in revenue. The price of silver would probably go down, but if a rocket got down to a few million per trip it could happen
it wouldn't be the first time humans travelled insane distances in search of silver and gold lol
We don’t even know what lies on, or beneath, Earth’s ocean floor. Fraction of the capital to explore our own planet than deal with the costs and uncertainty of speculating for minerals in outer space. Missed opportunity under our own noses.
This content is absolutely, downright, outstanding; it's educative, insightful, and overall magnificent. Bravo to the people who worked on these episodes! Bloomberg have been on FIRE with this series. ... I was in the middle of binge-watching when I realized Ep. 4 is currently the latest one. Now I'm sad.
Who wants to go mine in space
Keep bringing this stuff to US it’s absolutely fascinating thank you....
Trillionaires shouldn't exist.
mmmm radioactive water and metals.
I can already imagine the starship refueling on the moon
You can’t make the world a better place to live, yet you plan to make mars liveable. How strange and creepy is that!
We should be spending money, time and energy right here on earth trying to learn how to get along and then teaching each other to behave like mature, thoughtful, respectful people. We can rise above our animal nature and fulfil our destiny properly.
Getting Real Elite Dangerous vibes from mining asteroids
The Expanse Inc
Mining in space + manufacturing in space = Death star
Stoppt the Hydrogen propaganda. please. No demand. Norway; the number one EV country just cut of H after the first H station explotion.
This GIant Leap series is the best thing i have ever seen about the future of Space. Thank you Bloomberg like seriously...
I WANT TO BE AN ASTEROID MINER BUT I DON'T HAVE AN ASTEROID.
Same here
Americans will still blame immigrants for taking their mining jobs!
Niel D Tyson wrong again.... the first trillionair will be the first Saudi oil czar that bought Bitcoin.. just sayin..
this series is GOLD!, thankyou bloomberg..
So if a rocket company brings down their launch costs low enough to mine an asteroid, they'll be printing money.
Space mining needs Water? we dont even know where it is available till now beyond earth,they found someonthe moon, thats it, why not solar energy or does the budget have to go up so the Trillionaires can be skimmed of some 100 billion $ looking for water? I am guessing the trillionaires will be really stupid,no?
I'm back!
Elon and Bezo have the odds in their favor
12:13 those look like viruses
This series needs more views
Fuck capitalism. we can make all this and more without an excuse for money-making.
Loving this series, give us more!
Why not go nuclear fusion?
Sitting here in my 30's praying Mars bases, going to another exoplanet, SCI-FI scale spaceships etc. will be a reality. Please live long and prosper
shivers man
Sensational Series!
I thought Facebook and Amazon fulfillment centers were the lifeblood of the world's economy rather than minerals.
Shame the current wealth from extracting these natural resources doesn’t go to the actual countries it resides in.
All of these ideas are fantastic, no doubt about that. Just a few questions. Question 1, the moon has an effect on the earth that we all know. What impact will us mining the moon have on the integrity of the moon due to the reduction in mass and its effect on the earth? Question 2, the last major extinction was caused by an asteroid, mining asteroids could change its orbit which could lead to the end of mankind.
Let's go to the sun and mine gold!
Yeah, that's a great idea! Mine the Earth until everything is polluted then go and pollute Outerspace, lol. Fucking Humans.
Astroid mining rush . Let's pack and go. $$$
The first organization/country to do this successfully will cause A runaway Inflation similar to what Spain experienced when it took possession of the silver mountain in Peru.
They're minerals Marie!
One issue! The subtitles constantly say 'Colorado School of Minds' instead of 'Mines'!
Why bring resursces from space to earth? Get people to resursces into space! Even with unlimited resources earth cannot sustain more than 1 trillion humans, but the solar system can accommodate a trillions of billions.
Lol, we are far from a trillion, so Even if as You Say earth would support a trillion people we have a long way to go
I hope we get a move on! I only got this lifetime so I’d like see some cool stuff in my life and die knowing some will leave and live and work off earth in a variety of ways!
YESSS. LET'S MINE WATER ON MOON
The 1 trillion number is false. They don't consider competition, supply and demand. The more they mine the lower the cost. The more competition in space mining then the lower the cost.
Soundtrack used around 8:00 minute mark?
EVE online IRL
2:07 Iron? Valuable? Really?
When space travel becomes possible all you flat earthers can stick your asses on Earth!
Man I need to eat a lot of almonds.
I'm a newcomer to Bloomberg, this series brought me here and haven't been disappointed. In an age where bad news sells, it's refreshing and inspiring to see such amazing things on the horizon, things to look forward to and be excited for. Brilliant series Bloomberg, I hope this, or more like it continue!
Love this series
pffffffff lies, cartoons, cgi, bullshit
More Engineers & Scientists needed. To figure out this minding job.
where can I get loan-guarantee-document to build my asteroid-mining myself or maybe moon-mining first?
bitcoin
TRILLIONAIRE = DESTROYER OF PLANET EARTH AND ALL OF HER SPECIES !! WAR
The rich will get richer. They are the only ones who have the resources to establish such a foundation and mine deep space.
Not a single word about Deep Space Industries or Planetary Resources.
Who can own the moon?
Fake news
The first trillionaires are going to be those early adopters of cryptocurrency.... specifically BTC & XRP
Don't we have to get there first? just a question.
Simply attach a rocket to the asteroid and have it enter the Earth's atmosphere at a low angle and crash it into Antarctica. Then simply remove tonnes of it and ship it to processing facilities.
bullshit!!!!
Excellent series. Keep 'em coming!
Be the first rock hopper crew out of ceres? Ya beltalowda.
look at the diamond industry and you know why their price ain't going down.
Dream big they said.
The question is how are you going to bring whatever you mine back to earth?
Ottee2 In situ is a Latin phrase that translates literally to "on site" or "in position." It can mean "locally", "on site", "on the premises", or "in place" to describe where an event takes place and is used in many different contexts.
Does the term 'in situ' mean anything to you?
So lame.
The fact that the US allows billionaires, is profoundly immoral. And here Bloomberg is pushing trillionaires. But I do like the idea.
The only truly scarce resource in the known universe is human time and bitcoin.
And until we master mining the asteroids we may have to go back to live simple - off the gridd - recycling what we already have and stopping the mining NOW so we can survive- because as part of the organic life - humans needs clean water & organic food -NOT MINES- only the robots will survive if we continue mining
AEIOU DEWEY
Minerva
MBS controls and manages the funds of the Al Saud Family/Saudi Aramco, meaning that he has buying power of 2 trillion dollars.
8:44 When you realize you forgot your headphones home and now have to listen to office chatter for today's shift.
Why not use the moon as a storage site for mined materials from astroids before bringing to market? Or crash the rocks on the moon after you capture them and work on the astroids on the moon. Duhhh
Then there would be too much supply and the price would drop
yisus crist this is exciting
Basic economics: *_"no"_*
Fuck everything they are talking about when mentioning metals in asteroids. They are really searching for WATER. Metals and minerals are just a bonus. Earth will be experiencing severe droughts within the next 50 years.
In an infinite universe scarcity is a myth. Only thing in short supply is human ambitions.
Moon landing is a hoax how you land it in the 1960’s but fail in 2019
I reaally like this series.
I’ll be the CEO
Looks like a job for me!!
This is the first Topic that my friend take out for sumary
All of space is fake
100 trillion dollars - Tax= 1billion dollars
Asteroids too are limited in supply and access you see
I've been on this ride since the late '70s, in part due to stuff written in the '60s. Nice to see the rest of the world finally starting to take it seriously. Three words to say, really: "ABOUT TIME!"
u cant send humans for mining in space send Ai powered robots to mine
why don't we just wait in our orbit with a smart rocket and the with a satelit go 4 the goods on jumping asteroid
OY3AH!
Future is cosmic ..... And musk will come up with a plan .... LoL from Delhi
Nice series. But they need to stop talking and send it already. People aren't on board so put them in space already! Yep some will fail so what. Learn and go again. Engineering down a rabbit hole on earth accomplishes nothing. They are failing because they are afraid to fail... SMH
Hi my name is gary.. ill bring one down ti earth.. it will be my pleasure
How do we do all this with out destroying earth with all those fuel efficient rockets we have today
Unless governments aren’t actually worried about climate change
Murcia knows it needs to pull resources from out side of earth due to resources will run out one day. And will need a space force to protect those resources.
The last thing this country needs (or wants) is a Trillionaire let alone any more Billionaires.
I would love to see my kids going in to this field. Since It even could some day make silver wiring practical at large scale like motors,etc.
loved this series
One of the pieces of sci-fi I have read on this spun an asteroid to generate gravity then heating it with concentrated solar. The separation process is simplified. The trick is to position yourself as a primary operator in the field as commodity prices will drop precipitously based on quantity inclusion into an as to present fixed amount market. Imagine when someone finds a gigaton of gold?
awesome
No Doubt blue origin and SpaceX will take over
Sooo...even MORE space junk then?
No
Very nice series!!!
Loved this video! Fyi - I have a spooky video scheduled for Halloween... the actual, physical reason, why time slows down at the speed of light...Stay tuned!!
.
Who else thought it was a bunch of nugs
Fake space propaganda.
I don't get it.. Why do ordinary people so excitedly expect to get jackshit from it? Did publics receive anything from the so-called "Giving Pledge" yet? Even in times when funding is urgent as hell?
In my country Brazil, Lula Inácio a ex president was Discovery he has 1 trillion and 500 billion of EURO , if you are THIEFT, YOU CAN BE TRILLIONARE TOO.
If we can mining, on the asteroid. We wouldn't mining. Because we have an high technology. That day
Are these people advocating the jackassery of artificial scarcity? Wtf?
.... there is plenty of precious metals and minerals in space, but let the people suffer and keep the inflated price of this to extort humanity? Can't even...
21:22 one of the best views of a rocket.
They make a huge mistake in their calculation. If they brought so much of those materials then tthey'd be worth alot less. Supply would be higher than demand, or are we going to build houses of solid gold and platinum.
May the Science be with You didn’t they mention this in the video?
Meanwhile there are people who can’t pay to survive
Meanwhile there are people who won't pay you enough to survive
Biggest troll: finding a 100 trillion valued asteroid to fin out it’s just rock
1 trillion is enough to fix climate change (400 billion is the nessary amount to stop it right now)
But!, the more we discover, the less the rare earth metals are worth
Or discover new minerals that can be useful but rare in the Galaxy who knows?
If I could super like that video I would ! Awesome video and yet so frustrating that humain are still not there yet
PATHETIC! The PSYCHOSIS of "THE NEED FOR GREED" and its FALSE SECURITY OF POWER has RUINED this lovely ball of dirt!
You do actually exist! :) Cheers.
Asteroids will probably have more than just precious metal...
long rope, hammer, diamond tip screwdriver, bucket
Yea i know it will be made with machine, but can you imagine how cool it would be being an asteroid's miner
Its hard to believe that many countries are trying to go back to the moon and yet NASA said human went their six times. That’s why many conspiracy theories out there believe that human never made it to the moon.
1st trillionaires will be from the stock market. By the time space mining is cost effective, you'll see trillionaires from the stock market already. Sure space will give rise to trillionaires but not the 1st ones.
Cynical as it is, that's human nature and history summed up for you
with it the reason to innovate. Which isn't gonna happen. You clearly don't understand humans. We say something but we want something else.
@Taylor N
Officer: Do you know why I pulled you over? Blonde: Because I was driving recklessly? Officer: Actually, I pulled you over for public indecency. Your wide ride is distracting the traffic.
the cost to get that stuff will always be higher than what it is worth. To make it profitable, those materials would need to be sold at a higher price, but bringing bunch of stuff would increase the supply and thus drop prices. You could only justify it if it were a substance that doesn't exist on earth.
Aliens prequel
While we know perhaps a lot about macro Astro mechanics r.e. effect on the Earths orbit, micro Astro mechanics ...with a view to Earths orbit may be a problem as well with respect to near Earth asteroids with their astounding orbits.
Yea this is something our grand children will do not us . It will probably take at least 50 years before we mine moving asteroids right now lets be happy if we even get to see a Rocket go to mars in our life time
What is the effect on the Earth of removing mass from the Moon ? The change in tidal force and the subsequent effect on the planet could far out weigh the benefit in resources. Place a base on the Moon and mine asteroids to a fair high gain without jeopardising the Mother of all habitats.
I do wonder, why Google pixel 4 added Astrophotography!!! They want us to take photos of Galaxies and send them to analyze!!!
Congratulations for future destruction of other planets and moon. Just like earth .
Your wasting your time invest in Africa it’s easier and all the minerals are their
i live happily with only 10 buck on my pocket, why need a trillion?...very sad, a trillions still not enough to make you happy????? better you go to sun and drill on it, hopefuly you found tons of core or stay on it or get burn
just go to moon, a lot of astroid destroyed on in...and now we ll see polutan full moon
I love her voice who is she?
Is she american or britsh accent when she speaks?
Wow this is fascinating. More of this, please.
Then the value of money will be lost
India didn't fail but learnt something so that it will succeed soon...
In many cases its not the mining. .. Its the processing of the minerals thats the problem. . By the time we're technical enough to mine out of space body's AI and the Singularity will be here and there be no need for such stone age Practices. ..
me!
We already have trillionaires. Look at the high elites, owners of central banks, 13 families for example.
lol. The first part was about making profit in space from valuable metals. Then mention of an asteroid worth 80 Quintillion dollars. Oh no! Too much profit! All the metals will become devalued! Hey... Let's mine water in space rather. Reminds me of the story of Aluminium. At first more valuable than gold. Those with vested interests feared cheap Aluminium. Now it's much cheaper. But can anybody honestly say that cheaper Aluminium has not tremendously benefited humanity and economies across the world? This while mining rare metals terrestrially often just causes us more problems. Socially, ecologically. Even economically in the form of inequality, diplomatic tension and even armed strife. Now we make boats and window frames out of Aluminium. Comparatively ignoble to say the least. And this is better for everybody. I dare say window frames made out of Platinum or gold would be rather desirable. They would last practically forever. Almost entirely resistant to corrosion. At some point in the future things will change. I bet there are a myriad of applications for relatively cheap Noble metals which could revolutionise almost everything. The question should be: If we spend $5trillion bringing back $80quintillion dollars worth of metal then couldn't that possibly unlock $100trillion worth of economic activity or more? The answer is probably a yes.
just bring the whole asteroid to earth
Being a "Trillionaire" won't matter much if Venezuelan-like hyper-inflation hits the U.S. and makes a billion dollars worth just a few hundred dollars in today's value.
Watched to the end.
Me me me pick me!
Fantastic series Bloomberg!
Why dont us gov and nasa fix flint michigan water first! Fix water problems around earth, yet all these governments spend billions to capture a few oz of water from space.
Instead of bringing the asteroids to earth bring them to the moon
@nasa
Why not just Hire Bruce Willis to drill if its sucha problem
It’s difficult to listen to you because of how you pronounce your “S” it’s too hard to listen to.
I quite enjoyed this series. It is very informative, well-produced, and engaging.
14:49 they can try wavesound mining(i know in vacum no sound propagation) but for tiny asteroid can work if put them in a big spaceship. I say that because frecuency and vibration is high eficency to brock things.
It's extremely stupid to bring stuff from space to earth - In space they are much more valuable, you can build stuff with them without sending valuables spaceships to the space.
*Billionaires should not exist*
*Capitalism is the core of evilness*
Once you bring back a million tons of gold the price will fall to twenty five cents per pound. That happened to Spain when they brought back tons of silver from the New World.
'very common space term'...
Keep them coming Bloomberg! Just shared this to all my friends
Ww 3
Wouldn’t such mining crash the value of these elements by disrupting the supply? It is because of this I doubt the current powers in possession of these elements will allow the retrieval of more of these elements from space in a manner which would affect their holdings.
Allowing corporations to exploit space is the new greatest failing of our species.
Need to get a NASA contract.
Absolutely amazing video
so were just going to destroy the moon now? when did we decide that?
"value"
suckered in by the title... oh its bloomberg... why am i not surprised... wasted 49 secs... bye you bastard
Wait is that dual shock 4?
These minerals are expensive because of the rarity of them, once mining gets going the prices will come down significantly
So this is how my parents were shocked by internet
Already spoke to a specialist working for a laser space tech company and he asteroid mining is not profitable or in demand, if it were this easy to become a trillionaire then anyone would be doing this.
Sounds more like "...... want to make a trillion dollars? Spend 10 trillion dollars. "
Money is just a voucher printed with 1 trillion number or even more, it used to exchange resources. Who knows you may end up giving 100 trillion dollar notes to get a piece of bread. For example: 1000 years ago, a piece of bread cost $ 0.000000000001, now you will buying the same bread for $ 5. (same bread you are getting)
Great fucking video.
Money Money Money, what the fuck these scientists doing. Still half of the planet is hungry, global warming, exploiting all resources on earth every possible way. All species are in danger due to human activities. They think they are solving the problem on earth, but in fact, they are the ones creating big issues on the earth.
11:11 Space mining budget seems tight: no more funding for a $1.25 container, they had to use a $0.008 sandwich bag
Brilliant. Thank you President Trump for finally turning NASA around. Keep America Great and World Leaders in Space.
Your bloomberg page sucks.. the page keeps refreshing.. Who the f$$$ made it that way?
So humans destroying the earth and now they want to destroy space, come on enough is enough. We don’t need fuel station in space. Leave space alone
Could you please share with us the tittle of the academic paper talking about water mining? Thanks in advance!
This is frankly grotesque.
and also that nasa liar scientist, what ever he's called... There are trillionaires already, dont cover for them...
sorry to inform you dont need asteroids to become a trillionaire :|
In spite of spending billions of dollars on military, spent that amount to the space exploration definitely we will achieve our goals so early..
I am gonna do this in 2033!! Mark This Comment
All this to extract mere ounces... Not even a mention of how to scale up to viable useable quantities. Space X starship fuel capacity is 1,200 metric tons... Off world mining of water for fuel in useable quantities is a long way off.
Wrong. The 1st Trillionaires will be bitcoin holders.....
We don't need more mining, we need less people and there will be enough here for everyone.... The overpopulation issue will destroy the planet so any tech to keep population growing further will just make the problem happen a bit later.
Drastically devaluing materials IS THE KEY. Aluminum has been far more valuable to humanity affordable than it was expensive, now think of the gold and platinum group metals that are inside your electronics, now think of what else you can use those for.
Mining water lol . Love my earth
Cost of 1 KG is between 10 to 20k USD... SpaceX does it for less than 5k, get with reality, bloomberg. "Falcon 9 can lift 13,150 kg for $61 Million in 2014 or $4640 per kilo. The Falcon Heavy is expected to have it's first launch in 2016 with the ability to muscle 53,000 kg to LEO for $90 Million or $1700 per kg!"
Lol yo, who here wants to partner to start an asteroid mining LLC?
Mining and manufacturing in space will be the next industrial revolution!
Beautiful series. More of this
Neil Degrasse has become an expert idiot and typical American that just wants fame and fortune!! He's another Dr Phil
I'm old enough to remember when the BBC could produce science documentaries of this quality. Thank you, Bloomberg.
I wish the media wouldn’t be sharing these secrets with everyone. This isn’t something people need to know. There’s enough wealth on this planet already.
Minecraft
Just been thinking: If you are gonna be mining in space, it has got to be more economical than to mine on Earth. The large supply of materials off-world will also drive the cost down. So... why would it be ble to make trillionnaires?
EVE PLAYERS UNITE!!!
Maybe in the future there will be an space clinic to help people who believe that there is an flat earth. Oh wait, they will say that their trip was an cgi animation..
Would be awesome if we would only mine on other planets in the future. Of course I will be an huge investment at first, but at the point where you don't need to ships so much materials to those planets anymore and can produce everything you need on that other planet or Astroid or moon, you only have to bring it mack to earth. And that would be probably easy and cheap when there isn't to much gravity on that other planet or from an astroid.
this made me think of borderlands
mine asteroids and buy bitcoin
fantastic mini series , very much looking forward to more . new subscriber because of this
What if we bring small asteriods back to earth?
Space mining is a big scam nothing else.
If recourses in space are unlimited then as soon as mining and competition starts prices will drop to zero, Right? So if these companies are looking for profit, then why are they doing it? Am I missing something here?
4:00 just do like the diamond industry did, keep it all locked up and sell little bits of it for exponentially more than it's worth
I wonder what a flat earther have to say about NASA on this one.
bloomberg come on mining commodity prices would just collapse with that amount of supply
Stupid people will get more gold to put in the closet instead of metals we need for like solor panals
we can use that asteroid for human exploration and costruction , not to be a trillioner
I got a better idea, just mine bitcoin.
A1 production quality. I also really enjoy listening to the narrator. For a video about space development, the voice she's using is great because it sounds both intelligent and smooth at the same time.
“Zero emission fuel” .... shudders....
The problem is you are always thinking about money and not about helping humanity first.
EVE Online much?
Now I know what Elon's space X is really doing in space
Pretty cool, but kinda weird to think that it won't be too much longer before you are outside at night and look at the moon and it won't be that mysterious pretty thing you used to gaze at. It will be a mine and a city. Once established their will be constant trips back and fourth. Oh well, thats life, things change.
Not that easy ferguson ! Radiation also space dirt/ grease still the biggest problem
Oh gosh, are we done with the series already?
this series is made so well
I have no interest in being trillionaire, i only wish to be millionaire, multi millionaire, wish i would win lottery.
YouTube used to have two types of learning videos, ones that were boring and totally bs and ones that were boring but accurate. Here come Bloomberg with a semi boring video with semi true facts. Water is not a fuel guys, this is just stupid.
What why to mine water when they can evaporate with laser and store in container then pressurized It .. no need of driller . I GUESS THERE IS LESS PRESSURE ON MOON SO WATER BOILING POINT IS LESS
I will be the richest person by 2041!
the USA must used alien back in the 1950s, because how the fuck can those people successfully landed while the people today failed.
THE NEXT FRONTIER...
Meanwhile, the Rothschilds are laughing their asses off at this video with their trillions...
Use lighter than air balloons to bring materials into lower earth orbit. Burn gas in bags as well as fuel to launch rest of way into orbit. Deliver goods and parachute down. Count money..
They’re not going to find Bitcoin floating around in space
Inspiring... this series serves as a primer on the promise of extraterrestrial extractive resource business in space. My concern, however, is if necessary profitability in the initial short-term horizon (due to massive start-up/set-up overhead) leads to devastating but ultimately avoidable environmental damage to the celestial bodies we chose to use,
I want to mine asteroids more than anything. Not even for myself, ill go mine for a company idc. Sign me up lol
LoL “before it’s too late”
Age of Earth : 7 billion years Age of plant life : 4,100 Million years Age of Mammals :220 Million years Age of Modern Humans : *300 years* also the Modern Humans : making sure earth does not last 500 years more. Question Modern Humans ask: *who Wants to Be a Trillionaire ?* UNIVERS : *...silently laughs....*
Woohoo capitalism!
CAPITALISM DIVIDES AND DENIES EVERYONE WORTH AS TO ONE ANOTHER'S WELL-BEING! And you still want to play MONOPOLY? Its the well-being of one another that's TRUELY of worth! MONOPOLY money is make-believe worth! They who trust in a lie are betrayed already!
@Nikole Knight reality
What type of drugs are you on?
All fun and games until your outer space hotel gets raided by space pirates.
Red faction here we come
At some point if there is so much stuff on this asteroids won't it make the thing very cheap? If there is so much supply
0:43 stop fuckery, there is no astroid and the earth is covered by a dome.
Go ahead and be that ugly Don't ever stand too close to me I might kill you
This is very futuristic
If you were given $5000/DAY!!! since Christopher Columbus set foot in America (1492) , You STILL will NOT have a Billion dollars... Let that Sink in for a sec. a $trillion is NOT the kind of Money we should allow anyone to hold as a society . It will be an Utter failure of the system!
Did you say ... 700 quintillion dollars??? Google search: how to build a rocket....
On earth hydrogen is not fuel. It is energy transport mechanism since it doesn't naturally occur on earth
The price won't crash the company will control the supply just look at the diamond market.
Great video i liked it too much, well explained,thank u for this
Very common space term ??????? Who made it common there ? Space faring nation
Want to become a Trillionaire? Become a Banker with fractional reserve banking, and compound interest, and hide your name from the masses.
Rare earth metals=common asteroid metals
U see trillionaires, I see a more globalized and organized happy world.
One of the best documentary series I've watched. Kudos Bloomberg.
Asteroid worth $700 Quintilian...cost to bring it to Earth...about $1-2 Trillion...might take a decade or two...totally worth it!
No mention of Townsend Brown's antigravity. ("Antigravity" by Dr. Paul laViolette) And no mention of the fact that our sun is powered by birkland currents. These currents have magnetic fields that can be used for propulsion. Thunderbolts Project, Youtube.
It all comes down to how cheap we can make transportation in space though. If it is made affordable to launch things into space it would be worth bringing some things back little by little instead of all at once to purposely keep prices up.
30-50 years untill we have space wars over asteroids..
yup just history repeating itself
Not exactly. They can't have the value of money just drop like that. All of this would be centralized.
Great series of episodes bloomberg,good narrator.
But then how would the rich get richer?
Wait!!! I thought separating hydrogen and oxygen needs energy? If water is their enegy then how will they sustain this energy if energy is needed to extract hydrogen fuel? Not unless??? What the fact..
Optical mining is costly... Better is to build a mining rig on space and delivering the comets to the rig.. this is the most cost effective way
Love this, thank you
U r bringing additional mass to our planet (minerals) from outer space ... It will definitely fuck up the balance of our earth... We have to consider this
Harvesting resources from our one and only moon sounds like a horrible idea. Go ahead and fuck with Jupiter’s moons, but leave ours alone.
I want to become a space pirate when this happens. I want to steal the stuff of the miners and also their ships and sell them into space slavery on pirate stations. Of course I have to wear an eyepatch and paint a skull on the hull of my ship.
Just wait for those astral environmentalist that will rally against this
The future is bright. With visionaries like these, our species will save the world and take us to the stars. Well done Bloomberg
wouldn't just turn he mine material in to giant lump and just drop it into earth atmosphere and recover the landed lump be cheap
Disliked for the number of ads I received
21:04 I love how they choose the clip of the Falcon 9 failing right before it collapses when they talk about the promise of SpaceX.
It's ergonomic design ?? She doesn't know what she is saying.
We are not from this planet. But like baby sea turtles to the ocean, humans will slowly work their way across the cosmos until they find home
Rock is valuable,the irony.
It wont happened,,,
Me
Me me me
japan sent a mission to space, spent 240 million and returned with dust.
It’s crazy how even a Billion Dollar broadcasting company can’t even come up with something original. Fire your content manager and hire me you idiots.
Why can't we go to Mars and get precious materials that planet has been bombarded with asteroids and comets for billions of years
The earth is flat + it’s close system
thats easy to do
Billionaires should be ilegalized. There is so much inequality on earth, why should there be a trillionaire??
So let me get this right. The mining industry is destroying the planet. So we decide to mine in space, but we wouldn't bring the metals back to earth because it will devalue the product which brings me to my question. What do we truly care about? Our planet or money we can potentially make.
I was just thinking of how human greed can possibly kill us all, put this one on the list.
Imagine if we actually are not in space at all. The budgets for the expeditions are astronomical, lol. It would obviously be the biggest embezzlement scheme ever.
Sign me up
The human greed never cease to disappoint me.
Who wants to be a Trillionaire? *Jeff Bezos has entered the chat* "resources like water...." *Nestle has entered the Chat*
"Put the asteroid in a bag and manipulate it in a practical way" Transastra, you're a delight
We still don't have metal alloys that can withstand micro meteors and proper shielding technology! Humans are too ambitious and naive about what it will take to colonies space!
In order for asteroid mining to reach its true potential, the US should go on a Manhattan Project-style crash program to develop a modem that communicates via quantum entanglement. It would be a complete game changer for space exploration in general, and asteroid mining in particular. Instead of having to wait minutes-to-hours for a radio signal to bounce back every time you sent a command to a deep-space probe, you would have instantaneous communication/feedback. The moon is close enough for radio to be reasonably responsive, but deep-space communication on a large scale is really going to be hampered if we have to rely on radio.
just do what Debeers does and buy all the "diamonds" and only let them trickle out to keep prices high.
- Next wave of miner? - Programming and Robotics people.
"Unlimited resources in the solar system", that is what we used to say about Earth a few centuries ago.
I just hope you don’t mine some organism that would ruin our ecology. :P
Minecraft veterans should be in charge of this program
It's amazing! The serious ideas and considerations about the asteroid mining are becoming mainstream in my lifetime!
Space is fake. You have all been fooled by NASA.. Look into it and wake up
You'd have to be a trillionaire in the first place in order to mine asteroids...
False, the first trillionaires were trying to buy bread in Zimbabwe.
I wonder why multiple billionaires havent sought to jump into this
Becaude they are waiting for Elon Musk and Jeff Bezos to bring the cost of spaceflight down.
The first $ Trillionaire on Earth is Bezo. Where have you been?
Feels like a significant oversight to point out that value of material in orbit is proportional to launch cost, which is currently falling. Mining opportunities that makes sense at $3000/kilo probably won't make sense at $300/kilo, and that's where SpaceX is heading with Heavy/Starship.
Mojang: minecraft space
How is government gonna fuck this up
beltalowda intensifies
There goes the neighbormoon
Crazy how nations are having difficulty getting on the moon in this day and age, they should ask the Americans, they were able to do it in the 60s at the first attempt getting humans and moon buggies up there unless of course you think it was BS
Me
is that your final answer?
How can one invest in this ?
Hell one asteroid and black folks can get of this rock and start all over yeah I’m racist af y’all can have this mf
Humans Drain Earth Of All Natural Resources: Also Humans, "On To The Moon!!"
Find fresh water first. Earth needs fresh water a lot
That’s Bruce Daimler’s idea anyway.
I’m not conspiratorial at all but it looks like they are gonna try to ruin the gold standard with a fake asteroid that will destroy our gold savings!!
Will there be more episodes? I love this series
Oh finally someone recognizes the power of hydrogen
So its 2020 and we are still fantasizing about the future ....
Step 0. grow some balls Step 1. Build moon base step 2. Let fabrication and mining happen there step 3. Supply earth and mission to mars from space step 4. endless possibility's
Just watched this and beyond the usual my concerns are thus: inorder for space to be truly opened up there will the need for a digital monetary system enacted that would be recognized by the worlds economic leading nations that could be easily convertible to terrestrial currencies. Or all is moot.
Kevin Maher which requires a tremendous amount of energy.
Water can be broken into Hydrogen and Oxygen, which are rocket fuel.
I'm actually dead when this happens, soo0o0oo0o0o0o0oooo...
*jeff bezos is already on track to be first trillionaire by 2030. sorry to fuck up your series*
When space mining becomes a thing, bitcoin will take over the main way for storing wealth
Love this video! Tons of interesting info!!
I hope its just precious metals we dig up there; not something we shouldn't have dig up, awaken or discovered lol
Only idiots think that having the prices of metals on earth going to zero is a bad thing
It’s crazy to think that all these countries can come together when it comes to making money and space travel but at war over everything else
the first trillionaires will mine asteroids..? the dude hasnt seen the currency of venezuela. everyone is a multi trillionaire there
Who's on the minin' rig, boys?!
Great video!
Man fuck money let live
Supply and demand baby, supply and demand.
you already know elon musk loves this video
"SPACE THE NEW FRONTIER" My goodness!
Yeah, but having infinite supplies of gold and platinum would be amazing. Screw the price. Imagine the applications.
You mean “ Who wants to destroy the fucking economy”
Some metals have medical usage, and happen to be in short supply on Earth.. With space mining, the cost of such metals could lower, making medical implants common place. Helping the blind see and the lame walk.. But for now that is but a dream. As the cost of such materials is way to costly for people to easily work with.. The other problem is that those materials, will likely never become lower than the cost of recovery.. As no one in their right mind would mine such ore at a loss.. But such follies do happen from time to time... Stop with the water mining for propulsion crap.. Future rockets will likely use ionic mater. But water will always be needed for life support needs.
stop using neil degrasse lame ass for references in any upload. I immediately am push away from something as soon as they picture or audio in something tyson said in the past, I am no longer on board with watching. His psuedo science is so far fetched, and all he does is attack someone sanity or credentials when debating anything not just flat earth. If one wants more viewers, I strongly suggest not putting anything "Neil Degrasse Tyson" in one's video/video's.
Colorado School of Mines!!!
une idée très pertinente et avantageuses mais quelles conséquences générales est ce que tous cela aura sur l'écosystèm e en générales les gens aiment tellement s'enthousiasmer sur les nouvelles choses et ne se rende compte de leurs erreurs quand c'est trop tard
Trillionaire? If BILLIONAIRES shouldn't be allowed to exist, why the hell should we allow trillionaires be allowed to exist!? Trillionaires would have more money than many of the worlds wealthiest countries. Why the hell should we allow any one individual to have more money than an entire country or planet?
all of space is fake we cannot get out stop showing us cartoons
Ad Astra brought me here
.js
Red faction 1 anyone.
Just use a fuckin space elevator to bring the materials doen. easy peasy.
If only we could get through that pesky radiation belt. Untill then it's all science fiction posing as truth.
Please make more of these, this is great producing.
How does one become a millionaire in the space business? One states out as a billionaire! Usually! No mater how much the prices comes down for any material in space, it will always be much, much higher than could be gotten on earth!
All this is a waste of money and time. We will all die. No matter what Stop smoking crack
Very interesting. Maybe the extraterrestrials will not want us mining on other planets. Chew on that thought.
I have counted what was needed, 10 million dollars for each adult(children or not) in the world would be living luxury for the rest of his life...
Can't wait till i can take my real life krait MkII to mine some void opals
KEEP THESE VIDEOS COMING BLOOMBERG!! ✔️✔️✔️
Coppah
im going to do that
liars.
not cost - effective very bad math
3:52 is that what we want? So fucking not a few people can control the supply? And we could create things freely for people who have no resources for homes/houses? Lmao I stopped watching here.
Everything is very excited that I forget how much pollution we already have
All it takes is one brave soul to bring back enough to crash the mineral economy, and we take the first step toward eliminating the need for money. We can focus on world hunger, developing new technology, etc. This is probably too big of an idea for a people so obsessed with material possessions, but Generation Z's children may very well see the elimination of money
First mine Afghanistan mountains.
Monixide and GOLD makes Oxygen ... Who ever gets that Asteriod is a savior to mankind essentially... Also we still need trees because Trees make more oxygen, naturally, also.
It would require more delta-v to bring water from an asteroid into low earth orbit than to just get it there from earth
They can never do it without the reactor of Mr. Santana.
In US dollar?
Minimum waige for those who will to that job!
And what if government put restrictions that no private enterprises can mine in space and only govt can mine in space because they don't want to give so much power and money to individuals
Imagine where NASA would be if they kept their funding after the original moon landing. America must be kicking them self in the ass right now.
How about shorting gold futures ??? By mining the platinum and gold in space and plummet the price to 0 you still earn billions lol
There is no doubt that the super futuristic space mining industry concerned with extracting precious minerals,metals & gems (e.g:- diamonds) from asteroids, natural satellites & planets looks like a trillion dollar industry which might come into reality with less than a decade. In order to mine asteroids & strange cosmic bodies (e.g. Oumuamua) the Aerospace Industry requires extremely advanced AI technologies and huge space vehicles in extraction & collection process of resources.
Interesting ... Level 2 - using the power of the sun to vaporise rich asteroids. Level 3 - using earth’s atmosphere to vaporise them .... what could possibly go wrong?
Why dont we just make millions of cash?
9:45 NASA's hyper-expensive vibrating butt-plug drill got stuck a few inches below the mars surface, and nobody got fired...
Congrats on f///ng in the ass the little man who has a job as driver of freight trains and/or other mining equipment here on Earth. Profit over human lives, freaking greedy mupets....
Solar power is used to break water apart, to then get used as rocket fuel. It’s essentially turning solar power into rocket power.
Why so salty
Because going to the asteroids themselves (landing and taking off from them, to be specific) is much easier
Becuase without rich individuals making decisions you get complete chaos
Long Bitcoin.
Who Wants To Be A Trillionaire? .... just at the beginning
Wow great documentary
Nothing in space can be owned by a country . are companies and countries going to take over space ? I would rather a company own something than a government . governments are scum
Such nay sayers... with energy production off world we could send it back to earth without having to waste earth resources to bring it back once we have properly set up factories on the moon and energy production on asteroids etc. We would stab into the asteroid, then drill down anchors, we would also anchor the mining equipment and then use physical methods to sort the particles and then store them to be processed on the moon.
Also boo-hoo we get super efficient materials to work with that will propel us into the future and be able to make and use new materials lol. Having gold and platimum etc to use freely would be amazing for us.
Aaaaannnnddd whoever believes we will be able to mine asteroids in the future are just retarded or drank too much indoctrination juice
yen idhu vara udachadhellam pathadha. furniture mela kai vacha modha deadbody needhan
When they mention the automated freight train for space mining I was definitely thinking Factorio :)
So we can go there and screw it up also
Fuck that Bring the asteroids here it’s exactly what we want. Fuck the powerful trying to control us through scarcity making us desperate and obedient
Stopping these terra destroying crooks from getting into and exploiting outer space needs to become a major cause. No sooner is the earth reeling from climate crisis and sensing a loss of ultimate ROI from their current planet the capitalist elite turn to exploiting the nearest resource rich planet they can get their hands on. Absolutely disgusting.
Dead Space taught me it is a terrible idea to mine asteroids.
Venom will be here soon
Hey, if anyone in the comments section wants to help me out on a space mission, I can offer about $1,000,000,000,000,000,000. Lmk
Once greedy people see the revenues, we will go from mining asteroids to mining worlds!!! And we will become destroyers of worlds!!! Amazing time to be alive
Seems like Trans Astra are thinking a bit more out of the box than Honeybee.
Did they say seven hundred quintillion dollars hhaa WOWOWOW !
Awesome & fun series can’t wait for new episodes!
It's why we push ice or will push ice to supply all the space habitats.
Theyre worried about prices of things crashing to 0 if we can mine unlimited resources. YOU FUCKING IDIOTS THATS THE POINT. Why should 99.999% of people have to SLAVE THEIR LIVES AWAY FOR 50 YEARS AND DIE WITH NOTHING?
...let me get this straight, they took a tool designed to disturb ice as little as possible to preserve its information in case everything else melts.... and made it melt the ice?
On the "Moon?"..... Right......as if we would know.
3:36 700,000,000,000,000,000,000 dollar *deep inhalation*
Money is worthless paper used to trick people out of labor. Money is the new form of slavery..... Get off money as much as possible.
Actually gold would devalue since the supply would increase by alot.
What if you dissolved the space rock n then sent it back in a container? Or just broke it up into pieces which can be stored in a bay
Propellent in space at $3000 a KG for fuel in space? I think SpaceX can already launch cargo into space for less than that. With booster reusability speed ramping up and having more Falcon 9's than customers could make use of, ULA could turn into yet another SpaceX customer. Way yet even more with Starship online.
The first trillionaire will a few on the Ripple exec team...
10 seconds ad FFS
I love how besides all the important calculations and predictions are made by supercomputers nowadays, real innovation like this is still being done by humans
Large amounts in small bits please.
Wot day don't say is the cost of mining this giant rocks
what happens in space, stays in space
Mark my words, I will once own an asteroid mining company.
We require more minerals
Seems like a waste to just BUY it from other ppl and not Make it Yurself. And Save obviously.
The alien ship is on its way to rendezvous with history
A great video, but worst narrator, can hardly hear her.
Find a metallic asteroid in proper size that it could be spun to maintain artificial gravity. Dispatch robotic and maybe human miners to hollow out asteroid and shape into a habitat as its mined for metal. The metal could be used as a mass canon driver to move an asteroid. After ejecting as propulsion the metal slug could be easily directed towards earth orbit or most anywhere with small thruster and orbital assistance. You could use mass drivers to cause rotation of asteroid the inside could be lite with a fiber optic array faced towards the sun. I could greatly elaborate on this idea. It seems possible with today's tech to complete in less than 25 years.
This stuff is a nonsense, just academics trying to get people excited so they can get funding and continue chasing pipe dreams
Let's go catch' em all boys
Imagine how interesting it will be, if beings from other planets come to earth to mine.
why did nasa stop in 1972?
Can Mars's mass be increased to strengthen its gravity?
JUST WHAT IF: some TPTB already have the capability to direct hit to earth an asteroid having huge amounts of gold or any other precious metals in them, just to mine them here on earth with disregard to humanity's existence?
Joel Valdez - They’d probably just mine the Asteroid & leave, and we’d never know they had been here.
Demi Nada not profitable because of ongoing war
Minecraft Space edition
This is how you bring Calvin on earth.
Why no mention of Chinese success moon landing¿
This is bullshit. Unless a tonne of a payload costs 100 usd per launch or less, noone will ever want to build a mining spacecraft and launch it into space for resources. It's stupid. Earth already has everything we need at much cheaper costs. This is only feasible if there is a 24 carat gold asteroid hanging somewhere in solar system but even then if someone would manage to deliver pure gold on Earth it would be much more expensive unless the quantity of it is quite enough to compete.
One thing being completely ignored is the fact that if there is surplus of gold, platinum, diamonds or any other today rare metal or gas it will no longer hold the same prices. If we were to mine $100T of Gold, it would become as cheap as stainless steal. In fact that type of money would inflate the entire worlds resources. If an individual had 1 trillion dollar that would be accepted. But 100 Trillion that's so much people are gonna demand that person to split up the money. You could buy America's debt 5 times over. You could start a war on mars and call it yours.
NASA taking Elon Musk pride ? Now they want to reduce the costs ? Hahahahaahahah
Fujitora please join my crew.
if you can get rid of small space rocks and learn from that using heat then go ahead and try
Alternate title: who wants to be able to destabilise world markets by controlling supply and demand, driving into utter worthlessness by sheer volume of minerals supplied? Any rate element isn't going to be worth much when you dump terms of thousands in metric tons into the market.
anti-gravity is da only solution.
The belief that bringing rare earth metals from space will make the price plummet to zero is naive. There has been a lot more gold in existence then what is released into the market, mining companies just hold onto the excess to control the price.
So bottom line is that a water tank can cause another world war in the future.
Just imagine saying you own a space mining company
WOOOT
Humans finding the dev console for unlimited resources lmao
Oh please. I've been promised a flying car since 1955. Get me my flying car and then you can talk about playing in space.
Lovely. We could literally back fiat properly again lol
NASA: taking your tax money to act as a VC to prop up companies that we and our families have inside knowledge of so that we can acquire stakes if they prove lucrative. NASA honestly should be milking this role as the lone supporter to take minority stakes in lieu of monies given. Never has it been more lucrative to have friends and family at a government NGO than NASA. It's doing the same as the Pentagon via defense contractors but acting as a grant awarding body. NASA should have acquired 20% of Space X in exchange for baling it out toward repaying US taxpayers. If one day a business fosters a trillionaire owner that used to retain NASA as a sole benefactor that will be great evidence of how NGOs are used to redistribute taxpayer money to shaft taxpayers. NASA = The Kleiner Perkins of aerospace (it can't assume stakes directly but what its employees gather in insight greatly benefits those who know them).
China has entered the chat China copied the chat China has left the chat
I'm going to call my deep space mining ship USCSS Nostromo.
We've brought humans back from space but we can't bring back metals??
Lol we’re so tiny
India should stay away from the moon and spent the efforts and resources on fixing their problems on Earth. Their population lives below the poverty line and still shits in the streets...not to mention they Indian Hindus still practice barbaric customs like casteism and are cling to idiotic superstitious beliefs.
To believe this bullshit you gotta be really retarted. The market is valuing your product by the market's needs not by you're set fictional worth of an item. If you bring an X amount of gold to earth the worth of gold itself is gonna drop drastically, making it close to worthless
Want to remain uneducated ? Keep listening to this corporate fiction. Wake up.
Keep it up Bloomberg, these documentaries are great.
Minecraft: space
I think it’s likely that the huge increase in supply will drive down price and drive up innovation.
The car in space is an obvious lie and completely fake cgi. And the rocket landing footage is just a rewind of the landing... No Rickey could ever land back down like it did. You morons. Wake the fuck up!
Do you guys even examine and think about the footage you endorse before publishing? I mean this video is so damn ridiculously stupid it's mind blowing. I saw nothing but cgi and 'ball earth' BALLshit. So you guys BALLieve this all based off of what then?? You fools are partly to blame for the indoctrination of people's minds. STOP peddling lies!!!
I remember 5 years ago when I heard about this and thought to myself "oh wow" and "that makes sense"... Now I'm like "what a crock of BALLshit" and "it will never happen seeing as how no one gets to travel to 'outer space', let alone that there are NO FLOATING OUTER SPACE ROCKS IN EXISTENCE". Not even 'planets' are floating space rocks. This video is seriously stupid, fictional, and should be removed. You guys are lying to people. Ant no space rocks flying around above. Wake up @bloomberg
you need oxygen for water so are they talking about a different kind of water?
Move to Zimbabwe
I thought this was some loud in the thumbnail
Despite the Trillionaire drive to be able to do this, the real value will come to the fact that with this technology or method, we will be able to hop from one resource to another without risking running out and go further and further exploring the far reaches of space all while picking the fruits of the asteroids for what we need stockpiling continuing on to ultimately discover new and strange elements to help drive further science and technology. Which will ensure the human race a way to survive out in space even without a planet and to give hope to the ultimate goal of finally helping other living things smaller than us as we have read about angels helping us in our time of need, so we become what we have dreamed of.
Then explain element 115 and why is it on the Periodic Table of elements if it's not even found on earth..... Roswell...
unreal bullshit in the making! fooling the masses. phahahaha :D
I wanna mine gold fuck yeah
Thanks Bloomberg , u inspired me difinetly will tell my friends about it and one thing DO NOT STOP MAKING THIS SERIES AND KEEP TEACHING NETIZENS ABOUT SCIENTIFIC IDEAS AND RESEARCH bcz not everyone doing this . Love u
the question should be"who doesnt wants to be a Zillionaire?"
waiting for an astroid to have oil so the US can attack it for having weapons of mass destruction. CANT WAIT
The Rothschild family are the first trillionaires you fuckin dummies, THEY own the entire world GDP of 500 trillion.
How neat to see STEM progressing in our lifetime.
Its all supply and demand. The prices on earth and value of these materials will plunge if they start mining these asteroids.
If drilling is so hard just take a shovel start digging bitch
Great video, but why hydrogen was mentioned so strongly as space fuel when SpaceX is already developing a technology for methane?
Yeah sure there are. Figures that the notion of space travel is reduced down to blue-pill rubbish - money and plundering, tardo GDP thinking. You'll never be allowed to pretend you can mine space.
Lol... lol... lol... business still business
There you go...the next level of power and money is there
Surely if u work in space then most earth based minerals are outdated? Why the need for clunky iron when titanian can do more? For example.
one of the first Trillionaire its income will come from Africa... all of these rocks you can find there in a small quantity ( the fewer in the world the higher its value).
The first trillionaires will be created after the government inflates our currency into oblivion.
Cool how old are you?
First we bag it, then we slag it.
This brings me back to playing Motherload on Miniclip.
Born too late to explore the earth, born too early to explore space...goddamnit...
There is a concept known by the name of 'Supply and Demand' because of which the cost of oxygen at terrain levels is null whereas it gets some value at high altitudes, and there is a huge 'value migration' happening towards renewable energies, which reduces the value of any resources mined from asteroids. Dude when demand sucks, more supply does nothing but reduces the cost.
Where is that luxury hotel in vegas
Hydrogen for car fuel?? this is just ridiculous. Zero point energy is at our disposal to avoid using any type of fuel fossils but banned by our governments
Im calling wang on the trillionaire prediction, first is gunna be the person who figures out carbon printing, which will actually make asteroid mining worthless, because metals are weaker and less conductive than arranged carbon and its abundant on earth, the moon, mars, etc. Technological boom from carbon printing is on par with the discovery of electricity.
Space mining ⛏
neil degrasse is a bullshitter
What a bs hoax.
the real question is the amount of energy used to mine the elements same as the energy produced?
India India India India India India India
Who cares about the value of the metals going down, it would be a big win for humanity to mine billions of dollars worth of gold or other metals because they have way more positive uses and functions than looking pretty
"Bringing the price [of rare metals on Earth] to near zero." This is really dumb. The price of space-mined minerals can't get that low because of the very high cost of extraction and transport.
Instead of trying to mine other planets try to improve the recycling techniques of waste materials. that is a cheaper, more logical and much practical alternative.
Damn; I’m low key sad that I was born in this generation and not the one where humans have conquered space and I can lead a spaceship fleet of bandits who steal resources from $quintillion worth space mining companies
or, hear me out here, launch loop and then you can send what ever the heck ya want up there and do what ever the heck ya want.
Whz gawd van in the space
Please I was the first Trillionaire. In Zimbabwe.
Biassed report full of emotionalism. Silly kiddy stuff really. Mining on Mars has been proposed at least 40 years ago.
I knew it!!! This is why everyone's going to the Mars! For the asteroid Belt!!! I knew your secret Elon! I was right!
Me I want to be the next Marcus Crassus. Where do I sign up?
I hope Elon musk gets in on this.
I try it's not easy
Crock of crap really if gold is such a commodity why do you humans mine and Chase it because it's in everything with computers and love
And you not even getting there it's a crock of crap there's no way to get there is no way to chase them we can't even go to the dark side of the moon and you're talkin about chasing asteroids a******
Croc of crap that's what I smell
Why wouldn't the Sumerians mine gold everywhere else they you suggest instead of the Earth, I smell like rock rap
If it's true why are the Sumerians come here combined gold and change our DNA
This video made me realize (again) how sad humans are. "Once we erode the rarity of a high value metal or mineral, the value of that terrestrially could drop significantly." And this is bad? We value the money more than the materials we'd even need it for. Having an abundance of resources would make money irrelevant.
HA! You think your kind will ever mine the Asteroids? You don't have the brains or the willpower to do anything. You are weak. If anyone is going to mine the Stars it's going to be me. I'm a Visionary.
This isn't ever going to happen
What happen to the water on earth?
My guess if anyone where to mine a $100 trillion gold asteroid, they would probably follow Debeers' business model and just slowly release the gold into circulation to artificially manipulate it's rarity.
Look at the amazing things NASA has done and has plans to do. Then you got a bunch of republicans who think they know better than NASA’s climate science programs. These people are ignorant as the flat earth people.
Oh no, not these humans again! They messed up their planet now they have their eyes on the next planet.
the complaint shouldn't be about crashing the market for Resource-X, it should be about how do we modify the planet and others to support greater density of humanity. the production of things should be the cost, not their input materials.
So who's got that amount of money to pay out?
Minerals - gold silver. Iron. Copper Skyscrapers First trillionaires Water in space. Hydrogen fuel
Only supes could mine asteroids easily
Why is it essential to use NASA for this? NASA is a slow and expensive bureaucracy with many limitations, do it yourself. SpaceX is relatively cheap, and you dont have to share your patents with them.
For humans to live on the moon the first step is impossible because we need food, water, oxygen and shelter. We just need to build AI androids and robots since they don't need food, water or breath they can first build infrastuctures on the moon for the humans who will come later to live on the moon.
Yes to asteroid mining. the one that is made of gold.
Imagine a huge astroid fall in your property... Damn you're a traillionaire
@Sandstrand Fjeldstein when I say huge it doesn't meant huge as football playground but big as small garden
Lordy Full Or you’re dead...
Citation for the "2018 paper"?
Honestly why not help the planet out while doing this. Since you need water for the fuel, why not use ice from Antarctica to create the fuel this will help the water rising problem earth has and global warming.
Look at us! We are scared of valuable resource abundance...
Tax is also Trillion Am i right? Hehehe
Is propaganda there’s no such thing as fucking space mining
Space, lol. Blind dumb sheep....humans are the dumbest species, believe what they are told
Just a nasa scam
The 0.0001 percent of the 0.0001 percent
devalue the materials? do you know anything about the diamond market?
Imagine how many people's response was "ME!" and how many of them becomes one :(
With big magnet attract asteroids to earth......
we have seriously neglected hydrogen as a fuel for too long, its really a shame that we arent using the most abundant element on earth WATER for a better planet, when are we going to improve the process of making hydrogen ?!?!?! Batteries alone arent enough
Red Forman can drill so many holes there with his foot.
The moment I heard moon water mining I immediately thought that it can't end well. The Moon is a very important entity for our planet. If we somehow disturb that balance, Earth would go through massive cataclysms. If Moon water mining becomes a thing, it should be heavily regulated by calculating the threshold it can take before losing enough mass to eventually influence Earth. Imho the Moon can be used for bases and a jumping point towards other space instances but not be terraformed in any way. It's just too close.
Helium 3
This is fucking dumb. Not using material floating around, because some big asses like how economy is slowly degrading us. fucking nice.
Yeah!!..finally capitalism economy model have met it's match.. Owning a universe..i knew capitalism is our specie of humanity savour ..
I just hope NASA doesnt discover an alien civilisation with abundant oil reserves. Because you know the american government will make an announcement that the aliens are planning an invasion and we need to bring some democracy to alpha centauri.
Poor asteroids
I always laugh when a NEO comes by. Every wealthy person on the Earth says, "Money? I don't want any of that." Some of the rocks that have drifted by had minerals and metals in them. The total value of those resources was more that there is money on the planet. The first person to start mining these will end up with a family name and impact like Carnegie. But hey, who is interested in a family that never runs out of money?
they're clearly avoiding the topic of spaceX
I
It's not just the question of becoming a Trillionaire, it's the impact that achieving this will make.
Water can also make OXYHYDROGEN.... A NICE METHOD OF MELTING ROCK. AND MAKING PURE WATER.
Lol this will never become a reality , we can't even get to Mars, let alone an asteroid
for the everyday joe blow buy water stock.. goldman sachs have said numerous times water will be the petroleum of this century
Won’t water sublimate in the vacuum of space???
Belt Of Space Rock Is There For A Reason , If We Disturb , May Be , We Too Will Be Disturbed ...
Time for us Africans to pull up our socks before this world wont need us anymore
I can't wait until they mine gold so much that it becomes cheap again !!
Load of utter rubbish. Bring out your circus cars on your next fake meeting clowns. You aren't accomplishing Jack. Other than filling others heads with indoctrinating false illusions of grandeur
just develop AI then send them to space ez.
Earth is flat. Never happening.
3:53 That what earth will looks like if you mess with asteroid trajectory by mining it.
But why make trillions when you can make... Billions???
Instead of the betterment of mankind they talk about individuals/companies securing more resources and selfish interests. How bout you mine space and use those profits to improve society and the lives of all people on earth??
but bringing all those mined minerals back to earth would eventually make our planet more dense thus might cause some reaction , ie: in gravity etc
""space may be the final frontier, but its made in a Hollywood basement..." - RHCP
Build the rocket on the astroid
Dont try to be fool guys This Crazy Peoples WANT TO FOLLOW THERES STUPID COURSE CHOICE
Nah, if we fund NASA to do this I want equity. Screw allowing private capital the profits from our infrastructure.
They forgot to start this series with: Once upon a time... such BS
We continue to look to the stars when 70% of our ear is covered with water. What lies hidden under the waves? We need to be exploring and colonizing the oceans!
Corporate self-delusion bidding for non-existent funding from insolvent government agencies.
Hydrogen fuel will NOT reduce greenhouse gas emissions because nearly all hydrogen used for fuel cells is derived from natural gas, and water hydrolysis is not as energy efficient as just storing the electricity in a battery and using it to power an electric vehicle.
All you need to be a trillionaire is to move to Zimbabwe or Argentina.
Money is worthless paper used to trick people out of labor. Money is the new form of slavery system..... Get off money as much as possible. Electric cars solar power and pay off debt.
Currently the cost exceeds the benefits. But with hyperinflation, the universe is the limit.
Sometimes I forget we're in the future.
We have a abundance of water on earth. What should we go mine from space? WATER!
I would advise us to mind our business
Your title is false, even if you manage to bring only 1 tons of raw material from space on earth (silver for example), the market price of this raw material will be divided by at least 10. You even mentioned this on this video... Anyway, in my opinion the first Trillionaire will be Elon Musk: He is well positioned on electric and autonomous car, well positioned on space business (Starlink will bring him billions $ of profits each years), well positioned on robotic-human connection,etc,etc...
I like how the fact that the materials would not be sent to earth was quickly gleamed over.
Totally clever
Richest man in history was black Muslim
How about Bitcoin mining?
humans are stupid
Recruit me, i dare to venture the space for the sake of mining! I need money!
Basically you need billion dollars to mine asteroids... So...eventually the rich get richer As simple as that
When we start mining in space New level unlocked.
This will be the future of Mining. Selling propellant is the way to go to make big money.. You will become a trillionaire.
Don't mess with God's rock's!
2 words, space factory
Introducing Off World Trading Company
One solution! RORQUALS!
Only eve players would know how rich you would get by mining asteroids. Hahaha Like this if you played eve.
im pretty sure china gonna snatch all the asteroids up for themselves then sells them for 4x the price to other countries
what is point of mining in space if it is not going to be used for earth products?
As soon as we can get a progressive president in the White House things like this are really going to take off! Humanity will finally become a space fairing race! Think what it would to for the economy having those kind of resources. Think of the endless careers and opportunities. There's a lot of money to be made, far more than our typical terrestrial businesses.
ur comment was so dumb it phsyically hurt me!
got polluted by nuclear waste
Every time you hear someone complain that sending people to space for tourism is just dumb just laugh at their tiny little minds. Space tourism is a stepping stone to what will take the human race to the next stage in allowing us to reach further out into the galaxy and beyond.
robotic asteroid prospecting looks very promising, with probe swarms. Current AI progress is going so fast, that when this gets off the ground (pun intended) those swarms will be pretty intelligent.
It seems that all of my skills in Kerbal Space would be put to test
maybe they gonna mine low grade nickel and made lithium battery there, or uranium and use it to mine bitcoin... that is deep
Jesus Christ, the ENTIRE production of the WORLDs mining operations is 1.7 trillion? But yet Bezos's net worth is 150 billion? How the fuck can a single human being be so close to the entire world's output of iron, steel, copper, silver, everything
12:36 is that bobby duke?
Bloomberg providing quality content!
*clap clap* Off World *clap clap* Mining Colonies *clap clap* Bright minds shall blaze the trail to the future Wealthy hands will carve the path wider and deeper The Rest can work to walk the way there
After all those mining activities did to our environment.
Worlds first Trillionaire. Now I know what Elon Musk is secretly working on. The "Boring Company" for digging mines and powerful solar charged batteries are all making sense. Not to mention he essentially has his own NASA (SpaceX)
My friend goes to Mines and I'm just so proud of him
What makes something so valuable is that it is scarce the moment this minerals are large in quantities in the world they will drop their value
14:32 Multi-million dollar contracts Foil Sara Lee Pan lmao
Dont let china steal your technology
Amazing!
Bru 2:45 Flashing lights and UFOs like a mofo
am I the only one high enough to have read "Spice Maning"?
1. everything that is rare on earth is in infinite supply in just our solar system. 2. at a basic level all industrial processes and manufacturing would be exponentially cheaper and easier as the force of gravity on the the process is reduced. (ex: on the moon 1 man can lift a building.) 3. it is the ultimate duty of humans to protect the whole of the earth and view it as a nature reserve.
Inb4 SpaceX gets there first and legit just forms a solar empire and conquers earth.
This is stupid to think this is real. Ok let me know when we get to the moon aging. If we ever did in the first place. I’m still waiting to see the flag on the moon without CGI.
Once you borrowed into a asteroid, living space created by extracted material. Even city’s can exist inside.
Once the earth has been destroyed by greed then the space is the next fucked up place.
The first trillionaires are the ones that own the private companies that print debt notes lmao
give me 4 billions i will build a rocket, go into space and come back with a bunch of astroids tied on my nuts
I thought that's tutorial for eve online :D
Drop the asteroid into the atmosphere it melts on descent. Lands as a glop of molten metal
but many asteroist move so fast. 50 000 km per sconds how to catch it or and travel big orbit. to stop the asteroid dont we need nuclear bomb? many micro nuclear head? remeber no to over porwer become too dangerous.
yeah but if they bring back trillions of $ of these metals, the metals wont be valuable anymore
this is simply amazing.
I’m really about to do this before I turn 75, can’t wait I’m currently 16 right now
Material of anti gravity can be helpful in logistic system. Magnet of venus can be such material.
i need just billion,thats all for my life XD
What blows my mind is countries like India, people barely use a bathroom, yet they are attempting to land on the moon? Same thing for China, most public bathrooms, you can't even put toilet paper in the toilet, because the system is too weak and the toilet will clog..... yet they have a space program? how about basic infrastructure first?
Who wants to be a trillionaire by packing as many ads into a 21:56 second video as possible.
Funny how could be lots of secrets space programs with incredible technology and maybe they already are doing space mining and not telling us to maintain prices high.
You are talking about other counties trying to land on moon's southern pole. But why haven't you mentioned India??
Bringing down the gold from asteroids, Goldbugs - bend over.
Can somebody please explain to my unscientific brain how we know what these astroids are made of?
They clearly state it, if they can bring a large amount of that from space which means more supply the uses then value will decrease significantly and may go down to zero. So why the hell would they do that? The point is to make money not get resources.
Wouldn't supply/demand drastically drop their values? Unless like diamond companies, they drip-drop a little bit into the market at a time...damn stones
AAAAAHHHH !!I DO INDEED WANT TO BE A TRILLIONER ??????????????????????KID MYSELF !!!BUT NICE TO THINK !!!MOST INTERESTING VIDDEO !!!!LOVED IT !!THANKS !!!FROM (U.K.).
Humanity is just cancele. We already have minecraft!
PayPal me K111TIA999
Why? So much to do on Earth....
woah wtf Bloomberg you're really stepping up your youtube content. I just realized this is a SERIES
wtf is anyone going to do with a trillion dollars in their lifetime? at that point it just becomes nonsensical.
>be mining company >get subsidized by government to invest in space mining automation technology >automate terrestrial operations, lay off 100's of 1000's of miners >government tries to tax mining corporations to pay for social welfare for laid off miners >no jurisdiction cause mining company moved its corporate HQ to 1 Ceres
elon musk already been ahead of yall lol 2019 - even our space mining equipment vapes bruhhhh
You don’t even need to space mine lmao what a waste of money
bullshit
This is not long term sustainable though. Once we use up all the water on the closest asteroids where will we get our fuel then? Just keep pushing further out and bringing it all the way back to fueling stations? You'd use as much fuel getting it back as was harvested. Yeah that's a lot of water but like fossil fuels it has it's limitations because it's not an infinite resource. The better, more viable and long term sustainable option would be to build a station on the moon, construct larger ships there, power those ships with nuclear energy and launch them from the moon with it's lesser gravity.
Cost of space mined materials will go as low as it needs to go to kill the competition and once monopoly is established it will float just bellow the price which would enable terrestrial competition. That will still be far above the extraction expenses.
Do we still believe USA landed on moon in 1969.
Where can I invest lmaoo
Competition is the true mother of invention and survival is the driving force........explore space to survive as an earth-born species
Who ever came up with this nonsense ass video needs to suck a sick d!ck
Wouldn't the materials mined be highly radioactive?
You guys are killing it lately with the content. You can be sure we want much more of it! Science and Tech for life
No one "earns" a trillion dollars.
282 dislike why con me wt app on 8146468800 india
Europa be the perfect fuel depot.
Why don’t we mine our sun’s hydrogen and helium and also the heat of the sun? Or it will still a waste of burn million of tons of those gases every day. Be smarter every day NASA.
Such an exciting time to be alive!
Nestle: Water is not a basic human right, it's everywhere in space anyone can just go there and get it
Abundance for everyone is the key to life
What about the lithium 6 8n the moon dust
Dont just dont! Or you'll find alien relics that reanimate corpse
Caring about the environment is gay we should wage wR against the planet exploit mine pollute dump lead antifreeze in the Amazon build Mr Burns Omni net
"space may be the final frontier, but its made in a Hollywood basement..." - RHCP
Japanese are fuccking awesome
it has been in my thought for past 3year to mine astroiedes
It's the only logical vector for humanity. We can't keep fighting over resources on Earth. There's enough for everyone, just harder to get.
Need more of space related series like these. This was awesome. Fan of Neil's StarTalk here.
Weyland-Yutani
We need that space elevator technology for this
Simple solution: Place powerful rocket type engines on the asteroid or use controlled explosives to move the asteroid towards our moon then allow the asteroid to soft impact the moon and use mining robots to collect the valuable materials then, use a cargo spacecraft to send the cargo to earth.
Robots made by SpaceX will mine outerspace
How is that a bad thing that prices would drop people are so greedy
What about antimatter. Copper iridium They are also used
When I finish building my own space ship. I will start mining dylithium, adamantium, unobtainium and the mineral in Avatar.
These video sometimes make me wonder why do people think the government spend trillions of dollars to lie about moon landing and the shape of earth
THis felt like 518907039812 hours of watching lol tf
the thinking of a caveman, instead of thinking for the benefit of humankind, the more material we have the further we can expand human civilization, but all they can think of how much money they can make, this is why humankind will perish
I bet if you had 50,000 tons of structural steel beams sitting on Mars, you'd have some buyers. I can think of one off the top of my head.
Quantum Computer. I need to make a rocket for $10
How much more weight can the earth hold?
New diseases! YAY!
Lauren Henley cocaine and hookers my friend
This is so ridiculous. So out of touch with real problems and real solutions for these problems. 2 billion people on Earth today don't have access to safe water.
NASER and Indier
lol....across huge areas of the oceans floors lie a gigantic resource of metals all lying in wait, hundrerds of billions of balls made of manganese, iron, PMG's, rare earths, all gifts from the underwater volcanoes and deep-sea oceanic vents, no mining required, only plucking!
how about solve the space debris flying around our planet too?
Billionaires already shouldn't exist. That goes triple for trillionaires.
Jokes on you the first trillionaire was a Zimbabwean
Just go to antartica most resources located on this planet other mother Africa facts .... Oh but wait we cant because of the Antarctic treaty thats stops everyone on the globe from even traveling there so
Earth is the largest object in existence. That's been my experience.
let spend billions to bring something back that will be worthless when it arrives... sounds just like something NASA would do.
Wow
So how are those O'Neill Cylinders coming along? Humanity needs to hurry tf up
it's a conspiracy lol
Planet Cracking will become a reality. Time to join the CEC, see y'all in 500 years.
This video is a part of what I have ideated 10 years back...This is most precise one. Kudos to Bloomberg
more complete bollocks
Sociopathic billionaires trying to make more money in space as the earth self destructs. Why not put that money into fighting climate change.
Did you consult Harry Stamper?
Once humans can truly traverse space, all control is lost.
@0:33 They show a space shuttle launch, assuming this was the very last shuttle launch this would have been July 21, 2011. Over nine years ago. For a video talking about the future of mining in space why are they showing a now non-existant, extinct form of space launch. It's like doing a video talking about how impactful electricty will be while showing a video of someone lighting a candle.
Come on Billionaires was earth not enough ???
ROCK AND STONE !
Will humans be employed though? Sounds like most of the potential jobs will go to robots
Those Pasadena scientists prove how illogical is imposing formal dress code over employees for whatever reasons
I hope we treat the Belters better then Earth and Mars did fictionally.
AVATAR IS NEAR
Sounds like the asteroids need FREEDOM!!!
We have to leave orbit first and we haven’t left it. That’s why satellites orbit around Earth and cannot leave .
buy btc:))
The title should be “Who doesn’t want to be a trillionaire?”
Completely BS......cgi, animation and more....
@Matt Pavi I didn't say I did
“You all” ? Do you profit of his business ?
lol you say is not worth it because u spend way too much money on the space ship, you could cut the costs in 80% byt recycling and using autonomous parts, Spacex can build a mining space ship for 50 M dollars, and reuse most of it, spending average 30M a travel, you could make a lot more money by mining, you can mine asteroids u just need graple hooks and suit equipment, you can even break big parts of the asteroids and bring them in a ship, it might seem not worth it but if u have enough space in a space ship you can bring more value than the cost of the ship in 1 travel depending on the chemical value of the Asteroid, but you would make a lot more money if u mined asteroids near the moon and build a base there, by having one, the minion procedures would be a lot ffaster and u could use ships to orbit arround the moon, you would spend a lot less fuel langing and shooting out of the moon, 6 times lass than on Earth, you would just need a big ship to bring the spoils from the moon to Earth, you would also save more money if u refined the materials on the moon, disposing of all useless mass, that is a trillion dollar business, with that money you could evolve technologies and build bases everywhere in our system and make a quadrillion dolar buisness, by evolving our technology, it would open a door for human prosperity, as we would be evolved enough to travel to other planets like earth in diferent solar systems, finding exotic particles and evolving our technologies even more, then being a intersolar species, and maybe one day be intergalactic, the problem about mining space is that it will create a lot more of injustice and unbalance, but that wont mater because our population i not sustainable, we will need the tech to travel to other living systems. Mining space will also give power to the corporations and they will rule governments as in politics, due to the fact the hold the power(money), that will create a war of corportions and human kind will divide, and spread all over the galaxy.This is my oppinion, at least if we survive our own evolution.
Mining in space is fanciful stupidity. This video is just stupid beyond belief and you fools are eating it up.
Now we know why Elon's company SpaceX is racing to be the first company to send humans to Mars. It is not only to bring civilisation to Mars but to start a huge mining company.
If somehow space travel becomes easy, the criminals who flee their countries now would be fleeing the planet!
Very very dangerous idea. The earth is in essence a closed loop system (give or take a few meteorites and the trash we already leave in space). Humans transform its materials but the total quantity does not change. In theory, with enough technology (lets say as much technology as required for space mining) things can be reverted to earlier states and reused. Space mining will add masses to the planet and we have simply no idea where that will lead.
Any Sambit Patra fans here ?. Like please
Human beings spreading and devouring resources like the viruses they are.
This is interesting and I definitely want in, having practiced in many videogames already, however notice how there seems to be no benefit at all for the majority of people.
Screw metals/minerals space mining is all about that Helium-3, worth much much more.
Current trillioners will be become quadrillionairs, you will be peasants, it is hereditary
Now greed gets to space...
Nonsense, anything losing its rarity over night and becoming as abundant similar to water isn't worth "700 Quintillion" anymore. Bloomberg loves to hyper inflate anything out of thin air, just remember that Diamonds were once upon a time quite worthless.
Bloomberg's boss the "Roschilds" are already Trillionaires !
Whats wrong with devaluing those metals? Just lets us use those better metals for more things.
The first trillionaires WILL be??? Ever heard of the Council of 13???...........................
We Humans are so busy at fighting over little bits of land that we call countries upon a round Earth that belongs to nobody except the creator himself, we are so busy fighting over just a little bit of gold or diamonds; but just look up above you into the night skies and you will see a heaven full of land and a heaven full of uncountable wealth more than anybody could count just be patient for our time will come begin to love each other and our time will come that much more quickly lets us all love and work together for the benefit of Humankind and for all of the creatures upon our dear Earth who we should look out for and take with us wherever we should go further to this we should try to bring all those back from the dead that have past and long since gone when our technology reaches the level to do so for we shall need them all in order to colonise space
Proponents of this must solve either of two problems: subspace scanners or travelling salesman problem.
i think to be able to create teleportations youll need space materials.
Heh, wanna be a trillionaire? Move to Uganda or Venezuela.
Just bring the asteroids here to the earth's surface.
M-A-R-S...Mars..Red Rocks. yeah yeah!
Congratulations you are now a Trillonaire... breaking news....Inflation has just soared up by 10000%
Of course the companies eyeing these asteroids for their minerals want to keep them up in space away from other competitors so they can set their own price.
100 trillion for that asteroid? Like surely you're gonna saturate the market for this stuff at some point long before you've extracted 100 trillion dollars worth.
i'm getting freelancer game flashbacks
The flag of the Philippines at 9:04 makes this video 500k views more
There’s a great new company called Wayland-Yutani at the forefront of this. They had a slight incident on the moon LV246, but nothing investors need to worry about.
So Elon musk has a drilling company TBC & space X could supply him with all the cobalt that tesla needs..... ... Who wants to be a trillionare . He does! Space dust only $1billion per kg.
didn’t think I’d feel so educated and interested by a Bloomberg video being this stoned... incredibly well done video
Need a extraordinary unique astronomical asteroid mining business to start myself with the best of the best visionaries
Asteroids are flat!!!
I love this video. This will help me on my journey to become a trillionaire
Who lives near a beach and is now scared if they bring more water back potentially flooding all port and beach citys in the world and decreasing land
15:00 - "okay okay hear me out, we're not going to LAND on the asteroid, we're going to EAT it instead"
We should bring back bits of that asteroid, just so it devalues the gold, etc. Lol
Wrong, the first trillionairs are going to be from crypto or carbon-credits.
Spoiler Alert: It will be one of the billionaires.
Quadrillionaire* Sure prices would go down, but when there is 1000s of times as many of every resource you can think of, the wealth pie gets that much bigger
The Expanse!
Fully automated luxury space communism soon come
I mine for gold in my nose daily and sometimes eat the payload.
Hahahahaha that's all we need is corporations destroying our galaxy.
extract water reserve on the moon? ffs this is also gonna affect the earth. the polarization will be out of balance. first people do it for the sake of knowledge, then someone turn it into profit focus and fuck things up. think global warming is bad? wait till they fuck up the moon. i'll be long gone by then....so should i even really care?
why do you say that ?
This has always been obvious to me. However... what happens when the mass we are literally adding to our planet by way of using outside resources begins to add up? Like, I imagine even a 1% change in the earths mass will have an effect, and I imagine we’d reach that very soon if were just brining in asterisks ti use their metal
Space mining will remove scarcity, without scarcity our idea of value changes. It changes so drastically that systems like Corporatism cant even exist. At least not for long.
First was Cristóbal Colón and the spain
We wont need this if we had alchemy
Sorry Neil, but the first Trillionaires already exists and they own the banks not the asteroids ☄️ (Rothschild Family)
This has been the Bloomberg Baby Bloomers argument for years, don't worry about using up earth's resources because we can get everything we need from outer space. Absolute BS. The resources we use today are taken away from future generations so lets be smarter and more compassionate than Boomers, and consume less.
this is so stupid lol
"Space mining..." * Stellaris players has entered the chat*
I ha e a strange feeling it’s going to be Jed bezos
@ 10:25 "it's ergonomic design allows it to be placed in the foot of a lander" I don't think that is what Ergonomic means.
India has gotten 65 billion dollars in economic aid from the US. And the Ganges is one of the most polluted rivers in the world. I think they should be focusing on the water home. Not on the moon.
Rev up those SCVs.
I want some of that unobtanium.
There already trillioniares etc dictators,Kings, and sultans but it will cost trillions or quintillion’s to mine this asteroids so we’ll never be able to mine them
If it's made up of mostly precious metals it has magnetic properties. A spaceship with a magnetic tow could pull it into orbit of the earth like a moon. Once it's in orbit it can be harvested. The moon isn't an object that can be harvested because it is hollow. When it's struck it rings like a bell which is hollow for that purpose.
Chinese EVE Online miners are having an orgasm rn.
19:00 sup blondie
18:58 That is such a cool vehicle
wouldnt these rare minerals have such high levels of radiation from being exposed to space with no atmosphere that they would give you cancer rendering them nearly worthless in current context?
We just need to move the trajectory of an asteroid a bit to make it hit a moon. Then we can mine it on the moon using it's gravity.
We need a space elevator or orbital elevator station to transport all that material back to earth, it would be more cheaper and safer than a rocket gathering materials from rocks and flying them back to earth, down into orbit.
Bruh when it gonna turn into cyberpunk that what I’m waiting for
What will happen when we take too much water from the moon and change its gravity amount is changed.
Who wants to devalue a commodity?!
Great, so what you're saying is, the greatest accounting fraud of all time will commence.
greed will be our doom
The first greedy idiots will be the first to start a war with the aliens and their allies
15:30 yeah, ok, what happens when you've sapped the juice from them, do you mark them? (i hope so) that way people in the future arent wasting resources trying to draw water from stones you've already depleted. How about you fuck off with hydrogen and harness electricity better, leave water for drinking.
You mean your only experience? I'm assuming you haven't been to many other objects in space
don't worry, it will never happen technology always improves, remember? we'll do just fine right here
I think as the market emerges new jobs that never existed before will open up
Mechanical engineering
AI parsing.....is it the new game
...who owns the moon?...who will claim it as theirs in years to come??...you can clearly see the possibility for conflict...
Is this ethical?
All this space talk is cute but the foreseeable future is daunting to say the least regarding foreign policy and our nation's sovereignty.
Aiming for not for the stars but something between Jupiter and mars
Spoiler: HE'S A CLONE
Gold price will decrease when the quantity increases.
Bezos is already almost a trillionaire and I doubt he's going to mine asteroids in the next 10 or so years.
Looks like you have not seen Armageddon movie
Neil Degrassie Tyson was wrong the instant he said "The first trillionaires will be those who mine asteroids." NO Neil... The first trillionaires already exist. They are bankers. Their patriarch is quoted as having said... "Permit me to issue and control the money of a nation, and I care not who makes its laws."
id give up my life to go mining in space. Train and go
In-SiTU Resource Utilization simply means they will hold back the supply in order to manipulate the market value. The De beers did this with diamonds. They have entire vaults filled with thousands of diamonds, that if hit the market would plumet the value. Same thing with oil, gold, silver and so on. The whole fucking thing is a racket
Fascinating. But the biggest question I have is will plastic straws and bags be banned on the moon?
Humans will mine asteroids when we would have found infinith gender
It will also bankrupt almost all economies on the planet that rely on mining unless we can find alternative revenue streams that can sustain them.
@Anthony Marici dont destroy something without having a backup plan makes more sense.
Don’t innovate bc it may hurt other countries is silly
where did i park my hulk already ?
WATER, is the most valuable asset on planet Earth. Nothing would exist on this planet without it. Join or die. Join or die. Join, or die.
Trillionaires are finding asteroids on space cams and naming them so when a certain frequency memory-less system take affect they say a nearby asteroid is coming and get money from the evil empires that should make technology right away to go to Mars! Reagan made fun of them with Reaganomics and space wars which space balls made fun of thinking it was someone else saying that leading to what the heck was Reagan talking about?
So this is the capitalist synthesis - transcending humanity and all traditional structures of hierarchy to reach a place where no guillotine can reach you, and ruling from the turret of the highest castle imaginable. Bone-chilling.
Wait, didn't the Spanish try to increase the supply of gold and it went completely wrong? Wouldn't increase the supply m ake the price go down? I'm confused
Elon Musk (Space X) : Am I a joke to you?
Music? Brian Schild whatheheck
i m curious they will make war also for land on other planets? the Aliens will look at us like... "uhhh the country side / primitive beings arrived here now? let's show them a lesson" :))) I vote to send Trump negociate with them haha
What a depressing and unimaginative title for a video about astroid mining. I would hope that by the time we are mining astroids we will have done away with extreme wealth inequality. We shouldn't have billionaires let alone trillionaires. New technology, if owned and controlled publicly, would enrich us all, not just a select few of parasitic capitalists.
Who Wants To Be A Drillionaire?
5:38 erhmm what? how would the f would a hotel project amount 4 billion USD?
8:40 Suck it, subhumɑns (Kikҽs and dothҽads).
so you want to use tax dollars to set up infrastructure so that billionaires can become trillionaires.... ok ya fuck you
@Yohan Vazquez we could do that too XD
We should try to devalue diamonds instead their such a scam
thought these were nugs, pce
So basically the rich and scientists are try to destroy the moon as they are doing the earth just so the can make more money or try to prove some thing that will cost us our lives in the long run. It's funny what people will do to make more money, very smart right.
No one thank you
So how do we recoup the water instead of "burning" it all off into space? Once it's used for fuel, can it be recollected? Does the thrust necessary to power a space vehicle forward necessitate ejecting it, or could it be recycled infinitely? I think these are Necessary questions, seeing as every resource is limited at some point. With talk of increased space travel and exploitation, we open the door for exponential growth, and exponentially increased waste.
"Trillionaire", "space", "future" = British female narrator
Minecraft 2?
if there is more gold and rare materials....dont you think the price would decrease??? You know they gonna control and manipulate the price, same thing they did with diamonds.
to mine an asteroid, you're gonna need the ship on one side of the asteroid and the drill and the suction on the other side of it so that the rocks, sand, small pebbles, etc don't get sucked into the ship's engines... or air ducts releasing Co2.....
laughs...always wondered if there was a gold nugget amongst the asteroids...need a water nugget and drop it on every dry continent
Don't get me wrong I'm all for asteroid mining, but am I the only one who's a little concerned about the possible unintended environmental consequences of bringing in mass amounts of rare metals at an ever accelerating rate? Yes? Okay.
Umm... are we forgetting about SpaceX? Blue Origin?
Maybe Trans Astra should use their tech to bring back the entire small asteroid?
Reported as spam. STOP LYING TO THE WORLD ABOUT SPACE!
And people still debating if the earth is flat smh
I had to unsubscribe, Bloomsburg pushing propaganda, space is Narnia
This will be super cool to have around and see what how different it will make the world. Sadly I don’t think anyone on the planet right now will live long enough to see it.
12:30 "WINE is a strong, strong, private public partnership with NASA right now" What does this even mean? Sounds like someone who wants to be in a relationship but doesn't want to be exclusive.
More money more responsibilities
Fantastic video. Love this kind of quality content.
Seriously Bloomberg weldone. Just super interesting.
I’m the first trillion
then next we find a nice plot of plasma and make a new Earth complete with stock planet heliosphere
Right....the people are fed up with you Bloomberg.
I'm not sure anyone would actually go. It'd probably be automated robots.
U wot mate?
Blockchain based Smart Contracts; we are getting very close to a cyberpunk era too.
Stupid
this has more environmental impact and is a step towards earths doom day
Could we just create ourselves any rare element with fusion?
umm you guys aware of the supply and demand thing?
I wanna be a 700 quintillionaire
Why does this sound like a terrible idea in a long term perspective
Most value asteroid worth estimate of 10 Trillion Dollars has 500 Millions Bitcoin in it.
hope we get to that leap. time is running out
Are we going to nationalice the space mining, so all the money profit from space mining will make ous all rich. orrrr are we just gonna make everything be worth 0.
The idea of a trillionaire is so grotesque. That level of wealth inequality is disgusting.
Get a fuggin pop filter Bloomberg
I'll be more than happy to go
but. [The Moon´s haunted]
Really do hope that when we are advanced enough to harvest space resources we won't have billionaires (or trillionaires) anymore
in space no one can hear you drill....
Earth has more mass than all the asteroids in the solar system combined. So if that's unlimited whats earth?
The continent of Africa will be the leader of space mining and the richest competitor.
I had to pause at 700 quintillion dollars because I didn't even know that existed looool
You fookin donkey idiots do not fook with the moon, it literally help our planet in numerous ways and it has effect on water tides and environment, man is getting dumber day by day and ruining everything from there own hands.
This will make Bernie Sanders cry lol
3:39 ok if that were true, then wouldn’t it be true that our own moon is worth roughly the same as this asteroid as it is believed that our moon was once part of the earth before it crashed and took a piece of the earth with it???
00:00 aphex twin much
@Djwhiskers George Carlin is on to the miranda rights thing again.
Making short docs great again
This is so sick
This is the first time that I see people talking about the real future.
IT'S ALL STARTING
i think someone can actually be happy also as a simple billionaire
and a lot of these problems go away if SpaceX develops the self landing fully reusable big falcon rocket it’s cost is for the reduced thanks to a new 3-D printing technology which allows us to 3-D print entire rockets including the rocket engines so what that means is that you could take a rocket engine that has 3000 parts and reduce it down to just three parts thanks to 3-D printing is largely seamless
and all the mining in space problems go away if you have orbital elevators because then you have a method of taking materials that are in space and bringing them down to earth cheaply once the infrastructure is set up once you have an orbital elevator you can build massive space stations that are basically giant factories in refineries in space and ship construction yards and you could build ships in space the size of modern day oil tankers if you wanted to you can send all the resources needed to build those ships all the parts all the components from the surface of earth all the way up in the space using the orbital elevator and then connected to the orbital elevator would be networks of factories and refineries but these factories and refineries it requires some sophisticated nano technology heck the whole thing would require sophisticated nano technology because it have to construct the orbital elevator cable out of nano technology but that’s besides the point once you have the infrastructure set up though to build it you could easily build gigantic mining ships they could deploy autonomous mining robots they could harvest asteroids and then bring the raw ore to the orbital refineries and then process them and then ship the materials back down to earth on the orbital elevator so are we anywhere close to this no we’re more like about and this is very optimistic 60 years away from it so maybe in 2069 2070 will see this beginning to take place
This isn’t a bad thing it just means we need to develop a new economy and economy not based on scarcity but on abundance
I'm imagining in the future there will be a job where you purposedly making an asteroid (if i'm right, i'm not exactly the smart guy) falls on the earth and there will be corporate that 'hunts' this asteroids down on earth. While the smaller pieces is being looted by indivuduals or much smaller group. And i also imagine a game where you become a space miner, going from one galaxies to the other, inspecting the many asteroids and planets that you came across and mine it. (I like it to be specifically asteroid mining game) man i hate my imagination because i wanted it to be real...
this is why i called human is a destructive being.
The world’s gdp is not even worth 50 trillion dollars so you expect to accumulate more than that you stupid fuck! If you increase the supply of anything the prices drop, basics of economics!
and then there's inflation
me
700 quintillion dollars? what is it on gummy bear currency? like 3?
fake news we cant get to the moon, the van allan belts will kill anything that goes through it
i thought theyve tried to dig into the moon and their digging tools fucked up because it was more difficult to dig than they thought. in other words it was a kind of metal like material that couldnt mine. correct me if i am wrong my highest form of education is high school so if anybody know more be more than happy to school me ill be accepting of the education since i cant afford it at the moment
theres no 2nd chance...Just change that !
I'm likely going to be the one to capitalize on all this, being a physicist and all... muahaha, just give me 10 years.
Working so hard to make humans useless, where do you think this will lead us ?
Probably not
@Luki Dwi Putra that's right, until you get a huge astroid full of gold
not if the demand outweigh the supply.
Maybe not him personaly but his comapny Blue Origin, same as SpaceX, will do this wihtout a doubt. They will be the first companies to have their own rockets to achiev it.
If space mining is feasible, the price of the materials that are rare on Earth will drop drastically.
Seems fair
Elon Musk must be working on this already...
They really need to work on their 3D printer at 17:35 lmao
Mr Beast: "First to mine dabba de gets to keep 100 trillion Dollars"
Airship elevated flwheel accelerated electromagnetic EPAR drillet cannon .
Imagine being the 1% who is actually concerned with this
The trillinare is not even born yet
thunderf00t has joined the chat
Notice it's all Cgi. . Space is a hoax
yeah man
No one see's this and thinks, maybe we could use this to better our society? And for once in our history not consider extreme profit in revenue as a thing for once? The survival of our species is way more important than money, this is why the elderly the run the govt and the space agencies are dysfunctional and only consider money as a positive, not bettering life for everyone else.
Are we about to enter type 2 civilization status now?
so if i heard well, today in 2019 lots of countries tried to send to the moon missions to check the viability to extract water but failed landing. "2019", uhmmm, now i know the true geniuses of the space era were from the 70's, they manage to send real people to walk in the moon in a time where we barely started to transport our selves with no horses and the most advanced technology was a computer that any smartphone from today would outsmart by thousand times. or maybe they didnt
But you need to be a billionaire first.
''causing the price to crash to zero'' ?? just keep the price high and surely that wont happen since ur the only one with a large amount of said material
Interesting but please. F**k off. Evidence??????? With all this super amazing technology, why can't we transform seawater when you have no idea what's inside the water that could be from another galaxy. What a bunch of deceptions and lies.....Why dont you invest your money in feeding the millions whose land have dried up. or others, on earth... Idiots.....balloon heads
Anyone know where I can get a copy of the government report?
I wanna be a trillionaire so freaking bad
I'll just make a huge net, grab myself an asteroid and drag it back to earth, then sit back and count my trillions.
Who wants to be a Trillioner? 'Binomo's Ad play'
Moon can be the best candidate for Receiving Ports for all the Minerals on Space before delivered back to earth.
Basic Economics: Am I a joke to you?
so even trillion is not enough ?
we cant even stop killing each other.. who tf thinks we should be mine asteroids
This is the most violent act humans pursue on Earth. This talk and of assigning price tags to astroids to mine in space, is the height of human arrogance!
ahhh the microphone
so elon musk will be the first trillionaire?
1st Thing that got in my mind...How in the hell that we are in this mist of asteroid and have not been hit by one every hour? Then I realised that maybe the distance that seems small between asteroid and earth is actually more like Millions miles...
Who needs advanced technology all you need is a diamond pickaxes to mine a asteroid
Im fearing that era. we are not ready/worthy for new minerals and such infalted wealth
I wanna invest in a few years
Don't be mining our moon, idiots
How can I measure kg -s in space ???
Bruh he was using a PlayStation controller 9:57
Everyone! Thank Youtube for recommending this video to us.
who give a fuck about price morons.
Those things are gonna break the world's economy.
Me duuuuuuuh
What about radiation? Do you known that the metal that was treated by radiation also becoming radioactive. And space is extremely radioactive place.
Okay boomer.
I THOUGHT THE THUMBNAIL HAD KUSH ON IT HAHA IM SMOKED
This video has really great quality. Like everything is planned for months and then performed.
instead of the asteroids killing humans, we kill the asteroids
Wen du das niemals Schafen wirst Halt dich Bedeckt
9:55 Even nasa prefers using PS4 over xbox
How about knocking these asteroids of course so that they crash into the moon and from there you can mine them
0:27 arent those the chinese buildings that are coming down naturaly after just a few years of construction?
what you mine in null sec stays in null sec
hyabusa bro
Im deserving to be trillionaire! ⭐️ But earth is flat for me,, nah earth is WAVE hEhE -✈️
The Colgate commercial is trash I don’t fucking speak Spanish this is USA not mexico
1.Cut out all the pieces for your rocket. 2.Wrap and tape a tube of paper around the film canister. ... 3.Important! ... 4.Tape fins to your rocket body, if you want. 5.Roll the circle (with a wedge cut out) into a cone and tape it to the rocket's top. me: makes it also me: im a trillionaire
It's going to be too expensive
Imagine having 700 quintillions bucks in your bank acc You could literally buy every single country with less than 1% of your money
First let us all concentrate on giving food to all humans in planet , and then think about lives and minerals of space . people are starving and dying here and idiots are looking at sky.
Gotta mine all that asteroid juice
a trillionaire? send me 9 bucks Bezos hoe
If all the peoples interested in this field meet each other, we could create a space mining company
Just build the damn skyhooks, then we dont need fuel in any real quantity. We can build it today on Earth for around 50 billion dollars. In 30 years we can build one on Mars for around 1 trillion dollars and have access to all the planets in our Solar System without using more than 100 gallons of fuel just to alter trajectory.
Everybody thinks who's gonna mine, nobody thinks who's gonna clean all the mess the mining makes in space, im gonna be the space janitor
Dibs
Australia should work on space mining!
Why don’t we stop focusing on money on focus on everyone’s well being
It's actually illegal to mine in space
NASR
Where’s the sign up sheet
Chinese spy agents thanks Bloomberg for this video. They don't have to do hard jobs by hacking.
I don't know about being a trillionaire especially since the supply will go up massively and the price would drop because of it.
2034: New job occupation Space Miner
What if we push the asteroids to the moon and get it there . Like my comment and hopefully I get money.
dont let the nickel head politicians see this
why not farm antimatter and sell it. quadrillionare
Right, but in order to do this, I need to invest like 20 billion dollars. Google search: How to be a billionaire Google search 2: How to be a millionaire Google search 3: Better jobs than McDonalds Cashier
Imagine the new things we will discover once we tap into space resources, so many new technologies
Want to crash the economy?
i thought i clicked on EVE ONLINE video
THE 0.1% ACTUALLY
More like the government will mine them first and then everyone else will just be normal rich not super.
The price will drop only because of supply when the supply is greater then the demand, thus the price will not drop when you'd bring an asteroid back. Especially when a company like SpaceX would get an asteroid, nobody else is still able to reach those asteroids, and the worth will remain high and drop low with an insignificant amount.
Next thing the earth is going to be on sell lol
yeah...... just let me go inside my rocket rq and get a asteroid
Too bad the us space program gets a tenth of a penny of us tax dollars a year
Y'all really don't know about supply and demand?
just remember we don't do stuff because it is easy, we do it because it is hard
Mine moon first
For sure you will get a profit but the value of all of those elements will drop if there is enough of an abundance.
Hey I wanna be a Trillionaire !!!
The value of a material now a days has little to do with how much of it there is and more to do with how much of it we need.
Humans wanna destroy everything Smh
It would lose value because it wouldn’t be rare anymore
*shudders in EVE Online
If the next giant leap for mankind is corporations mining space... well it will be a leap in a terrible future. Space must be conquered when humanity has evolved from such as a primitive system called money. A species that's traveling with an ideology, that has a goal that is not ridiculous profit.
I will let me know
“Nasser”
Look if we build a rocket as a team... it could just happen lmk hmu $$
Putting value on asteroids! We really are the most stupid species around!
Gru was on to something when he stole the moon...
i wonder how the hell they come up with those numbers because there is no record of a human ever come close or across one of those asteroids ... its pure BS , fiction
Send unmanned automated Tesla rockets modified to retrieve asteroids and bring them back for processing, could be possible to grab some of the smaller ones for preliminary testing to build ideas and figure out all the logistics of how we might mine the larger asteroids in the future.
Why mine them in space, when you can just let them "land" on earth?
why do we care about money! we can do amazing things with the materials if we get it here we will develop technologie we where never able of making
You’d need to first be a billionaire lol
Remember my name Sagar babaji ..CEO spacemine ... future
1:49 nice
Yep and their are thousands of satellites too!...... or are there....... what is floating around up there?....... floating........ah the world of make believe is so much fun!
This has been an outstanding series and I would love more futurist content. There's a large demand for this content, but little supply (copied and pasted a comment that I agree with 1000%)
Fake... Space is a hoax made by rocket companies to collect money from billionaires and agencies...
hey, how are you doing? I like your skills die
i can just take my minecon 2016 diamond pickaxe and mine stuff and there im a trillionaire
Time to expand Spacex Elon Musk
am i the only one that thinks this will be a bad idea something feels off ? OR Maybe im tripin
You're an idiot
Pancakepng until ones moving so fast you got no chance
Buroch tell me more about this please
DestroyerOfWorlds name checks out
"Concerned". It's really a wet dream, if one sees the state the world is
Most of the theories talked about mining asteriods in this video are just theories without any implications. Mining on moon maybe possible but we can't mine asteriods. No matter what technology we have we just can't.
And here, I'm watching tutorials on mining Bitcoins !!
As long as they don't accidentally mess with the trajectory of the asteroid to the point where it's a threat to us.. then yeah it's much better than mining our planet.
I'm trying to prepare for my Spanish test, but instead I'm watching a video on Space Mining. Nice.
flying kettle sounds fun
Don't do it, Riddley Scott already tried to warn you!!!
Weyland-Yutani intensifies
Leads to space wars
Please don't mne the moon.. Geesh
Elon Musk is on the way
Antimatter is that expensive because we can only make micrograms at a time using massive particle accelerators.
Do the asteroids need our consent before we put a price on them or something?
1:37 kinda surprised we haven't been hit by more bigget asteroids
Search up who will be the first trillionaire it will be Jeff Bezos richest man in the world he makes 140 million a day and 3000$ a second and is predicted to be the first trillionaire by 2025
I'm gonna make a giant LASO & wrangle an asteroid...
H2O and He3 = $
Ok what about rockefeller he was already a Trillionaire
Jeff bezos and elon musk
1:48 *N I C E*
Everyone's talking about owning it but Joe bluth working for it
Why spend so much for water in space when you can convert the ocean water instead lol
Lower space travel cost, value of mining in space becomes realistic. simple.
ALRI FIRSTLY YOU NEED A START UP FUND AND THEN GET HIGH TECHS TO HELP WITH ROCKET MINERS AND YOU RISK IT YOU EITHER MINE IT AND BE A TRILLIONAIRE OR GO BROKE
Camulus777 how much we demand of it... if we flood earth with extra resources then demand will drop with shifts supply leftward creating an inflation
;)
When your brain have a mulfanction
Lore King because 1, you could end up destroying the moon if they are too big, changing the tides of the earth. 2, it takes a ton of energy to ‘push’ even a small asteroid into the moon away from its normal orbit. That’s what I think
Who’s down to build a rocket and launch it and split the trillions?
I guess I'm just one of the lucky ones
Everything about this vid filthyy
to study the potato shaped object
Sooo how in the hell are we suppose to mine these asteroids ?
Saud family worth 1.4 trillion lol gg
Ha ha
people be thinking to mine them in space ima bring em to earth and mine em
What if instead of going to the asteroid we bring the asteroid to us... Tractor beams turn up xD
Men taking dangerous steroids are digging gold from asteroids If you join us and invest millions we will multiply those to trillions
SO THIS IS WHAT JEFF BEZOS WANT TO DO IN THE MOON I SEE :P
noobmaster69 lol
If we don't think about profit, we could be a super advanced civilization right now. Think about that.
That’s the easiest way to be a trillionaire, build a small rocket that can be strap around your back. Then buy a space suit, wear it and fly to space to get the asteroid, and then sell it for 100 trillion.
If I was a trillionaire my close friends and family would be set for life
I call dibs on dabada.
What is the name of the research paper at 5:35?
Look at what elon musk sparked.
The narrator's voice is calm to listen
This video was so well done!
use magnet satellite drive the asteroid on any place in this planet
Oh yeah.
So basically, Eve-Online and Rorqual mining? Maaan, we were doing this from 2003. Legacy Imperium / TEST/ Goonswarm and those before. o7
This information is being handed to us like we own spaceships!
Year 3020 there will be less asteroids
Rocket worms. It has a drill mouth that brakes down material. Then used some of the material as fuel. It store's it inside of it's body. A thermite reaction would work. If you then orbit the site and the worms go back to the mother ship.
Planetary Resources and Deep Space Industries are going to be powerhouses in the future. I think the private sector will be the first to pull this off. Space X is probably researching this as well. If not they should be.
when's it ever ENOUGH for the greedy?
Elon musk was here
Facts
False diamonds are stored on purpose to keep their value artificially inflated. So who ever brought back the asteroid only only have to do the same.
Great EVE Online guide, really helped me out as a new player. Ty :)
My astronomy professor said “going to the moon is no longer valuable due to research done 50 years ago”. He was dead wrong.
No wonder Bowser was on the moon. It is the villainous thing to do.
The idea of extrapolating resources from other bodies and eventually abandoning those bodies has begun. Humans are the aliens that destroy resources.
I am for using the Moon as a launch site but I don't know about mining there. To what end will the Moon be mined. Mining, to me, means removing mass. So are we not afraid of altering the Moon's mass which will in turn affect us on Earth with strange tides or maybe the lack of tides? Silly question but I do wonder...
And what if one of those mining machines accidentally changes the trajectory of one of those asteroids towards Earth? What then, huhh?!?! HR: has entered chat
value comes from scarcity folks so careful how you mine the belt
Nasa thinks you are all great that's why they have sent you some NASA stickers to put on all your equipment that will be on YouTube,
If you mine space you can just dump your waste anywhere its a vacuum so it will float away out of the system eventually that's if on an escape velocity Mars especially with no magnetic field and solar flares I would say don't terraform and just build habitats (electrically powered no plants they can cause problems due to them being advanced life) You could build a cannon on the moon that makes a capsule enter the atmosphere of earth and enter it
Just to clarify, when I say "bodies", I mean "planetary bodies".
Wow. Kinda dark.
it is presented as it s ours, as humanity. a star trek vision that says that we are all on the same boat;planet. humanity has a management - resource problem, this video says more or less that it is over, that time has passed... war for survival is obsolete. this is the revolution of the mind, be excellent to each other, and rock on!
I don't think you understand how much money that is lol. If you were a 100-millionaire they would also be set for life. If you were a trillionaire, could ensure your friends and family were set for life with one ten thousandth of your wealth.
What is the name of library in space(year trillion)??
14:55 Brilliant. I have never before heard "cubic tennis court" used as a unit of volume. Love it.
WHY WOULD YOU BRING THINGS FROM SPACE TO EARTH!!?!??!??!?!!?! Do any of you morons understand how much this stuff is worth in orbit?????? YEAH its weight in fuel! and it!
Imagine the money you need for a startup
This right here is why digital gold (bitcoin) is a better long-term investment than physical gold (it has provable rarity while gold is relatively rare on earth, but not rare at all when we take into account what we will one day be able to mine out in space). It's only a matter of time before the supply is going to skyrocket from mining an asteroid... and it's GOING to happen, it's inevitable, so long as our tech keeps improving and evolving as it has over the last centuries and I see no reason why it wouldn't continue on its current trajectory. I expect that it will happen a lot sooner than most of us would theorize, since that technological improvement trajectory is a lot steeper than most of us realize.
17:25 There running Linux Ubuntu OS.
I hope all this happens but I also hope as a society that we have enough sense to realize that the existence of trillionaires would ruin whatever nation they're apart of.
If you cannot use the force of gravity to mine an asteriod, you have to use electromagnetism as another force that could be implemented like when you have one of those car things that turn on electronically to pull it. Then you can drill if at all possible.
This video was created by retards. The cost for access to space is falling, fast. Video totally ignores that. Anyone mining gold from asteroids will know not to drop the price to zero, that is a completely retarded notion. Bloomberg you should stick to bergers, because you don't know what your doing running for prez or making shitty science news.
Is it only me? Or humans should not be on this earth..... they are destroying it...
Awesome!! We ,I mean You are killing the Earth in the name of Greed. So why not go out into space and f!%k it up too in the name of Greed!! Pieces of pooooooh !!
Well diamonds are best used as tools rather than useless accessories. Maybe some sort of of artificial inflation is necessary in order to prevent it from making toilet paper out of it.
*More like Dumping in Space*
Those asteroids are so rich they have summerian names
This video devalues the word “million”
Someone needs to Alert the FED
Australia, space researech , 15 PHD's in Sydney. Realy ? Not funny.
Who cares money is a concept, just build stuff
Dumb. When you bring a gazillion tons of gold to earth, it all becomes worthless.
You can take some astroid material to earth if you have a big space ship. But you need mines in space(is best selution)
so why dont we spend MORE money on trying to mine these things
What 'if' so gambling, who want gambling? NASA
You need alot of rich people backing you.
Me but where we gonna get the money?
Space mining : *exist All Mineral price in Earth : *_Y E E T_*
gold bullion in space !!!!
IS not about money. Is about resources. We need platinum to build fuel cells for cars. We need lithiu, we need milions of tons of this rare ore to keep ore civilisation going. How much does a glass a water worth in Europe ? But in the middle of Sahara Desert, alone on foot 50 km away of any man-made structure ??
By that time india china would have replaced usa as superpowers
Use a rocket To slow it down. Then lowered to the moon. (With rockets)
I Don't Know Why We Still Launch Rockets At Sea Level, When SpaceShipOne Can Bring It Up To 367,490 ft!
heart breaking, the pursuit of profit is destroying this planet and now we want to take our naive attitude to space
WET DREAMS, until we burn fuels to get to space, there is no way this will ever be a reality....fueling stations...lol had you fallen on your head....bwahaha,that was something I envisioned as 7-year-old...
S S S S Seven Hundred Quintillion... *Mr Krabs wants to know your location*
6:00 10-20 Thousand dollars per kilogram in space What? Was this recorded 10 years ago, before Falcon 9 re usable? Elon Musk estimated lower price ranges for BFR at 15-20 dollars per kilo at LEO. One thousand times less than that old guy is saying...
*Brings 10 tons of gold to Earth* The price drops 70%.
Thankfully parts of this had some practicality to it. Because there is simply way too much speculation about what might be when it comes to space. In particular the whole concept of mining in space is at time so ridiculous in estimates that it borders on mental illness. Anyone can say that a certain amount of gold, platinum or iron is worth $XYZ, but that is only achievable if you can deliver it to someone who wants it. The fantasy of 16 Psyche being worth so many quadrillion or pentillion dollars is stupid beyond belief. Even if we suddenly had the magic set of technologies that would allow us to go out, mine it and deliver it back it would bankrupt the entire world mining industry. I have a degree in aerospace and have worked in the Australian mining sector since 2005. I went into the mining industry at the time because of talk of going to the moon for Helium-3. While I have been involved in helping investors spend 10s of billions of dollars in new mines those investors want their money back and they will not be interested in a venture that makes all those assets valueless. But they have no fear because the reality of space mining is that it will be (with a few exceptions) only for an off world civilization. The practical aspect of replacing the terrestrial mining industry with an off world mining industry collapses when the logistics issue comes up. It is and will never really be practical to deliver the amount of raw iron that the human race consumes each day from off world. The exotics and rarer stuff maybe but not with current technology.
The gas giants shield us from many of them. As does the moon. We're rather fortunate in that way, it is uncommon to have such a large moon relative to our planet's size, and many solar systems have gas giants on the inner side, with terrestrial planets further away. We kind of hit the jackpot.
more fairy tales----------------------
Anyone failed to realize Elon Musk and Jeff Bezos are already racing for it?
Interested in mining bullshit of space rocks, I don't think the planet will even be habitable by 2050..
Trillions upon trillions.
ME!!!!!
Take the thinking of Elon Musk and to adopt a way of developing a company which does not go profits first but develops the process of finding skilled people and the ability to profits in the future, like Tesla and SpaceX
This will Never be realistic until rocket tech is out on the self and the tech that is used in all these ufo sightings is finally common knowledge. But certain people might not want this to happen bc then you will have everyone going into space.
I WISH I COULD BE A PART OF THIS!!!
can pocahontas tax the rich people in space too?
Soooooo they want to spend billions/trillions on mining water out in space instead of taking a fraction of that money clean up our oceans and seas and and change the laws that allow big companies to pollute waters on Earth.....SMH damn FOOLS!!!!!!
19:19 Who'd have ever thought a train could be driverless?... All the geniuses must be in Australia.
What happens if they strike gold on an asteroid?
I hope we dont mine the moon so much that its orbit changes...
I ,.
finally our civilization is ready to get into the next step! now space collonies might be possible by using resources we mined from the asteroids
Clearly Michael Bloomberg does which he is an eager anal slave for xi jinping
This has always been my dream career ever since i was really young. I cant exactly say what drove me to this at that time, but i know what keeps me dreaming about it.
Bloomberg is a fuckbag.
When gru stole the moon, he was the most richest man in history...
lets get back to the moon first...
This explains why Aliens in movies have so much gold they wear them as clothing
You missed the bit where the large Haul Pac trucks are driverless as well. The large mining trucks are actually manufactured here in Australia, believe it or not, some of them in Tasmania.
Because no Aircraft can lift a 1000 tonne rocket. The small rocket spaceship one lifts cannot even go orbital, takes about five times as much energy to go orbital as it does to get to space altitude.
@Eric Gribble i think we should pursue equal distribution of resources in a world that prioritise human happiness and a healthy environment over individual wealth. It is ludicrous that some spend billions to go to space whilst others are starving on earth
Shall we pursue poverty instead?
Who's playing Starcraft 2? The narrator is like the female guide narrator in starcraft 2...coincidence?
I need job ...
4:08 Best part.
I've been doing this for years!
When you see these "experts " estimating that an asteroid ☄️ is worth one trillion, 8 billion, etc., what their really saying is, .. " Hey, we don't care if we find enough gold out in space to put a bar in everyone's pocket and have leftovers, we're gonna keep sticking to the greed model of keeping prices artificially high and create even more wealth inequality "
I do . I have a plan
They better start paying engineers handsomely
the main flaw of these cited price calculations for asteroids is that it is based on current prices of our limited terrestrial supplies, i.e. "planet earth prices". the documentary picks that one up luckily. so putting price tags on these objects is a bit misleading. once you start mining extra-terrestrial resources, which are, as correctly stated in the documentary, virtually endless, then that will effect prices, as the supply suddenly can vastly outweigh demands, supply then will only be limited by the amount of mining activity/capacity. so supplies, (not at any given time of mining activity undertaken), will be unlimited, while the demand will always be limited, due to various factors. gigantic, potentially unlimited supplies on one side, vs. limited demands on the other, and we all should know what that means to prices.
Greed, greed, greed!! It don’t belong to you !! Get it through ur heads. Already the Earth In Many Ways is being Destroyed, In so many ways. And again, the Earth don’t belong to man!! Nor does land or water. You HAVE TOZ make it urself for It to belong to you!! You can’t even take care of the Earth! Now u wanna destroy all of space too?? None, and I mean NONE IF IT, BELONGS TO YOU IN THE FIRST PLACE!! Damn Greed. The People who wanna do this, Even here needs to be Wiped out!!
But isn't water vapour a stronger greenhouse gas than co2 is?
It's not the people who would be doing the mining who would be the trillionaires, it's the people would would be selling them stuff (like rides to space, fuel, oxygen, food) who would be the REAL moneymakers.
Musk is miles ahead of Bezos, considering blue origin has yet to get their rocket to orbit
@Alex Siemers we waste so much stuff that we should recycle, build so many pointless things that end up in the ocean, we improve technology that doesn't contribute to happiness. This attitude fuels our materialistic, consumerist destruction of this planet. people need affordable food and houses not cheap gadgets
Damiano Pignataro think about how many electronic devices are made each year, and what materials they use. Now consider how many could be made for cheaper with imported space materials
@Alex Siemers i think the companies that mine it will keep the wealth. why do we need more metals?
Damiano Pignataro if we bring back thousands of tons of metals to earth, their value will drop immensely, and there’ll be more available per person
As if the universe will care what we do to it
Until society collapses because nobody is working on basic necessities like food or water production.
Could we slam these asteroids into the moon, mine it there? The moom could become a industrial complex of asteroid mining and then construction of ships etc.
Help fight climate change? Big business and gov going to make sure "alledged climate change" is to be here forever now.....so keep paying the big players in the world. ...$$$$$$$ Suckers !
11:56 Make sure you install a waterwheel or something to change fuel types.
The female CEO who said bringing resources back to earth could collapse the cost was wrong. NO commodity pricing is based on its scarcity; none, zilch, nada. It's the cost of extraction, processing, labor, and profit margin. She should read "Wealth of Nations" by Adam Smith. It's been around for a couple hundred years, so she should be able to find a copy. Proof in this is the cost of sand for silicon vs oil. Sand for this purpose is over 25% of the earth's crust, and silica is almost 60%; not scarce. Oil makes up less than 1% of the earths crust as far as we know. Yet, oil is cheaper/ton than silicon sand, once its processed into a usable form. So, this $700 Quintilian asteroid has a cost to get it back to earth and make it useful. Prices would collapse only to the extent it is massively cheaper to bring this ore back to earth and have it processed here. If that ore is $1 more than earth ore/ton to get it back, the price would not collapse although gold etc would no longer be scarce. Some day we may have tech that makes it cheaper to get a ton of ore back to earth rather than mine it here, but not in our lifetimes.
After I watched the movie "life 2017" I think space exploration is not safe...wondering why everything around us is dead, no life at all.
any smart goverment would start to deflate the value of the currency to prevent inflation brought on by the new resources
Trillionaires already exist and their name is Rothschild.
"valuable metals like ... iron" HAHAHAHA what a fucking joke, its the least valuable of all you could have named.
"there are more stars in the sky then atom in the universe" mike tyson this guy is a fucking joke.
Party ouens kyk heeltemal te veel star trek
I’d say just hire Bruce Willis but he seems to only know how to blow them up
does "current market price" models not mean anything to you? I love it when armchair economists think they understand whats going on better than actual trained professionals no, not in the slightest does it mean what you are saying it means. its just a representation of value to help visualize and calculate profits if it where to be mined.
@Alex Siemers Bezos Style might be to just rollout that superhuge rocket and launch it sucessfully. He does not like the world to share in on whatever He does...
@cyberfrank 2010 I'm reporting your comment because of telling the bitter truth of our kind's future.
I have arachnid mining craft idea I'm certain would be extremely useful
3:18 Asteroid 16 Psyche... That astronomer that discovered that rock listens to Chelsea Wolfe... :) nice...
You could literally run a small country for a decade with a trillion dollars
Smart thing to keep prices up is to get a limited amount back to earth.
Gold value will dilute with asteroids, the first trillionaire will be a big bitcoin holder inshallah
We've never been to the moon . That's why we still talking about it ad the final frontier
Space mining? Nah...The human race is more interested in what the slut Kardashian family are up to...
Who wants to be President? LMAO
Hey on a real note yeah first trillionaire in history come see me. Doesnt REALLY matter what it is as long as its morally correct you got your man .
I think the first trilionai will be at a hyperinflathion
"Use it where it is" you guys are fucking dumb even if when you're scientist. By mining on earth we are destroying it already. Why not mine in space and save the environment? Whoever made the rule of whatever is where use it there is an idiot. They're just afraid of others pushing ahead of them that's why they made that rule
Great Quality of content!!
Imagine what we could achieve as a species if we were not shackled by dollars.
@Firesgone A few years one of the heirs died mysteriously and Mr.Rothschild immediately called all major media outlets, telling them NOT to report on it.
I'm always surprised that we hear so little about them.
You mean clouds?
Clayton Morris What's the issue if it's "worthless" if anything it makes life easier and better for its use in technology. We no longer use gold as a standard of measurement for the dollar. That system was thrown away with the FED. We use a fiat currency.
Just a little tip for Samsung or Google. They need to start space companies, cuz they have the money and electronics that can achieve this.
Dont you mean drillionere Hahahaha
This is false, if we do start to mine these asteroids the price and value of these materials will drop sugnificantly.
Can I apply?
Real life Space Engineers.
Why am I the only one who is thinking about supply/demand? More gold, lower prices. It's basic economics.
Something is totally messed up about this. We have had the technology to go to space for 40+ years and not one time some person has tried to mine a asteroid. Just mining one asteroid would make you richest and most powerful man alive and no one has even tried. I smell bullshit
Who are part of that mission will be destroying the earth someday
We never been to space Hollywood and NASA lies
Wouldn’t the inflation of resources bring the price of materials down?
Poverty is at a all time high. Yet, the wealthy wants to explore space. TRAGIC
Once we have trillionaires, our money will truly be worthless. Think about it, the total value of all our money split into trillions. And I guarantee you, the minimum wage for the working class still won't go up even a little bit. Billionaires will become trillionaires, and we will stay right where we are until the day we die
maybe lets start with somebody elses moon
the first person to blow up the moon is gonna be super famous
If it sells for trillions, who's gonna buy it? XD
I biomechnical suit made up of such bacteria which consume carbon dioxide and give water in byproduct. Gen Design such bacteria it will be cheaper them all this fuse,
@Bloomberg Is there a way to accure that thesis you are referencing to 5min 3sec into the video?
Lol!
Helium-3: am I a joke to you?
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ET doesn't want to show their faces? Well, we will show you ours! Space Marines on the making and galactic wars.
So after earth we will search in space another thing for us humans to destroy
What is the name of the paper??? in min 5:30
Bastard liars !
it would be wonderfull if we could violate laws of physics somehow
Don't Worry China has plans for it
@Mohammad Arshad I know but why?...and why's every planet we've discovered has no sign of life at all...
We are alone
And Even billion
so we cant colonise antarctica but we can colonise the moon
who wants to be a millionaire?, billionaire?, trilionair?, stess: yes? depression: more?
I know we no longer drop catch with airplanes anymore... but how bout with rockets. Send a few cowboy rockets out to lasso one of them pesky stray meteors yank it back to our pastures. Then send The dogs rockets up when they return to bite the ankles of the meteor if the cowboys can’t slow it down enough before it makes it to the corral and smashes up all the chicken’s. Then saddle up and go back for the rest. However I may suggest,lassoing gets a little tricky. You may start small then work your way up to the big meteors.
*Eddie Bravo has entered the chat
Re launch costs, you might want to move your decimal point a few places over to the left. Referring to payload delivery cost, "A Starship, based on Musk’s figures, would cost around $20,000 per TONNE."
I want to be a trillionaire
The difficulty may be in extraction of metals from the ore. On Earth, metals tend to be concentrated by heat and pressure and superheated water such that they form veins. On asteroids, the material may be all broken up. Time will tell.
@Bloomberg Is there a way to accure that thesis you are referencing to 5min 30sec into the video?
Because it isn't profitable yet, space travel has only recently been getting cheap enough to potentially make this viable, stop seeing a conspiracy where there isn't one.
That’s exactly what I was thinking, I don’t see the problem In that.
Poverty rates have been decreasing constantly for the last century. Don't lie asshole
This lady sounds like she’s about to tell me my base is under attack
Asteroid 1662 is the remnants of a death star
"Bringing in needed materials would drop those materials' value to zero, so we can't do it." Humanity has gone insane. We have to find a way past the Profit-Before-Progress mindset
I go and bring it all to earth, can’t find a buyer
Fantastic series - both entertaining, informing and inspiring. I'd love to see more of the kind!
We lived for 2000 years and look how far we got in 1 million years we will be WOW WOWOWOWOOWOW
Step One: Harvest Fuel in space close to earth Step Two: Use fuel to visit and harvest metal rich asteroids Step Three: Profit Step Four: Reinvest for exponential growth How to crash the global economy in four simple steps.
wouldn't the abundance of gold or rare metals crash the price making them worthless?
USA: When IPhones become a unit of measurement...
Calling it now, an asteroid is going to be mined and then put off orbit (or where ever it’s going) and is going to go to earth and kill us all. Just saying if that happens I’m a fucking wizard lol.
What if you extract hydrogen from space and bind with oxygen to create water? Kabooom....! Trillions $$$
@Scinary Not profitable yet are you stupid???? The asteroid named 16-Psyche estimated value is 10,000 quadrillion dollars and that's just 1 of the millions of asteroids in our system and your telling me some rich asshole or government is not willing to send people to one. Hilarious and before you say the risk of death is to severe for anyone to risk just think we send 5 year old's to die in mines for couple hundred dollars of precious metals and minerals.
I miss you man :(
seems like a credit card purchase
Image what we can do if we are all under one nationality
Useful would be a better word.
My Fellow Earthlings Look at the Moon there is a house shape at the north pole part
U are using millions of dollars to get glass of water
What's with all the Space Shuttle footage? The Space Shuttles were decommissioned nearly 10 years ago.
even with todays technology, if it costs 150m to launch a satellite with a 40k lb payload, and gold is worth 1,500 per oz if we could return that payload for less than 800 million we would be profitable on a single trip. Not to mention all we would learn. You could coventure with other industries to bring down the cost. Imagine how much cheaper that will be in the future. And even if rare metals wereless rare, wouldnt that help develop new technology?
Again wrong calculation, if everyone get 1 ton of gold the price of gold will plummet so low that you need 1kg of gold to purchase 1 hot dog
Elon Musk. am i a joke to you
and just think how much is still on earth yet to be mined... lets mine it all!
Are you telling me its easier to teach astronauts how to drill than it is to teach drillers how to be astronauts???? i dont know man...
Space Engineers. Anyone?
Trump and his space force Bigly lol
THAT is why Stop and Frisk is running for potus and commander of the 'Space force'. We fucked up the world so let's fuck up space.
just find a space rock with fossil fuel in it. usa will be there in a week waging war on alien terrorists
These people are stupid like the Rest of this fuckin planet... why do we need expensiv minerals in earth? Maybe to fucking get more resources instead of Money.. who cares about Money? Its not worth anything, Gold is needed to make circuits or other Things that are more then paper with a number on it .. if People are to stupid to See such Things, i want to leave Earth like elon musk Plans to do for the same reasons ..
Sooo, the expanse was right? Damn, thats not really the future i want
Guess what happens when you bring thousand of tons of gold to earth? Yeah, value drops.
what
@Kelvin Wood and if he loses? does he take risks?
HERO OF THE RIVER CONCLUDES THAT as we can see an actual structure now
11:32 To the Mun? :P
Trillionaires already exist in the country of Zimbabwe
FULL METAL ALCHEMIST MOTHA FUCKAAAAAS
HAYABUSSA MOTHA FUCKAAAAAS
@Krispeer I do not count da bible
wtf humans didn't live for 2000 years it's way more then that
They literally talk about that in the video
Direct Strike you’d have to send up hundreds of tons of material to make the infrastructure to mine the asteroid, and then send it to the asteroid, mine it (assuming nothing malfunctions in the process), and then return it to earth.
Literally mister burns level of money and evilness
Nice drill no for real
One of the things that seem to have been consistently ignored by scientists is the Moon, and I think that that is still happening with respect to the things that are there. The moon has craters all over it, and it has to be a literal gold mine for science, because each crater represents one unique object from space, an asteroid, a comet, all kinds of things that originated from all over the solar system and even farther . . . . meanwhile the full thrust seems to be dreaming of going all the way out to the asteroid belt, harvesting water and transporting it back . . . . all the while, there are loads of this kind of material on the Moon. Mining for materials would be easier on the Moon too, due to the presence of something the asteroids do not have . . . gravity. The Moon also would allow for underground habitats for workers, using lava tubes sealed off and pressurized with breathable air, piped in sunlight. The advantages are obvious.
Would there be any concerns as to what type energy is being presently conducted through these metals they plan to bring back to earth.
There is no Space. These are fairy tails to collect tax $
They are on my phone and in my head so they know everything but still mess with me FUCK then chicken shits
Just smile at them and show my teeth lmao
If you u believe me my mind is under attack it's been attacked for a long time and they are mad because I dont listen to them and it makes them mad
Ok wait ,when I was a little kid my teachers told me that asteroids could be entirely of diamond and gold and the first thing I thought was that I wanted to mine it and be rich ,technically I thought of this before most people thought of it
what if we just switched the US' military budget to NASA and NASA could spend money helping other start up companies like honey bee robotics and therefore make the space industry take a massive "liftoff"
Bringing Gold and other precious metals back to earth would devalue the ones here. So what? Now everything and everyone can have access to something that can be of use. Better and stronger technology, cleaner energy sources, more advancements and use of technology, the result is priceless. So get over the monetary control and wanted to be the elite of the elite. If we are going to be a space fairing world, we have to do it together, ideological and personal differences aside, else we run the risk of self destruction.
If we can start getting people to live in space. Then humans are going to expand from our tiny little plant to the hole galaxy. Let's take over the universe fellow humans!
If you brought that much gold back the value of it will sink due to over supply so would you really be a trillionaire
My brother told me about this yeeeeaars ago lol I laughed but now look
First try to automate mining on earth and then we'll see :D :D :D
Jay Jason We have taken Objective Butter
using the resources for creating space infrastructure will bring the money in.
What is the purpose of trillions if your stomach needs only a cup of rice, a liter of water, a piece of fish, and your life is too short. To satisfy the trillions you have to lived 3,000 years old.
Pure stupidity. If you can't go into space how are you going to mine in space.
No one: Literally no one: 99% comments: ang huling mag like nito suswertehin
Just leave the space alone!!!!
Yeah, another video to encourage the incentive of paper nothingness (money) and ignore the side effects of having tons of metal man-made waste adding to the countless issues we already have to solve on the ground. Reflect on the consequences BEFORE jumping on the thrill of having financial wealth (which is going to be nearly useless in a few decades anyways) First, clean up 100% of the junk we’ve put in space and only then consider mining anything, and only if it means leaving no waste in the process and not overutilizing resources of he earth for it.
Humans have just explored 5% of the Earth's ocean, and yet they're targeting and planning to mine asteroids and the moon? I smell bullshit it's not feasible imho.
NASA is very stupid for a bunch of people who seem to be smart. They cry because of poor funding, but all they have to do is tell the US goverment they found oil in some asteroid and voilla !! they will get all the huge funding specially rezerved for invading a country to put an american flag on that asteroid. When arabs will call white house for guns they will recieve : please leave a message, currently not available !!
This is the best video I have seen in a long time. Thank you for sharing.
If you flood any Market with Supply, the value of that product will plummet.
Scarcity is the biggest key to Value. Therefore, if we had 10 trillion pounds of gold suddenly brought into the world economy, gold prices would plummet.
5:32, pls reference the paper !
imagine thinking your patents apply in space...
why are they acting like the value dropping of rare metal is a bad thing, the only consequence is the monopoly is broken
It is ecomonically feasable to redirect a mineral rich asteroid to impact the planet enlieu of exhorbitantly expensive space mining missions. I honestly support the economics of such redirection agenda and hold no ill feeling towards those whom accomplish it.
fusion energy and the unlimited resourses out in astriods and other plants will be 2 things that will no doubt send us to infintiy and beyond
this is basically the precursor of Dead Space
999t 666
909
Rist
I'm Allah I'm that DNA results come give me my money back and I will drop definitely deserve it death on the nubeiver
ALL THIS CGI COMPUTER GRAPHICS ARE SO CONVINCING, NASA COME HERE LET ME GIVE YOU MORE OF MY TAX MONEY
!!!SPOILER ALERT!!! EARTH IS FLAT SPACE IS FAKE YOU ARE AN IDIOT
Do you guys know about the earth being flat with a dome? Did you know this is impossible and never going to happen? Did you know that while you look up and can't even see straight they go outward and take over the land and resources while locking you into controlled cities. Dumb shits.
who will buy
Wow. Such a millions in asteroids. But. Im contented here in earth. Thanks for d info
Space mining: *exist Asteroids: why do i hear boss music ?
Um, yeah, um, BS!
Don't think the aliens will be to happy about this.
You want to become a TRILLIONAIRE? Here is how, file a lawsuit againts NASA and its many years of fraud and theft.
Just let the rock crash in the sea and then mine
There will need to be refining facilities available - which are also off-planet. Once you realize how much needs to be built off-planet you'll begin to realize that working-class people will be off-planet! Imagine this scenario - in 150 years mostly rich citizens will remain on-planet !
the matriarchy will not survive in space this is all fantasy.
We can see more than a meter in any direction in space.
its nothing new...
Precious metals will be worthless!
But what if a was space mieing on earth cus we are in space anyway
the title should be "who is the trillionaire?" who is the seller?
...But the most valuable resource in space may be something that's abundant back on the ground...slavery! Slavery is the next great energy resource! It only costs a bucket of bT GMO maize to harness 3 or 4 human-power every day to get from Point A to Point B. Anyway who thinks asteroid mining is $-feasible should ask for their CC tuition refund.
Time to put my brain to work and build a real space ship not just a dumb rocket
Michael Bloomberg should never be a president!!!
U guys will mess around and bring germs the size of cats to earth
We need to make billionaires extinct before they make us all go extinct.
This is what elon musk's true plans are
Space hotel is a nonsense, when we have a climate crisis and one billion people not having enough food. When even US can't properly recycle its waste to extract dozens of elements eg gold, silver etc from electronic waste - going to space for mining is juste a fairy tale of space industry. I was reading about space mining in the 1980s, colonies on Mars.... it's an old way of hiding REAL problems on Earth and juste another topic for speculation for journos... as they did with space colonisation and nuclear fusion since the 1960s.
Sounds like space needs a whole lot of freedom (Eagle noise)
Hydrogen fuel ⛽️ in space will be obsolete once we start mining ⛏ space minerals so please get with the plan.
I have designed a way to harvest astroids floating in space that have the mineral deposits rich enough for harvest, all I need is a rich dreamer who is willing to step out of the box
@Alex Siemers If they want to extract space minerals then, humans have to figure out how to evade multiple layers of radiations for the humans to work safely into space. I don't think it would happen in our lifetime tho.
Command & Conquer
Jaimie Bailey exactly So basically screw sharing it with the people to make all life easier They can’t have that
My thought was exactly that
why not redirecting asteroid trajectory and aim it to the earth?
Waiting for the next 10p years for a star destroyer
So you telling me if I bring back a rock from up in the sky I can be a trillionaire? MOM!!! I NEED THE KEYS TO THE TRUCK AND A LARGE ROPE!!
Propaganda
WTF... where do I even begin???
I got some
I got metal and rock asteroid
Idk, it looked pretty hard in the movie Armageddon.
Just listen to Tesla man come on
Haegemonia fan here
Niel degrass Tyson mentions it: I guess ive lost interest in this video
You do know the effects of a asteroid striking Earth? One asteroid wiped out the dinosaurs. It would cause havoc
Let's not have abundance of anything, because the value would drop. Better have scarcity and exploit the world! Yay capitalism
noticed a hot blonde driving a caterpillar earth mover 19:00 dont bring back xenomorph . unless the xenomorph came to me and hand me a trillion tonnes of diamonds . i'll then tell the xenomorph to eat a few brute fascists to eradicate sodomy & power hungry gun wielding people .
It would be better to spray it down with heat shielding and launch it to a point in the desert to then mine it.
They say that it would be economicaly inconvenient to bring asteroid minerals to earth because that could devalue the minerals here on earth if there is an overabundance of said minerals. But they forget, or chose not to mention the fact that we need to stop extracting minerals on earth. Mining is the most contaminating industry on earth, mining destroys ecosystems and kicks out native communities from their land. Mining is bad for preserving beautifull nature and clean waters on earth. We desperarely need to ditch earth-mining and to get all ahead with space mining to bring minerals to earth so we do not destroy earth anymore. Fucking money people are always avoiding the sustainability isues.
You absolutely right, they just don't want to bring them here, due to the fact that, they won't be making as much money as they would if they just held it for them selves. At that point, it would just be improving humanity, and those companies don't wanna help humanity, they just wanna make money.
Did he just use a Ps4 controller to control the space driller
Well. At least Africa and the Middle East will be left in peace when this technology viable. Hopefully within this life time ...
It's the usual trend in the space business startups is to become a millionaire, one starts out as a billionaire! Never the less, to make millions in the astroid mining business, one has to invest billions! In short, it will cost more to mine asteroids than one can mine on earth!
"But mining also comes with an increasingly critical environmental cost, one that may require us to think about off-planet solutions" *Screech of financiers for profit intensifies*
Fuck I don't have an dollar why I am excited!!
This is the worst possible thing to happen, imagine having these twats in space hotels, would make Basil Fawlty's in Torquay look decent. "Here is the crack lounge, be in the room by 9pm or we can't guarantee your safety. P.s. if you parked your ship in the wrong slot we are fining you 1500 credits". It's just unchecked capitalism but on Walter White's private reserve.
7:10 that's not Europe, that's India's ISRO.
Hydrogen-Oxygen fuel is the best source of fuel we have (ignoring Xenon thrusters due to the element’s rarity), so I don’t see it going obsolete any time soon.
Oml that was atrocious
If u do research there's a souderabien prince(I know the spelling is wrong) who has 1.4 trillion he just dosen't have to disclose his wealth because he doesn't own any corporations or major company's and this family has had this money for a long time they haven't recently come in to it, crazy
The only people can do space mining is already a billionaire or trillionaire.. not how to "become" one in the first place
False, because earth is flat
Space tether...
Curiosity has gone insane...It is and it will always be A Suicide Mission...''A Mission To The Moon Is Like A Mission To The Sun.''
When Musk sticks up his global network of thousands of Communication satellites and one goes out of control hits another one causing a catastrophic domino effect and turns lower orbit into a floating junk yard we will all be stuck on this rock forever.
mining asteroids in the asteroid belt will be useful for mars colonies.
Make a giant humidifier, then use radiation to ignite water as fuel. I don't know anything, js. Your flux capacitor is broken.
Will there be a day when the gravity itself will harness energy from bringing medium sized astroids in our gravitational zone and applying their weight or kinetic energy in their descent towards earth
i wants to be a trillionaire so i can has bread in zimbabwe
Ironic how the moon has gravity just like us lol
Now that is something that can benefit the human race. Something AI and me can do as a job with the futuristic suit infinite ♾ Technology
Fucking human. Fucking up the earth is just not enough, you have to go and fuck up the universe.
Lol don’t have to be broke Siri help me get rich
CHINA IS GOING TO THE FAR SIDE OF THE MOON TO MINE HELIUM-3 FOR NUCLEAR FUSION.
“Seven hundred quintillion dollar”
US must bring democracy to the asteroids
better dead than red
Remove the mass from an asteroid and what happens to it?, We are not satisfied with mining the resources of the planet earth to oblivion, maybe it's time to stop buying crap we don't need!
"The First Trillionaires will be those who mine asteroids" *Saudis laughing in the background*
when will it ever be enough why you need to be trillioneire
Space mining can also be extremely dangerous
SPACEX would transport and park in Earth orbit fuel hydrogen made from water from the MOON using solar power which is much more efficient than making it on the Earth and using much more energy to boost it to Earth orbit
Spacex says its much more inexpensive to gas up starships in earth orbit and safer
Additional spin offs are medical and EARTH global pollution abatement systems
I preferred cryptocurrency mining.
If you want to go to the moon, you need the CIA's 'black' budget and Kubrick's direction.
Beltalowda!
im buying an asteroid
Why mining non-renewable water for fuel instead of nuclear power as fuel which is sustainable.
Because ejecting radioactive exhaust is a bad idea.
Reminds me of the movie Avatar.
Space Engineers! Here i come
hes actually the stupidest asian who ever lived
all this will seem so simple in 20 years !
At least the universe won’t care
You have a better chance of selling air
Greed is a disease, can someone kill these people before it spreads to the future.
dont see how making people braindead whit modern teachnology helps the gian leap but ok
WHO is writing these business plans? Sounds like they are having a jolly time predicting 2B-100T revenues. But we all know how Venture Capitalism works: Sell the dream, Bank the cash and Never deliver.
This will only led to war
They are going to blow this planet up and those trillions of dollars won’t mean nothing when we’re all dead they’re already destroying the earth now the moon people are so smart and stupid at the same time
Mining asteroids or comets can move to improving recycling and building products.
I believe our future can change if we move past unreasonable fear.
I would love to participate in this venture.
Weyland corporation
what you mean you mean earth is only worth trillions
Americans manage to land on the Moon from the first try... a long time ago, is it something weird?
This open new opportunities for a space money laundry company and intergalactic tax evation, want to do a audit? Come to the dark side of the moon motherfacker hehe.
We better start mining before the climate changes or it will all be moot.
When we start mining in space, can we at least share the resources and work together to achieve great things
now i understand why Bezos and all are targeting space rather than anything else ....
"We have a problems of resource depletion. So let's find them in space though we can't bring them back because the cost of transportation is too high." That's a loophole, isn't it? "If we brought those resources back their cost would reach zero" That's a double loophole!
Intentionally control crash asteroids resources to earth location
Sell your gold idiots
Absolute ballocks
19:01 props to the woman who is driving that big ass piece of machinery, and they say women can’t drive. Lol
BUT KEEP IN MIND THAT MANY OF THE SPACE VENTURES THROUGHOUT HISTORY ARE MOSTLY ONE-WAY VENTURES BECAUSE THEY DON'T "RETURN"
WE NEED TO BECOME TRILLIONAiRES IN ORDER TO HELP ADVANCE THE STEALLIONAIReS into becoming real villianaires to rule spaceverywhere. shhhhshhh...................
HAAHHAHAHAHAHHAHHAHA........ HOW CLEVER CAN OUR KIND GET. LIVE BY THE MONEY DIE BY THE A PENNY.
Lets not ponder too much bcause I truly believe this is possible because the oil supply we are destroying our planet with now is evidential of the power harnesting power of gravity.
If we would have gone to the moon and researched more and evolved going to the moon by now we would have had a moon station in space and this reality would have been made possible. But noo we haven't gone to the moon sin the 70s
We cannot even go to the moon and they want to land on an asteroid
18:59 is that a woman driving? 18:59 18:59 18:59 18:59
3:04 HOW YOU DARE? If its cheap mining in space to get gold or platinum the market talk. Like manufacturing in China and get it back(a lot of km o transit) to Europe or USA.
4:06 ther you have. Oert and Demand. You cant say you can bring raw materials rom space to drop price in Earth. When it drop to much just hold it or maybe sell direct it for space construction. woithout get it down on Earth. But first drop the price. i need wires of gold.(because look better and are more conductivity.
We need "Star Truckin" this group should approach NASA or do a FundMe.
19:00 Blonde Truck driver
Asteroid in space worth 700 quadrillion dollars Me: does anyone have a ladder
Let's be honest, if someone overthrows the mineral or/and precious metal market that materials value will decrease repaidy reducing its value extremely. Of course this is after we obtain a method of mining and shipping these materials from earth to the desired location and back to earth. I wounder, what would the cost be to obtain the technology to effectively and efficiently mine these asteroids and bring them back to earth? And if it would be actually worth it?
As if they haven't ruined earth already now they want to destroy the moon
It would be a great mistake to give private companies to much controll over this.
who wants to not give a fuck about the cardinal sins greed lust gluttony
Superb
That's science fiction
Why isn’t the cost updated after potential value drops? Ie 700 quintillion to what?
Awesome!
Social justice warriors will stop you for polluting the universe
that title sounds like the name for a game show...
2:30 What are those suits and why are they wearing them? They seem to be more qeared towards personal protection, than keeping the sample clean. Maybe it is lead-padding against ionizing radiation.
Let’s start robbing space
high school teacher: so, kids, what you wanna be when you're an adult. Trump: A wanna be the rich and president Teacher: sure kid, then stop cheating. next kid Elon Musk: I wanna be a billionaire to configure a mining facility on all planets of our solar system, than become trillionaire to fly cities to other universes. Teacher: my kids really have issues. Me: don't let school interfere with your education
*quintillion
just have the aliens deliver some? duhhh
The price per kilo is no longer $20,000. It's $200
Just Imagine being Trill Gates
Let's do it, Beltalowda.
wonder what would happen if mining would offset the pull of all the rocks out there and caused a cluster f***.
Actually the price per kg is cheaper because of SpaceX.
That's why i disagreed with Gold Investments.
You can go FUCK your goddamn self!
You better start paying some taxes then Luke Skywalker!
Your to goddamn stupid to survive in space! Look at the government you got now!
I should be against the law to even let a human being out of earths atmosphere!
You already seen what the gold rush did to California! Now you want to go FUCK up SPACE!
Inner is best than space.learn from ants.foolish human.and without T.
i see nothing but cgi/assumptions. "we believe ateroids have those minerals" "we spent 250 mil to collect dust" talk about a fairytail in a lala land
Wouldn't the price drop if supply exceeds demand?
8:04 "Bloomberg has no idea how orbits work" animation
It'll all be done by AI and robots.
I am sorry if this sounds like a silly question, but wouldn't producing hydrogen In-Citu on the moon require fuel to begin with? So, in practice, we're burning fuel to produce Hydrogen? Or, have I missed a detail here? Is some other tech being deployed for industrially producing hydrogen in a much more cost-effective manner? And, if so, why are we not doing that on earth? To me, that's a bigger question. Because, we have a crap tonne of water right here. The demands of fuel we have in all our space programs combined still is no match for what we need here. Don't get me wrong, I do want a sustainable method in place for all life on Earth and beyond, but if we're going to spill money into creating and sustaining life in space, we better ensure that it's being used to create a safer today for the world we live in RIGHT NOW. And, my questions are genuinely out of curiosity, and not a rhetoric instrument to make my own point. So, I'd appreciate if someone could answer them for me. Thanks a lot for reading! :)
Why no one mentioned about spacex....?
Belters!
this is worthless we will never make it to space its just dream
lol supply and demand 101 means those values are BS
You have to spend a Trillion to make Trillion.
All this tech and money, yet 9 million people die of hunger every year.
spance mine? no space ours
Easy way to become a trillionare is to go to Zimbabwe
ME
Umm what happens when you run out of water on the moon...
15:42 the soyuz space station
imagine if we worked together as human beings where earth would be today
Me pick me
logical and well explained
Scary Stuff. I hope our future is focused on our planet. Raping our Planet and then others does not seem intelligent. We need to stop hurting ours before we look to do the same to others.
Just bring milk with you
Now I hope an asteroid that is small hits towards me so I can’t hit it with my iron pickaxe.
Just don’t mine at night
This is not ambition. This is the future for all of humanity. Loved watching every second of this series; too bad its only 4 episodes.
That's the trillion dollar question.
Why would the price skyrocket? High supply = low price seems way too simplistic of a view and deduction. We don't live in a perfect simulation where somehow things get adjusted that way. If one company gets a hold of that massive supply of resources, they will sell it at a profitable price. If the price drops too much they will simply not offer any lower. If a bunch if not all the mining companies form a union or say a conglomeration they can agree with each other what price to set. The fact that they will have a massive supply won't change that as you can keep metals for eternity and sell them when the need is high enough. We literally use gold because of that. Furthermore it's not about money or currency. If access to those resources gets developed, that would be a massive boost to all economies. There could be literally limitless supply of raw materials. That could allow for more massive and ambitious projects both terrestrial and extraterrestrial.
Earth, Mars and Asteroids, it reminds me "The Expanse". Mining some resources and take them to Mars colony sounds more reasonable than bringing them to Earth
"we believe" translates to "we used various em frequency ranges and spectrum analysis to determine the composition of the asteroid based on data we have of those same minerals on earth". it's less of an assumption, more of a deduction. then again, i guess we technically can't be sure until we get a sample.
I new there was aliens
After stealing from people pockets big giant companies now stealing from the space
please DO NOT CRACK and mine the moon, If the moon splits, it would have repercussions on tides and day and night cycles.
Space force does
I Want to be a Trillionaire but I need a Rocket.
Black market space metals
How do they no it's made of metals if they haven't even probed
The first trillionaires will be cryptocurrency investors.
Im sorry but can some tell me where longboards be the most famous
The script for the new Bond film keep it covered
I hope aliens grant me some technology to get it first.
@Please dont shoot officer, i have a wife and kids! were did i say it was facts? we will never be able to life in the universe like we do on earth. thats my apinion. we cant prove it. we will be both dead by the time they make the first toilet on mars
Mohamed Musse Then why are you treating your opinion as though it is completely true?
@Please dont shoot officer, i have a wife and kids! just my apinion
Any sources on that?
????
It seems difficult to estimate how much something depreciates by when its currently worth ~100,000x the current world's GDP
Imagine what will happen to gold prices once they have access to literally endless gold.
This what that guy from the year 2075 was talkin about
I wonder what moon water tastes like? Cheese?
Who Thought that this is possible before watching this Video :D
Oye Beltawalla!
The first trillionaire will come from the Crypto economy. Come back to this comment in 2030, 2035, 2040.
hahahaha so men walked the moon so many years ago but in 2019 you guys cant even land a ship on the moon, i think mankind made a giant step backwards
I'm also focusing on the Moon....with my telescope ;)
wont be long before we have wars out there, just like in the expanse tv series
All this is scam ... GOVT parasites LEGALIZED STEALING !!! My opinion.
Water in space is "heavy water", radioactive-saturated and unable to be used for consumption. It is like drinking waste water from a nuclear power plant. lol. Water water everywhere and not a drop to drink. That is why we take fresh, non-radioactive water up in the space shuttle, which eventually becomes radioactive, in time, forcing them to need to return back to Earth, for non-radioactive water. (H2O)3=Death = What we bury in bunkers {What happens to water after it comes in contact with radioactive material} (H2O)2=Life = What we drink {The majority of water on Earth, at the moment.} (H2O)1=Death = What we are now polluting the Earth with, by "green cars". {What comes from hydrogen engines and generators} All water is not created equally!
One thing EVERYONE overlooks, is the fact that all this stuff is highly radioactive out in space. It is less radioactive here, on Earth, because of the magnetic shielding that the Earth provides. Out in space, there are no large magnetic radioactive deflectors and the minerals mixed in the asteroids is ALL radioactive. (Thus why all chunks that land on Earth, are also all radioactive and easy to find with a Geiger-counter.)
Anyone played the game Red Faction? Lilkly to happen in real life.
Thanks for the informative video :)
fusion reactors coming soon. so no one will need to gas or water
Space mining: EVE has warped into the chat.
No doubt if the world didn't have power hungry dictator fuckheads, the money dealing with those assholes could have gone to much better pursuits. Also, if religion didn't exist, the world be far more advanced as well. Religion held people back for centuries.
Trampoline*
A.I robotics will figure this out
Such a well made video.
This is all banking on the fact that Humans will be able to be in space for long periods of time. A lofty idea.
Any of these companies have shares available?
In the end moon have holes like a cheese in Tom and Jerry
It's never going to happen because it can't. But we'll have companies forming to get people to invest in it, then years later tell the public that it can't do it (for whatever reason) and then disappear.
I disagree with the notion that an influx in minerals/metals will devalue them. Look at diamonds, we still have artificially overpriced non rare mineral.
These are the same beam weapons they use against humans. Love how they say it rips the valuable minerals out.
Why none of Space Agency such Japan, India, China and etc, mention about flying Space Turtle? Ask any flatters, they tell you about the dammed turtle.
I dont wanna be super richest guy i just wanna you you my product
Get a hammer and chisel too while you are at it.
i would love a job being a space miner can anyone tell me how and where to apply for a job please
I never realized that optical mining was a thing already. I'm a bit disappointed though, as that was something I thought of in highschool lol.
Me: tries to bring 10000000000000 tons of gold from space World economy: so gold is useless now Me: suprised Pikachu face despite basic understanding of inflation
@BattleFist Lockheed Martin announced that they managed to make the fusion reactor. it fits in a truck. so they can use it in a space ship. only a bucket ocean water would be enough to run it for a year. no gas no hydrogen or water anymore
What do u mean? Can u explain more?
Very interesting documentary!