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OfflineBeanhead
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Space Resource Exploration and Utilization Act. The potential $100 Trillion market for Space Mining.
    #21920556 - 07/09/15 03:41 PM (8 years, 6 months ago)

Link to Space act.
The Potential $100 Trillion Market For Space Mining

Congratulations to both Planetary Resources & Deep Space Industries

Fingers crossed for Space resource exploration and utilization. THE GREATEST ENDEAVOR OF TODAY :smile:

(1)Space resource
The term space resource means a natural resource of any kind found in situ in outer space.

(2)Asteroid resource
The term asteroid resource means a space resource found on or within a single asteroid.

I quote these with some questions:

(4)United States commercial space resource utilization entity
The term United States commercial space resource utilization entity means an entity providing space resource exploration or utilization services, the control of which is held by persons other than a Federal, State, local, or foreign government, and that is—
(A)duly organized under the laws of a State;
(B)subject to the subject matter and personal jurisdiction of the courts of the United States; or
(C)a foreign entity that has voluntarily submitted to the subject matter and personal jurisdiction of the courts of the United States.


A) Does this mean a company must obey all laws?
C) + (3)
promote the right of United States commercial entities to explore outer space and utilize space resources, in accordance with the existing international obligations of the United States, free from harmful interference, and to transfer or sell such resources.

Do these two statements combined mean: Yes you can work as a foreign company under American jurisdiction but all work done in space (as in the mining of Space / Asteroid resources) is to be brought back to USA. I guess that opens a lot of doors for innovative companies which is good. I guess the loot is fair tradeoff
i'll take the "free from harmful interference" with some salt :lol:

Because
)Property rights
Any asteroid resources obtained in outer space are the property of the entity that obtained such resources, which shall be entitled to all property rights thereto, consistent with applicable provisions of Federal law and existing international obligations.

Does make it seem like everyone is allowed to make a profit.

A United States commercial space resource utilization entity may bring a civil action for appropriate legal or equitable relief, or both, under this chapter for any action by another entity subject to United States jurisdiction causing harmful interference to its operations with respect to an asteroid resource utilization activity in outer space.

And rightfully so. Agree / Disagree?

(1)facilitate the commercial exploration and utilization of space resources to meet national needs
Most badass statement ever:cool:

"With water focused asteroid mining, the return trip isn’t an issue because you want to keep the water in space. The idea with this strategy is to convert that water into rocket fuel and oxygen. By doing this one could develop interplanetary stops where traveling spacecraft fuel up and go farther into the solar system. Like rare metal focused mining, identifying the right asteroid with a sufficient amount of this valuable resource is critical."

I've pondered very much on this question so I am happy to see it's coming to reality. It may not be the most efficient method but it's definetly a great start to start... A network in space  :kaneclap:

"Getting to the point of actually mining an asteroid is going to take over a decade. Lewicki has said, “We’re the first to admit this is a long term endeavor.”
A reality I had always imagined, building towards a sustainable future can never be started early enough. Now rerout the military budget already.

I just hope they get lucky and hit a huge asteroid-prospect so the American Government can't deny the endless trillions in space.
Not the safest bet but I think that's mostly because NASA is underfunded.

I'm not sure which laws hold back space explorization / mining either I just think it's a money issue. Betting on cannabis is easier :tongue:

Humans have successfully rendezvous robotic probes onto the surface of asteroids or comets only three times before (Japan’s Hayabusa mission, NASA’s NEAR-Shoemaker mission, Europe’s Rosetta Mission), and never to mine them. An asteroid rendezvous is technologically tricky for a number of reasons. Asteroids spin and they orbit the sun at thousands of miles per hour. They’re also relatively small in mass and won’t provide enough gravitational force to hold a spacecraft securely to its surface. Successfully rendezvousing and securing the spacecraft will be challenging enough without the additional requirement of mining, and processing materials in space.
:patriot:  AMERICA, Go where no man has gone before :patriot:


Edited by Beanhead (07/09/15 03:48 PM)


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InvisibleShins
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Re: Space Resource Exploration and Utilization Act. The potential $100 Trillion market for Space Mining. [Re: Beanhead]
    #21920955 - 07/09/15 05:23 PM (8 years, 6 months ago)

If I were a space mining company I would now be looking at other countries to base my business who do not pigeon hole you like this legislation now does.


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InvisibleStonehenge
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Re: Space Resource Exploration and Utilization Act. The potential $100 Trillion market for Space Mining. [Re: Shins]
    #21921112 - 07/09/15 05:59 PM (8 years, 6 months ago)

"With water focused asteroid mining, the return trip isn’t an issue because you want to keep the water in space. The idea with this strategy is to convert that water into rocket fuel and oxygen. By doing this one could develop interplanetary stops where traveling spacecraft fuel up and go farther into the solar system..."

Water is not fuel. It takes as much or more energy to break it into h and o as you get out of it when used. Nuclear powered engines will be much more efficient in space.

Any minerals mined in space will face huge costs in launching the endeavor, pulling out the minerals and in the return. Its highly unlikely this will be cost effective until major breakthroughs are made and it won't be in 10 years, it will be much longer.

Why go into space when we have the ocean floor to explore?


--------------------
“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835)

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OfflineBeanhead
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Re: Space Resource Exploration and Utilization Act. The potential $100 Trillion market for Space Mining. [Re: Shins]
    #21921159 - 07/09/15 06:10 PM (8 years, 6 months ago)

The earth is drying out of resources, we've drilled miles upon miles, not sure we'll find much at the bottom of the ocean which we can't find underground or in space. Raw resources as in metals and gasses.

Quote:

Shins said:
If I were a space mining company I would now be looking at other countries to base my business who do not pigeon hole you like this legislation now does.




But NASA leads space research & engineering.
Followed by Russia, I guess.
Europe is a joke.

Unless you're keen on tax evasion (something which can't be done due to those clausules) i'm not seeing benefit from basing your company elsewhere. International treaty would be cooler though but that'd mean the government would have to pay, now a company does it and takes the fall if it fails.

And there will be many failures.


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InvisibleStonehenge
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Re: Space Resource Exploration and Utilization Act. The potential $100 Trillion market for Space Mining. [Re: Beanhead]
    #21921253 - 07/09/15 06:35 PM (8 years, 6 months ago)

Its a hella lot cheaper to mine the ocean than outer space. Like 100x cheaper.

http://worldoceanreview.com/en/comments/feed/wor-1/energy/marine-minerals/

The oceans hold a veritable treasure trove of valuable resources. Sand and gravel, oil and gas have been extracted from the sea for many years. In addition, minerals transported by erosion from the continents to the coastal areas are mined from the shallow shelf and beach areas. These include diamonds off the coasts of South Africa and Namibia as well as deposits of tin, titanium and gold along the shores of Africa, Asia and South America.
Efforts to expand ocean mining into deep-sea waters have recently begun. The major focus is on mangane­se nodules, which are usually located at depths below 4000 metres, gas hydrates (located between 350 and 5000 metres), and cobalt crusts along the flanks of undersea mountain ranges (between 1000 and 3000 metres), as well as massive sulphides and the sulphide muds that form in areas of volcanic activity near the plate boundaries, at depths of 500 to 4000 metres.


--------------------
“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835)

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Offlinepsyconaught
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Re: Space Resource Exploration and Utilization Act. The potential $100 Trillion market for Space Mining. [Re: Beanhead]
    #21921274 - 07/09/15 06:40 PM (8 years, 6 months ago)

Quote:

Why go into space when we have the ocean floor to explore?



because the amount of resources we could harvest in space is astronomical (pun not intended). Heres a pretty decent overview/discussion on the subject


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InvisibleStonehenge
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Re: Space Resource Exploration and Utilization Act. The potential $100 Trillion market for Space Mining. [Re: psyconaught] * 1
    #21921358 - 07/09/15 07:02 PM (8 years, 6 months ago)

Do you have any idea how expensive it is to launch a rocket into space? It costs millions to go to the moon or asteroid belt. To bring something back is equally expensive. It doesn't matter if there are tons of cobalt ore just waiting to be scooped up, it costs more to bring back than its worth.


--------------------
“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835)

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Offlinepsyconaught
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Re: Space Resource Exploration and Utilization Act. The potential $100 Trillion market for Space Mining. [Re: Stonehenge]
    #21921370 - 07/09/15 07:03 PM (8 years, 6 months ago)

part of the reason its beneficial to mine asteroids is because you don't have to bring them back. It currently costs around $10,000 a pound to bring materials to space, so mining and processing recourses for missions/stations in space has the potential to be very cost effective.


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InvisibleStonehenge
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Re: Space Resource Exploration and Utilization Act. The potential $100 Trillion market for Space Mining. [Re: psyconaught]
    #21921440 - 07/09/15 07:17 PM (8 years, 6 months ago)

Now you want to do mining and extraction in space? Plus of course manufacturing since minerals are not much good by themselves. That will cost much more than 10,000 a lb perhaps a million a pound once you figure in keeping workers supplied with oxygen, food, etc.

Lets just imagine we have robots that do all the work, they never fuck up and are cheap. Might as well wish for cheap fusion while we are wishing. Then maybe it will work.


--------------------
“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835)

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Offlinepsyconaught
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Re: Space Resource Exploration and Utilization Act. The potential $100 Trillion market for Space Mining. [Re: Stonehenge]
    #21921549 - 07/09/15 07:43 PM (8 years, 6 months ago)

you do realize this isn't some novel insane idea only i am proposing right? there are people much more intelligent than both of us proposing this, including NASA and various other rocket agencies/companies...


But stonehenge knows best


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InvisibleStonehenge
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Re: Space Resource Exploration and Utilization Act. The potential $100 Trillion market for Space Mining. [Re: psyconaught]
    #21921574 - 07/09/15 07:49 PM (8 years, 6 months ago)

Yeah, there is loads of venture capital eager to pour into these venture. Not. Its science fiction at this point. It maybe can be done but not now and not profitably.


--------------------
“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835)

Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755


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Offlinehostileuniverse
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Re: Space Resource Exploration and Utilization Act. The potential $100 Trillion market for Space Mining. [Re: Stonehenge]
    #21922060 - 07/09/15 09:25 PM (8 years, 6 months ago)

I could definitely see this happening a LONG time in the future though, interesting stuff...

Quote:

Why go into space when we have the ocean floor to explore?




because overtime we spill a few barrels of oil, liberals go batshit crazy...

That aside, I'd be the first to volunteer to for oil exploration, drill deep, pump hard, stay prosperous my friends...


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OfflineBeanhead
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Re: Space Resource Exploration and Utilization Act. The potential $100 Trillion market for Space Mining. [Re: hostileuniverse]
    #21923055 - 07/10/15 03:51 AM (8 years, 6 months ago)

Quote:

hostileuniverse said:
I could definitely see this happening a LONG time in the future though, interesting stuff...

Quote:

Why go into space when we have the ocean floor to explore?




because overtime we spill a few barrels of oil, liberals go batshit crazy...

That aside, I'd be the first to volunteer to for oil exploration, drill deep, pump hard, stay prosperous my friends...




If this market somehow saturates, i'll be the first to volunteer too.
And then we dry the oceans out and are no step closer to space mining.
Space mining may be hard and long to startup but it's a resource haven that never goes empty.

Go for it though, deep sea technologies may be of use in space so it's definetly a worthwhile avenue but it won't last.

Yes, it's seemingly impossible at the moment but you can thank the military and 60 years of underfunded NASA for that.

Drones in space that extract aren't so far off drones that work autonomous to obliterate. Just a thought.


Edited by Beanhead (07/10/15 03:52 AM)


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InvisibleShins
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Re: Space Resource Exploration and Utilization Act. The potential $100 Trillion market for Space Mining. [Re: Beanhead]
    #21924325 - 07/10/15 12:48 PM (8 years, 6 months ago)

Quote:

Beanhead said:
The earth is drying out of resources, we've drilled miles upon miles, not sure we'll find much at the bottom of the ocean whi

ch we can't find underground or in space. Raw resources as in metals and gasses.

Quote:

Shins said:
If I were a space mining company I would now be looking at other countries to base my business who do not pigeon hole you like this legislation now does.




But NASA leads space research & engineering.
Followed by Russia, I guess.
Europe is a joke.

Unless you're keen on tax evasion (something which can't be done due to those clausules) i'm not seeing benefit from basing your company elsewhere. International treaty would be cooler though but that'd mean the government would have to pay, now a company does it and takes the fall if it fails.

And there will be many failures.





Taxes are one reason, but that act says that if you base your mining company in the USA, you can only sell resources you mine in the USA.  Thats total bullshit, why would any company want to agree to that?  They should base their company in another country where they are able to sell space mining resources in a global market where they can sell for better prices.

an international traty would be terrible!  Why are you so fixated on legislating a bunch of bullshit?  Leave the industry free, the more legislation you add to it, the more difficult you make it for space companies.  Its going to set back the advancement of the industry decades if governments all over regulate and legislate it.


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InvisibleShins
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Re: Space Resource Exploration and Utilization Act. The potential $100 Trillion market for Space Mining. [Re: Shins]
    #21924329 - 07/10/15 12:50 PM (8 years, 6 months ago)

Another note; NASA is contracting out much of its R&D to space-x, a private conpany.  You might say that space-x is the top innovator now.


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OfflineBeanhead
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Re: Space Resource Exploration and Utilization Act. The potential $100 Trillion market for Space Mining. [Re: Shins]
    #21924366 - 07/10/15 01:02 PM (8 years, 6 months ago)

Okay cool, that's what I thought at first but they made it seem so they wouldn't interfere.
Interesting. If you put it like that; Yes, they totally should, yay free market.

I was hoping with government support some money or manpower would trickle down into this. Cmon Space Race². Now i'm not sure why they lobbied so hard to get this legislated. I think there are various laws in place that this act now abhors to make this all possible but it's hard to find information.

Thank, i'll look into space-x.


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OfflineBeanhead
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Re: Space Resource Exploration and Utilization Act. The potential $100 Trillion market for Space Mining. [Re: Stonehenge]
    #21951971 - 07/16/15 01:02 PM (8 years, 6 months ago)

Here we go.

the Arkyd 3 Reflight (A3R) spacecraft deployed successfully from the International Space Station’s (ISS) Kibo airlock and has begun its 90-day mission!




Planetary Resources First launch

Yeah moneys an issue Stonehenge, we all keep squandering it. Private companies > Governments.
It took a company 6 years.


Edited by Beanhead (07/16/15 01:12 PM)


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OfflineBeanhead
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Re: Space Resource Exploration and Utilization Act. The potential $100 Trillion market for Space Mining. [Re: Beanhead]
    #22351436 - 10/08/15 06:46 PM (8 years, 3 months ago)



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