New Race to Space
Entrepreneurial space is looking up, way up. It’s almost time to start drinking Tang again…
This is a blog about three exciting developments and what they mean:
- The Asteroid Resource Law: President signs Asteroid Resource Law
- Bezos vs. Musk: Race for reusable spaceships
- Finding Water on Mars – We found water! Now what?
New Asteroid Resource Law Signed by POTUS
After nearly three years of work, President Obama has just signed into law a piece of legislation that allows for private ownership of asteroidal materials.
Called the American Space Technology for Exploring Resource Opportunities In Deep Space (ASTEROIDS) Act, this law (part of the U.S. Commercial Space Launch Competitiveness Act — H.R. 2262) is effectively the largest piece of resource legislature ever signed by a U.S. president.
Let me explain.
Over the last 15 years, we’ve discovered a large population of asteroids that come very close to the Earth – I call them the “Manhattan Islands” of space.
They are resource-rich, composed of materials that we find extremely valuable: fuels (hydrogen and oxygen), construction materials (nickel, iron, and cobalt) and platinum group metals (platinum, palladium, osmium, iridium) for strategic uses (like electronics).
Most of the large 250 meter to one kilometer rocks are worth trillions of dollars, and as such, they represent some of the most valuable real estate in our solar system. Even better, most of them are energetically easier to reach than the surface of the Moon.
This piece of legislation describes how a private company can mine, own and sell materials taken off asteroids.
Let the next “gold rush” begin.
Musk vs. Bezos: Private Reusable Spaceships
You might have seen the headlines that read, “Jeff Bezos beats Elon Musk in space race to create reusable rocket.”
What is this all about?
Building reusable rockets is really the key to low-cost space travel and therefore opening the space frontier.
On November 23rd, the day before Thanksgiving —> Read More