As you can see from the Part number, I’ve been writing on Asteroid Mining for a while now. The first time I wrote about mining the asteroids, was a decade ago with this post: https://faithandsciencefiction.blogspot.com/2016/05/slice-of-pie-asteroids-in-fictionand.html
Since then, the buzz around mining the asteroids has mostly been about finding “gold in them thar hills!” (In this case, “them thar hills” were LITERAL hills floating in space.)
But ten years later, the reality seems to be approaching prosaic! Human habitation on THIS planet has always been related to finding “safe harbors”; ie: WATER. Ranging from physically accessible drinking water, to using bodies of water (oceans, seas, lakes, rivers) where we could create accessible ports where to safely load and unload ships – or even pick up stuff that was dropped into the oceans (like spacecraft returning from space.)
Once again, our exploration of Earth has taken a leap into space and the current push is to look for water (more correctly, ICE (not THAT kind of ice – frozen H2O! Man!)) The BUSINESS magazine FORBES/site points out that ice could become the foundation of a High Earth kind of economy: “SpaceX IPO Is A $1.77 Trillion Bet On An Orbital Economy”…
What’s an “orbital economy”? Here’s one definition: “…the commercial and industrial ecosystem centered in Earth's orbit—primarily Low Earth Orbit (LEO)—where economic value is generated, deployed, and sustained rather than just explored.”
So…no more “final frontier”? Just, “OK, FOLKS! What can we get from LEO?”
With the ISS “celebrating 25 years of continuous human presence on November 2, 2025 (having first welcomed its permanent crew on November 2, 2000)”, the next stage of space exploration is lifting us off the surface of Earth to “actually have people LIVE in space”.
That sounds all fine and good, but we ALL know that the end result of investments of huge sums of money (be they dollars, euros, yuan, francs, rupees, or yen) is to make more of the same (unless gold, platinum, and other valuable metals can be mined in significant quantities…which is a significant possibility as well…). So, if someone is going to take the trouble to “mine and process water ice”…what do they get out of it?
For the present, it seems to be that the biggest money maker is the satellites themselves and what they can “give us”: “Satellites quietly enable communications, navigation, financial systems, climate monitoring and disaster response, shaping daily life without drawing attention to themselves.”
Today, that economy includes not ONLY the traditional space-faring nations, but non-traditional space-faring nations. Think of it – the initial investment in space travel was limited to precisely two countries: the United States and the Soviet Union. That held the status quo for decades while the two countries poured rubles and dollars into a race explicitly defined “the space race” surrounded by rhetoric that usually included “them versus us”.
That no longer hold true. While still in front of other countries, have developed space programs independent of Russia and the US: Japan, China, France/ESA, India, Israel, Iran, and North Korea. Of those, at least three created independent space programs out of the necessity of protecting themselves from hostile entities and with no real interest in space exploration (admittedly WE were one of those at one time, to “protect ourselves from the Red Threat”…)
But now everyone wants a piece of the pie. I wouldn’t be surprised to eventually see INDIVIDUALS create space programs for their own purposes (probably not nefarious, rather wealth-driven (as in make MORE money).
It seems however, that ALL of them will need the commodity that has driven Earth’s exploration and colonization since the first Human hollowed out a log and set off to the find out what was “out there”. Within the limits of our very-young exploration of even our own Solar System (you ever wonder wonder what the different space programs call the “exploration of the Solar System”? I think I’ll save that for the next post of Mining the Asteroids…
Today’s Source: https://www.forbes.com/sites/jamiecartereurope/2026/07/01/why-the-spacex-ipo-brings-a-new-era-of-asteroid-mining-closer/ https://www.forbes.com/councils/forbestechcouncil/2026/02/26/examining-the-space-economy-and-why-the-next-frontier-is-already-here/
Foundational Resource: (A general Wikipedia post detailing what the authors currently know about asteroid mining: https://en.wikipedia.org/wiki/Asteroid_mining)
Noted Resources: https://en.wikipedia.org/wiki/List_of_asteroid_close_approaches_to_Earth, https://www.pharostribune.com/news/local_news/article_7fcd3ea5-3c14-533f-a8d5-9bf629922f34.html, https://www.fool.com/investing/2022/04/29/like-asteroid-mining-be-careful-what-you-wish-for/, https://www.nps.gov/wrbr/learn/historyculture/theroadtothefirstflight.htm, https://hackaday.com/2019/03/27/extraterrestrial-excavation-digging-holes-on-other-worlds/, https://www.planetary.org/space-missions/every-small-worlds-mission
Interesting Stuff The Might Apply To Mining Asteroids: https://www.bbc.com/news/articles/cgej7gzg8l0o
But ten years later, the reality seems to be approaching prosaic! Human habitation on THIS planet has always been related to finding “safe harbors”; ie: WATER. Ranging from physically accessible drinking water, to using bodies of water (oceans, seas, lakes, rivers) where we could create accessible ports where to safely load and unload ships – or even pick up stuff that was dropped into the oceans (like spacecraft returning from space.)
Once again, our exploration of Earth has taken a leap into space and the current push is to look for water (more correctly, ICE (not THAT kind of ice – frozen H2O! Man!)) The BUSINESS magazine FORBES/site points out that ice could become the foundation of a High Earth kind of economy: “SpaceX IPO Is A $1.77 Trillion Bet On An Orbital Economy”…
What’s an “orbital economy”? Here’s one definition: “…the commercial and industrial ecosystem centered in Earth's orbit—primarily Low Earth Orbit (LEO)—where economic value is generated, deployed, and sustained rather than just explored.”
So…no more “final frontier”? Just, “OK, FOLKS! What can we get from LEO?”
With the ISS “celebrating 25 years of continuous human presence on November 2, 2025 (having first welcomed its permanent crew on November 2, 2000)”, the next stage of space exploration is lifting us off the surface of Earth to “actually have people LIVE in space”.
That sounds all fine and good, but we ALL know that the end result of investments of huge sums of money (be they dollars, euros, yuan, francs, rupees, or yen) is to make more of the same (unless gold, platinum, and other valuable metals can be mined in significant quantities…which is a significant possibility as well…). So, if someone is going to take the trouble to “mine and process water ice”…what do they get out of it?
For the present, it seems to be that the biggest money maker is the satellites themselves and what they can “give us”: “Satellites quietly enable communications, navigation, financial systems, climate monitoring and disaster response, shaping daily life without drawing attention to themselves.”
Today, that economy includes not ONLY the traditional space-faring nations, but non-traditional space-faring nations. Think of it – the initial investment in space travel was limited to precisely two countries: the United States and the Soviet Union. That held the status quo for decades while the two countries poured rubles and dollars into a race explicitly defined “the space race” surrounded by rhetoric that usually included “them versus us”.
That no longer hold true. While still in front of other countries, have developed space programs independent of Russia and the US: Japan, China, France/ESA, India, Israel, Iran, and North Korea. Of those, at least three created independent space programs out of the necessity of protecting themselves from hostile entities and with no real interest in space exploration (admittedly WE were one of those at one time, to “protect ourselves from the Red Threat”…)
But now everyone wants a piece of the pie. I wouldn’t be surprised to eventually see INDIVIDUALS create space programs for their own purposes (probably not nefarious, rather wealth-driven (as in make MORE money).
It seems however, that ALL of them will need the commodity that has driven Earth’s exploration and colonization since the first Human hollowed out a log and set off to the find out what was “out there”. Within the limits of our very-young exploration of even our own Solar System (you ever wonder wonder what the different space programs call the “exploration of the Solar System”? I think I’ll save that for the next post of Mining the Asteroids…
Today’s Source: https://www.forbes.com/sites/jamiecartereurope/2026/07/01/why-the-spacex-ipo-brings-a-new-era-of-asteroid-mining-closer/ https://www.forbes.com/councils/forbestechcouncil/2026/02/26/examining-the-space-economy-and-why-the-next-frontier-is-already-here/
Foundational Resource: (A general Wikipedia post detailing what the authors currently know about asteroid mining: https://en.wikipedia.org/wiki/Asteroid_mining)
Noted Resources: https://en.wikipedia.org/wiki/List_of_asteroid_close_approaches_to_Earth, https://www.pharostribune.com/news/local_news/article_7fcd3ea5-3c14-533f-a8d5-9bf629922f34.html, https://www.fool.com/investing/2022/04/29/like-asteroid-mining-be-careful-what-you-wish-for/, https://www.nps.gov/wrbr/learn/historyculture/theroadtothefirstflight.htm, https://hackaday.com/2019/03/27/extraterrestrial-excavation-digging-holes-on-other-worlds/, https://www.planetary.org/space-missions/every-small-worlds-mission
Interesting Stuff The Might Apply To Mining Asteroids: https://www.bbc.com/news/articles/cgej7gzg8l0o





