Billionaire closer to mining the moon for trillions of dollars in riches


#1

cnbc.com/2017/01/31/billionaire-closer-to-mining-moon-for-trillions-of-dollars-in-riches.html

Moon Express, the first private company in history to receive government permission to travel beyond Earth’s orbit, announced Tuesday that it raised another $20 million in private equity financing to fund its maiden lunar mission to take place in late 2017. This brings the total amount of private investment to $45 million from investors that include Peter Thiel’s Founders Fund, Collaborative Fund and Autodesk.

What may have added impetus to investor interest in Moon Express is President Trump’s picks for the NASA transition team — Charles Miller and Chris Shank — and the leading candidate to become the next NASA administrator, GOP Rep. Jim Bridenstine. All support commercial space ventures and manned exploration — including lunar missions.

If successful, the new MX-1 lunar lander from Moon Express would not only win the $20 million Google Lunar XPRIZE, it would also help jump-start a new era of space exploration. Up until now, only government-funded missions from the United States, China and Russia have landed on the moon.

Last year the U.S. government made a historic ruling to allow the company to engage in peaceful commercial lunar exploration and discovery following consultations with the FAA, White House, State Department and NASA.

The company’s challenge now is to meet the XPRIZE requirement: Make a soft landing on the moon, travel 500 meters across its surface, and transmit high-definition video and images back to Earth. All tasks must be done before the end of this year.

According to co-founder and chairman Naveen Jain, “Moon Express now has all the capital it needs to land its small robotic spacecraft on the surface of the moon in November or December of 2017.” The company’s goal is twofold: 1) mine the moon for valuable resources, such as Helium-3, gold, platinum group metals, rare earth metals and water; and 2) help researchers develop human space colonies for future generations

Yesss how soon until we can create a dystopian moon society??


#2

This (proposal to mine the moon) has got to be one of the worst investment opportunities on earth or off.


#3

Time to re-read Heinlein’s The Moon Is a Harsh Mistress. TAANSTAAFL!!!


#4

I’m hearing echoes of Heraldo Rivera opening Al Capone’s secret vault.


#5

I think moon mining and asteroid mining are great ideas. The earth only has limited resources, but in space you can get all sorts of stuff. This will be great as it will probably cause the prices of gold, steel, diamonds, and other expensive items to be cheaper. :thumbsup:


#6

Are we sure that China has not already claimed ownership of the Sea of Tranquility?


#7

Just don’t mine it too much. We don’t want to be messing up the Earth’s gravity :stuck_out_tongue:

The earth needs high-range missiles to attack the moon. The only thing the moon needs to attack the earth is a decent mechanical catapult.


#8

You’ve read the book, too :smiley:


#9

i doubt there are very different types of valuable resources on the moon other than that which is already here on mother earth

the problem w/ the moon is that there is no breathable atmosphere and little or no water


#10

Terraform it! :stuck_out_tongue:


#11

I should rewatch Moon.


#12
  • i agree

#13

I hope the billionaire is not George Soros!


#14

Even if there were raw diamonds on the surface of the moon, it would not be economically feasible to bring them back to earth for a profit. Spaceflight is incredibly expensive.


#15

Mr. Soros is not known for funding space exploration. I think he’s too busy trying to collapse the dollar.

But the moon idea sounds interesting. There is a growing demand for space travel.


#16

This mission has my full support. I don’t know if it will do us any good in the end, but it sounds awesome, and that’s all that really matters, Isn’t it? :smiley:


#17

Indeed, and any real mining operation would require transporting (essentially lifting) a lot of heavy equipment, which way beyond our capabilities.


#18

Use the catapult to send the diamonds back. :shrug:


#19

It’s feasible. Studies on this go back to the 1950s. The formula is simple: cost per pound. Yes, the moon has a fraction of the earth’s gravity but even rare minerals would not be worth transporting with current technology.

Ed


#20

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