You must have heard about Bill Gates and Warren Buffet. These people are richest men in the world. Their net worth is more than $80 billion. Yet they are still pretty far from becoming trillionaires. As you know, 1000 billion make a trillion. It would take them centuries to get to that stage, which won’t happen, unfortunately. But it might be possible, read more to know how. Till then, try to figure out how.

Our resources

Our planet, Earth is basically a rock and also comes with a load of minerals that are present since the planet was formed. But, these are very limited in quantity and judging by the speed of our consumption of these precious minerals, they will be exhausted soon. We need to think of means to conserve them as they are very important to us. If the mineral resources can be extracted and utilized, mineral based industries can be established and expanded. Petrol, diesel, iron, coal, etc. are minerals for industries. This accelerates the industrial development. The existence of mineral resource provides employment opportunity to the people. Mineral resources help to establish the new industries where skilled and unskilled people can get employment opportunity.

What is Asteroid Mining?

You must know what are Asteroids, in short, they are full of minerals. Asteroids are rocky worlds revolving around the sun that are too small to be called planets. They are also known as planetoids or minor planets. There are millions of asteroids, ranging in size from hundreds of miles to several feet across. In total, the mass of all the asteroids is less than that of Earth’s moon. Asteroids are leftovers from the formation of our solar system about 4.6 billion years ago.

Early on, the birth of Jupiter prevented any planetary bodies from forming in the gap between Mars and Jupiter, causing the small objects that were there to collide with each other and fragment into the asteroids seen today.  When an asteroid, or a part of it, crashes into Earth, it’s called a meteorite. Here are typical compositions:

Iron meteorites
  • Iron: 91 percent
  • Nickel: 8.5 percent
  • Cobalt: 0.6 percent
Stony meteorites
  • Oxygen: 6 percent
  • Iron: 26 percent
  • Silicon: 18 percent
  • Magnesium: 14 percent
  • Aluminum: 1.5 percent
  • Nickel: 1.4 percent
  • Calcium: 1.3 percent

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Asteroids are present in huge numbers, in millions of millions. Some of them also break away from their orbits and start travelling towards Earth. This makes an excellent opportunity for us. We can mine the asteroids and take the important minerals from them. As they are in many in numbers, this won’t affect much. There won’t be a shortage of minerals. Asteroids can be as big as 300kms in size. Just imagine a number of minerals we can obtain from a single asteroid. It might last us for 10 years.

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How is it possible?

Well, there is still research going on how to do mining on asteroids. It’s not as easy as mining minerals on Earth. It requires very precise calculations and support of technology. Scientists plan on sending robots on rockets and land on asteroids and then mine them, then return back to Earth. Scientists predict that we will be able to mine asteroids after 20 years. Let’s hope for the Best.

How will it make you a trillionaire?

Just suppose that you own a rocket agency and you also have the technology for it. You send rockets to the asteroid, mine them and BAM! Have all the minerals. You have control over them. Also, you can decide how to sell them, you may also decide the price for them. But, asteroids pass near earth randomly in decades. You cannot do this as a permanent profession. You also need to check when and where that asteroid is, and make arrangements.

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Thanks for reading this far. What do you think about this type of mining? Will you do it in the future? Let us know in the comment section below. Also, subscribe to our website to receive amazing feed.

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