It’s that you burn up all your fuel just carrying fuel up there. It’s not that there’s a lack of water on Earth. This is perhaps a stupid question - but why bother mining the stuff if there’s plenty of it on Earth? Is there any way to make it more cost-effective to just bring more? There is, within the lunar regolith - or soil - oxygen and water, and we’re planning to extract that and create a new supply chain off-planet for spaceship refuelling, satellite refuelling, and the like. So in order to scale off-planet, we’re going to have to make a new supply chain that is outside of Earth’s gravity. That’s a function of the Earth’s gravity. By the time you get to space, you’ve pretty much run out of fuel with our current space technology. You’ve got all of this new innovation and launch market, but there’s really a gating factor to scaling. We see a big gap on what’s happening in space. You announced the creation of the Canadian Space Mining Corporation in a tweet - I recall seeing it. The Star spoke to Sax about the business case for asteroid mining, the Outer Space Treaty, and why the cannabis and oil and gas industries might be fertile ground for space industry recruits: A new space race is heating up and the pair feel as though Canada is being left in the dust. But to him and his co-founder, Dieter MacPherson, the need is obvious.
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Dig through a library or bookstore shelf of vintage science-fiction titles and you’ll find graceful tugs flitting between comets, skeletal spaceborne drilling rigs anchored to ancient rock - even the odd astronaut picking away at ore by hand.ĭaniel Sax, co-founder and CEO of the Canadian Space Mining Corporation, is still working on how exactly a mining corporation will extract the valuable oxygen, water, and ore needed to sustain an economy in space.
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Retro sci-fi art is full of asteroid mining.