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Technology Stocks : SpaceDev: Mine Asteroids

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To: Stephen Balbach who wrote (1)3/17/1998 4:23:00 PM
From: elk  Read Replies (1) of 65
 
Stephen, Now this is intriguing! This reminds me of the Larry Niven sci-fi books I used to read. Interesting that some writers were saying, even 20 years ago, that the first successful commercial venture into outer space would be the mining of asteroids. The amount of resources, even in a single asteroid, could be trillions of dollars. Now they are focused on Near Earth ateroids, which only makes sense, but in the future, I believe we will see a targetting of those whose mineral wealth can be pre-determined. Eventually, there will be missions to the Asteroid Belt to place boosters onto asteroids and send them into an orbit, probably around the moon, since the fear of placing it around the Earth will most likely lead to that being banned.

This is one company looking to the future. I have no idea about the fundamentals or details of this company, but their ideas are enough to make me look. Thanks for the information and any more you can provide.

Evan
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