It isn’t rocket science—it’s much, much harder.
worth of metal-rich near-Earth asteroids. Beyond our backyard, in the growing expanse of the universe, there floats a seemingly infinite amount of money.
Due to this, asteroid mining companies—and investor interest—are starting to pick up steam once more. But questions about their viability, and ability to achieve their space-plundering goals, remain. Some of the challenges that faced Planetary Resources and Deep Space Industries are still there. After all, this isn’t just rocket science—it’s much more difficult.
“Planetary Resources, in many ways, failed because we were not able to raise the required amount of money to get to that next step,” Lewicki told The Daily Beast. “Part of the reason why we weren’t able to raise the amount of money was because it wasn’t clear how the business was going to make money.”
Sercel is quick to say that he’s completely supportive of AstroForge and other up-and-coming asteroid mining ventures. In his mind, the more talented engineers and entrepreneurs who are working on solving these big unwieldy problems, the better it is for the industry and society as a whole. “Our mission as a company is to go mine asteroids for platinum group metals,” Gialich said. “There’s no other mission of the company. We have no off-ramps. That is all we are trying to do.” And the company is buoyed by the fact that “the access to space is just so much cheaper than it ever was for anybody else. That gives us a huge advantage going forward.”
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