- Year Expected: By 2055
It is quite obvious that asteroids contain some amazing materials. They pass by our planet all the time, and we’ve already proven we can get probes on one. Thus, getting humans on one long enough to mine them will be a difficult adventure. We will need the proper equipment to get there, along with the right equipment to work in space for long periods of time. Radiation will likely be quite high, either from a nearby star or simple cosmic radiation. But the rewards that mining asteroids bring could be huge.
Many believe that this could be a great way to mine for water in the future, should something occur and the world needs more water to use. Yet the big thing asteroids bring to the table are the important metals we need. That includes things like nickel, iron, iridium, platinum, palladium, magnesium, and most importantly…gold. The first asteroid miners will likely become rich overnight after one mining expedition. However, as mining increases, precious metals like gold will lose their value. Yet the big thing is that most of our technology needs metals, and asteroid miners will give tech companies a way to get more and more of that likely at a lower cost.