Space mining

Analysts, visionaries in technology, and even renowned astrophysicist Neil deGrasse Tyson anticipated that space mining will be a major business. Recently, it has been found that rare asteroids near Earth may contain precious metals worth $11.65 trillion. These priceless chunks could be targets for future space mining and offer clues about an even greater cosmic treasure.

In fact, the pricey nugget may contain more iron, nickel, and cobalt than the whole world's metal reserves. These rare, massive material deposits, known as metal-rich near-Earth asteroids, are over a mile wide. The one thought to be a metal motherlode is labeled 1986 DA, while the other is labeled 2016 ED85. The pair "may be possible targets for asteroid mining in the future", according to a new study published in The Planetary Science Journal. Experts think that space mining might provide cost-effective metals for a lunar or Mars-based colony, thereby expanding humanity's reach in space exploration. Building materials would not have to withstand the expensive shuttle from Earth to space if a cosmic mine was used.