Dec 8, 2015
New US space mining law to spark interplanetary gold rush
Posted by Shailesh Prasad in categories: alien life, materials
Flashing some interplanetary gold bling and sipping “space water” might sound far-fetched, but both could soon be reality, thanks to a new US law that legalizes cosmic mining.
In a first, President Barack Obama signed legislation at the end of November that allows commercial extraction of minerals and other materials, including water, from asteroids and the moon.
That could kick off an extraterrestrial gold rush, backed by a private aeronautics industry that is growing quickly and cutting the price of commercial space flight.