Economics Explained recently published a video explaining how using space as a way to get resources will never be economically viable. It doesn’t matter how cheap you can produce something if the shipping cost is $5,000 per gram. We’d sooner syphon gold out of ocean water than get it from an asteroid.
Space travel is a great investment when it comes to discovering new technologies that revolutionize life, but a terrible investment for resource extraction.
Economics Explained recently published a video explaining how using space as a way to get resources will never be economically viable. It doesn’t matter how cheap you can produce something if the shipping cost is $5,000 per gram. We’d sooner syphon gold out of ocean water than get it from an asteroid.
Space travel is a great investment when it comes to discovering new technologies that revolutionize life, but a terrible investment for resource extraction.