Inquisitr NewsInquisitr NewsInquisitr News
  • News
  • Politics
  • Human Interest
  • Crime
  • Entertainment
  • More
    • Money
    • Sports
    • Featured
  • Newsletter
Reading: NASA Encourages Asteroid Mining, Contracts Two Private Companies
Share
Get updates in your inbox
Inquisitr NewsInquisitr News
News Alerts
  • News
  • Politics
  • Human Interest
  • Crime
  • Entertainment
  • More
    • Money
    • Sports
    • Featured
  • Newsletter
Follow US
© 2026 Inquisitr Ltd. All Rights Reserved.
Science & Tech

NASA Encourages Asteroid Mining, Contracts Two Private Companies

Published on: November 25, 2014 at 11:29 AM ET
Amanda Lager
Written By Amanda Lager
News Writer

The National Aeronautics and Space Administration (NASA) has contracted with two private companies to explore the possibility of asteroid mining after the successful landing of the Rosetta spacecraft on a comet. Asteroid mining could provide spaceship fuel and life-sustaining water. Other materials from including such as titanium, iron, and nickel could aid in the creation of parts.

Deep Space Industries and Planetary Resources Inc. are the two companies working with NASA, Tech Times reports. They currently conduct asteroid tracking and other space research.

Deep Space Industries is working on FireFlies, one-way satellites that the company will send to collect data on asteroids including size, shape, density, and composition. The Dragonfly is another spacecraft that will be used to bring back resources to Earth. Meanwhile, Planetary Resources will work on satellites for tracking and analysis. Their focus will be on near Earth objects as well as the development of telescopes specifically to track asteroids.

Some researchers believe that asteroid mining will increase materials available on Earth, and perhaps even boost global Gross Domestic Product. According to Planetary Resources, the research will allow “humanity to become a flourishing multi-planetary species.”

“Many materials we value here on Earth, are found in near infinite quantities on asteroids.” @interplanetary #TedXRainier

— Planetary Resources (@PlanetaryRsrcs) November 23, 2014

Deep Space Industries certainly seems excited about its prospects of asteroid exploration, and shared a picture of a potential probe.

The Comet Landing as a Prelude to Asteroid Mining #Space #Asteroid #Mining #Comet #DeepSpace #AsteroidMining http://t.co/Ti93zlHxS9 — ???DSI??? (@GoDeepSpace) November 16, 2014

#Mining entrepreneur J. Malnic joins @GoDeepSpace board http://t.co/TJtBstwuJp #space #asteroids pic.twitter.com/Gnh8xFYvbj

— Space Rock Man (@geoffnotkin) November 15, 2014

Dante Lauretta, NASA’s principal investigator for the OSIRIS-REx mission to return asteroid samples to Earth, says that asteroid mining could reduce the cost of sending water to spaceships.

“The other thing you can do with water is break it apart into its constituent hydrogen and oxygen, and that becomes rocket fuel, so you could have fuel depots out there where you’re mining these asteroids. The other thing C-type asteroids have is organic material – they have a lot of organic carbon, phosphorous and other key elements for fertilizer to grow your food.”

Bringing resources to Earth can cost anywhere between $5,000 to $25,000, according to Design & Trend . NASA is conducting studies on the possibilities of asteroid mining, including OSIRIS-REx. Asteroid mining would profit companies and astronauts alike if platinum metals and water can be found. NASA will study the Bennu asteroid with OSIRIS-REx, which will attempt a landing to gather information in September 2016. Bennu orbits closely to Earth.

As reported by the Inquisitr , excitement about space exploration has increased with the successful landing of the Rosetta probe on Comet 67P. Organic compounds in the comet’s atmosphere could indicate that life on Earth originated somewhere other than the planet itself. Similar studies could answer many questions about humanity’s beginnings.

NASA published the following video about OSIRIS-Rex’s mission to explore the Bennu asteroid.

[Photo Source: NASA]

TAGGED:nasa
Share This Article
Facebook X Flipboard Whatsapp Whatsapp Telegram Copy Link
Please enable JavaScript in your browser to complete this form.

Want the latest updates on news, celeb gossip & political chaos?

From hard news and political drama to celeb stories and entertainment buzz, delivered straight to your inbox.

You can unsubscribe anytime. For more details, review our Privacy Policy.

Loading
Inquisitr NewsInquisitr News
Follow US
© 2026 Inquisitr Ltd. All Rights Reserved.
  • About Us
  • Terms and Conditions
  • Privacy Policy
  • DMCA
  • Contact
Please enable JavaScript in your browser to complete this form.

Want the latest updates on news, celeb gossip & political chaos?

From hard news and political drama to celeb stories and entertainment buzz, delivered straight to your inbox.

You can unsubscribe anytime. For more details, review our Privacy Policy.

Loading
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?