The race is on
They started the company two years ago and now it is necessary to quickly get started to see if the technology works and at the same time get ahead of competitors who are also investing large sums with the same goal in mind – where the race towards space has already started.
However, mining minerals from asteroids will be no easy task, the AstroForge founders admit.
“We’re going to have a lot of failures along the way,” Matt Gialich told CNN.
Countries compete against each other
Many countries are now competing to send their expeditions into space to test whether mining can start on a large scale. In addition to the United States, China and the United Arab Emirates have long-term plans not to miss the asteroid race.
Financially sustainable
The big question mark that remains is not whether it is possible to carry out, but whether it is worthwhile, from an economic perspective, to carry out the mining in space.
However, there is rapid development in the area, where companies such as SpaceX manage to cut costs in space travel. At the same time, the range of asteroids in the solar system is huge, around 1.3 million, and the mapping of the asteroids is well developed, says Matt Gialich.
AstroForge plans to be able to bring home one ton of metals per space trip, which is then worth around $70 million, within this decade.
“I hope we will at least be remembered as a space company that invested fully,” says Matt Gialich.
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