The business of asteroid mining

APS-1, an asteroid prospecting satellite conducting a spectral survey of 5000 Near Earth Asteroids (NEA). Credits: Asteroid Mining Corporation.

The Asteroid Mining Corporation wants to open the resources of the solar system toward a brighter interplanetary future. AMC claims that it does not need to mine an asteroid to be commercially successful, at least initially. The small start up proposes a practical transitional approach based on incremental successes to pay the bills while capitalizing on technological innovations to achieve the ultimate goal of mining an asteroid.

They plan to start with a remote sensing mission called Asteroid Prospecting Satellite (APS-1) to survey Near Earth Asteroids (NEA) to identify which are the most viable candidates for mining. AMC will then sell this data to customers interested in their own mining operations.

The next mission would be an Asteroid Exploration Probe (AEP-1) capable of visiting multiple targets and including a small landing probe to survey the mineralogical, metallurgical and molecular constituents of the most promising high platinum bearing Asteroids identified by APS-1, and test mining equipment.

AEP-1, an asteroid exploration probe visiting a promising NEA to confirm mineral content and test mining equipment. Credits: AMC.

The ultimate goal of AMC’s effort is the worlds first asteroid mining mission called Asteroid Mining Probe (AMP-1) designed to extract 20 tons of platinum. The AMP-1 spacecraft would be marketed to other customers around the world and would help establish the infrastructure for an extraterrestrial economy.

AMP-1, Earth’s first commercial asteroid mining mission. Credits: AMC