#market #spacetech Created at 081023 # [Anonymous feedback](https://www.admonymous.co/louis030195) # [[Epistemic status]] #shower-thought Last modified date: 081023 Commit: 0 # Related # Asteroid market Based on the search results, the commercial value of an asteroid can be determined by several factors including its size, composition, proximity to Earth, and the cost of mining operations. Here is a summary of these factors in a markdown table: | Asteroid Name | Estimated Value | Composition | Proximity to Earth | Cost of Mining Operations | | --- | --- | --- | --- | --- | | 16 Psyche | US$700 quintillion[1] | Gold[1] | Not specified | Not specified | | Ryugu | US$82.76 billion[3] | Not specified | Not specified | Not specified | | Davida | US$27 quintillion[5] | Carbonaceous chondrite (contains water, nickel, iron, cobalt, nitrogen, ammonia, and hydrogen)[5] | Not specified | Not specified | | Unspecified 100-meter diameter metallic asteroid | US$12 billion[9] | Platinum Group Metals (PGMs)[9] | Not specified | Not specified | Please note that these values are theoretical and based on the assumption that the entire asteroid could be mined and its resources sold at current market prices. The actual commercial value of an asteroid would likely be much lower due to the high cost of space mining operations and the potential for market prices to drop if large quantities of these resources were suddenly introduced into the market[1][7][9]. Furthermore, the technology for asteroid mining is still in its early stages, and it may be several years or even decades before it becomes a viable industry[1][7][11]. Citations: [1] https://hir.harvard.edu/economics-of-the-stars/ [2] https://www.alliedmarketresearch.com/asteroid-mining-market [3] https://www.statista.com/statistics/656590/cost-effective-asteroid-mining-value-and-profit-estimates/ [4] https://www.esa.int/Science_Exploration/Space_Science/Asteroids_Structure_and_composition_of_asteroids [5] https://www.statista.com/chart/8093/the-colossal-untapped-value-of-asteroids/ [6] https://www.thebusinessresearchcompany.com/report/asteroid-mining-global-market-report [7] https://www.forbes.com/sites/brucedorminey/2021/08/31/does-commercial-asteroid-mining-still-have-a-future/?sh=24af40781a93 [8] https://science.nasa.gov/solar-system/asteroids/facts/ [9] https://www.forbes.com/sites/brucedorminey/2021/08/31/does-commercial-asteroid-mining-still-have-a-future/ [10] https://www.databridgemarketresearch.com/reports/global-asteroid-mining-market [11] https://miningdigital.com/supply-chain-and-operations/space-mining-sustainability-and-profitability-combined [12] https://space.nss.org/settlement/nasa/spaceresvol3/asterres1.htm [13] https://www.smithsonianmag.com/smart-news/asteroid-16-psyche-may-be-worth-more-than-planet-earth-at-10-quintillion-in-fine-metals-180979303/ [14] https://www.databridgemarketresearch.com/news/global-asteroid-mining-market [15] https://arxiv.org/pdf/1810.03836.pdf [16] https://starlust.org/what-are-asteroids-made-of/ [17] https://www.bloomberg.com/opinion/articles/2023-09-28/commercial-asteroid-mining-has-a-astronomical-cost-issue [18] https://www.skyquestt.com/report/asteroid-mining-market [19] https://www.universetoday.com/37425/what-are-asteroids-made-of/ [20] https://web.mit.edu/12.000/www/m2016/finalwebsite/solutions/asteroids.html [21] https://www.maximizemarketresearch.com/market-report/global-asteroid-mining-market/28672/ [22] https://en.wikipedia.org/wiki/Asteroid_mining [23] https://www.bccresearch.com/market-research/engineering/asteroid-mining-market-report.html [24] https://www.nature.com/articles/485549a [25] https://www.imarcgroup.com/asteroid-mining-market