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Spirethoughts

Spire's six most recent Spirethoughts.

African haircare industry surges ahead
The advent of the internet in Cuba kick starts online start-ups
WannaCry ransomware attack affects millions
Blockchain technology is set to hit retail sector
Virtual reality to replace medicinal painkillers

Space-mining for platinum on the cards

Platinum mining in space is getting cheaper and easier. Prospect probes can probably be built for tens of millions of dollars each. An asteroid-grabbing spacecraft could cost USD2.6 billion.

Space mining seems more lucrative than initially thought. An asteroid the size of a football field could contain USD25 billion to USD50 billion worth of platinum.

Although space mining is still not viable commercially, the possibilities are endless. Space mining could even lead to in-space manufacturing.

When will space mining become a viable market for investors?


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Nidhi Singh
Manager, Group Corporate Communications
Spire Research and Consulting
Phone: (91) 124 646 5499
E-mail: nidhi.singh@spireresearch.com

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