Rocket maker ArianeGroup announced on Monday that it had landed a one-year contract with the the European Space Agency to develop a game plan for mining lunar regolith. Regolith, which is the material covering the surface of the moon, could be a rich source of both water and oxygen, and being able to mine it would potentially allow for a sustainable lunar settlement at some point in the not-so-distant future.
Mining otherworldly resources is a hot topic of late, with various companies and space groups working out the best possible approach for exploiting material from places like the moon, Mars and even asteroids tumbling through the solar system.
Investment analysts are betting on space mining being a hugely profitable endeavor for whoever can master it first, even going so far as to suggest that mining in space will produce the world’s first trillionaire.
Read more at NY POST.