Fortunes in Space

Twenty trillion dollars is a lot of cash. In 1997, John Lewis calculated the rough value of the metal in asteroid 3554 Amun at $20,000,000,000,000. 3554 Amun is considered to be a “small” M-type asteroid at a diameter of 2.5 kilometers. Since the price of precious metals has inflated since 1997, it is likely worth more now. It has been estimated that there are over 200,000 asteroids that are larger than this. The first 200,000 immigrants to the asteroid belt may find themselves worth over $20Trillion apiece.

The First Trillionaires Will Make Their Fortunes in Space

Just as explorers during the Age of Discovery established new trade routes in pursuit of resources such as gold, silver and spices, the future explorers of space will be chasing unimaginable riches. As Peter Diamandis told the International Space Development Conference, “There are twenty-trillion-dollar checks up there, waiting to be cashed!” These cosmic cash cows are so-called Near-Earth asteroids that contain a wide range of precious resources.

SEE ALSO:
Mining Asteroids
Life in the Asteroid Belt
Stepping Stones to Space
The Rocks

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