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The Asteroid Nearing Earth Could Be Worth $195 Billion - Here's The Plan To Mine The Next One

Dina SpectorFeb 14, 2013, 02:33 IST

Deep Space Industries More than 900 new near-Earth asteroids are discovered each year. At least two companies, Planetary Resources and more recently, Deep Space Industries, have announced plans to take advantage of these massive rock clumps, which are in seemingly endless supply and believed to be the source of great mineral wealth.

The asteroid making a record-close approach to Earth this week could be worth up to $195 billion in fuel and metal, according to Deep Space Industries.

Unfortunately, asteroid 2012 DA14 is not a good target because its orbit is tilted relative to Earth, requiring too much energy to chase down.

That doesn't bother Deep Space. There are thousands of other asteroids floating out in space just waiting to be harvested.

Here's Deep Space's master plan to find, capture, and process asteroid materials for use in space and on Earth.