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market news

Obama Brings US Closer to Asteroid Mining

Charlotte McLeod
Apr. 08, 2013 10:14AM PST
Market News

The Washington Post reported that this week, President Barack Obama will request that NASA allocate $105 million toward a mission aimed at capturing a small asteroid and pulling it close to the moon so that samples can be brought back to earth. The project reportedly draws on asteroid mining and deflection science; NASA will determine whether it is feasible by this summer.

The Washington Post reported that this week, President Barack Obama will request that NASA allocate $105 million toward a mission aimed at capturing a small asteroid and pulling it close to the moon so that samples can be brought back to earth. The project reportedly draws on asteroid mining and deflection science; NASA will determine whether it is feasible by this summer.

As quoted in the market news:

The president’s request includes $78 million for NASA to develop technologies for the project and $27 million for beefing up the agency’s asteroid-detection work. The mission would fulfill a goal Obama set three years ago to send astronauts to an asteroid.

The mission would marry ongoing NASA projects, including asteroid detection, robotic spacecraft development, the construction of a giant new rocket — the Space Launch System — and the building of a deep-space human exploration capsule called Orion. A non-crewed test launch of Orion is set for next year.

Under the plan, an Atlas V rocket would launch the robotic craft toward a 20- to 30-foot-wide asteroid. Upon arrival, the craft would deploy a big bag, stuff the asteroid into it and start motoring toward the moon. The Space Launch System and Orion would later deliver the human crew.

Click here to read the full report from The Washington Post.
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