Earth-Buzzing Asteroid May Be Worth Billions - Spokane, North Idaho News & Weather KHQ.com

Earth-Buzzing Asteroid May Be Worth Billions

Posted: Updated:

YAHOO.COM - The space rock set to give Earth a historically close shave this Friday (Feb. 15) may be worth nearly $200 billion, prospective asteroid miners say.

The 150-foot-wide (45 meters) asteroid 2012 DA14 — which will zoom within 17,200 miles (27,000 kilometers) of Earth on Friday, marking the closest approach by such a large space rock that astronomers have ever known about in advance — may harbor $65 billion of recoverable water and $130 billion in metals, say officials with celestial mining firm Deep Space Industries.

That's just a guess, they stressed, since 2012 DA14's composition is not well known and its size is an estimate based on the asteroid's brightness.

The company has no plans to go after 2012 DA14; the asteroid's orbit is highly tilted relative to Earth, making it too difficult to chase down. But the space rock's close flyby serves to illustrate the wealth of asteroid resources just waiting to be extracted and used, Deep Space officials said. [Deep Space Industries' Asteroid-Mining Vision in Photos]

"While this week's visitor isn't going the right way for us to harvest it, there will be others that are, and we want to be ready when they arrive," Deep Space chairman Rick Tumlinson said in a statement Tuesday (Feb. 12).

Deep Space Industries wants to use asteroid resources to help humanity expand its footprint out into the solar system. The company plans to convert space rock water into rocket fuel, which would be used to top up the tanks of off-Earth satellites and spaceships cheaply and efficiently.

Asteroidal metals such as iron and nickel, for their part, would form the basis of a space-based manufacturing industry that could build spaceships, human habitats and other structures off the planet.

The idea is to dramatically reduce the amount of material that needs to be launched from Earth, since it currently costs at least $10 million to send 1 ton of material to high-Earth orbit, officials said.

"Getting these supplies to serve communications satellites and coming crewed missions to Mars from in-space sources like asteroids is key if we are going to explore and settle space," Tumlinson said.

Deep Space Industries is just one of two asteroid-mining firms that have revealed their existence and intentions in the past 10 months. The other is Planetary Resources, which has financial backing from billionaires such as Google execs Larry Page and Eric Schmidt.

Deep Space aims to launch a phalanx of small, robotic prospecting probes called Fireflies in 2015. Sample-return missions to potential targets would occur shortly thereafter, with space mining operations possibly beginning around 2020.

Planetary Resources also hopes its activities open the solar system up for further and more efficient exploration. The company may launch its first low-cost prospecting space telescopes within the next year or so.

  • Most Popular StoriesMost Popular StoriesMore>>

  • INCREDIBLE drone video shows fire destruction over Pateros/Brewster

    INCREDIBLE drone video shows fire destruction over Pateros/Brewster

    Tuesday, July 22 2014 9:51 AM EDT2014-07-22 13:51:52 GMT
    KHQ.COM - Chelan HD Productions has given us permission to show this incredible video they shot with a drone surveying the damage done from the Carlton Complex Fire in the areas of Brewster and Pateros. This video is truly jaw dropping and really shows the level of destruction from the fire.>>
    KHQ.COM - Chelan HD Productions has given us permission to show this incredible video they shot with a drone surveying the damage done from the Carlton Complex Fire in the areas of Brewster and Pateros. This video is truly jaw dropping and really shows the level of destruction from the fire.>>
  • 10 Cheapest Houses For Sale In Spokane

    10 Cheapest Houses For Sale In Spokane

    Wednesday, November 27 2013 2:35 AM EST2013-11-27 07:35:08 GMT
    Whether you are in the market for an affordable place to live or are in the business of flipping houses, here are the 10 cheapest homes for sale in Spokane according to AllSpokaneHomes.com.>>
    SPOKANE, Wash. - Whether you are in the market for an affordable place to live or are in the business of flipping houses, here are the 10 cheapest homes for sale in Spokane according to AllSpokaneHomes.com. Yes, they all need some work and some need a lot more than others, but when your mortgage payment is around the $200/month range there's at least something to stay positive about.>>
  • Deputies searching for man after attempted child luring in Post Falls

    Deputies searching for man after attempted child luring in Post Falls

    Wednesday, July 23 2014 11:54 AM EDT2014-07-23 15:54:23 GMT
    KHQ.COM- The Kootenai County Sheriff's Office needs your help tracking down a man who tried to lure a young child away from their home. Deputies said the enticing attempt happened around 4 p.m. Tuesday in Post Falls.According to the sheriff's office, a man approached a 6-year-old child that was playing in the driveway of a home near S. Pine Ct. The man tried to lure the child away by asking for help looking for lost kittens, and the child's grandmother says the man briefly followed the child ...>>
    KHQ.COM- The Kootenai County Sheriff's Office needs your help tracking down a man who tried to lure a young child away from their home. Deputies said the enticing attempt happened around 4 p.m. Tuesday in Post Falls.According to the sheriff's office, a man approached a 6-year-old child that was playing in the driveway of a home near S. Pine Ct. The man tried to lure the child away by asking for help looking for lost kittens, and the child's grandmother says the man briefly followed the child ...>>
  • National NewsMore>>

  • Battle rages in Gaza City

    Battle rages in Gaza City

    Sunday, July 20 2014 2:12 PM EDT2014-07-20 18:12:41 GMT
    GAZA CITY, Gaza Strip (AP) - It's the deadliest day yet of Israel's 3-day-old ground offensive in Gaza. Palestinian health officials say at least 65 people were killed as Israeli troops backed by tanks and warplanes battled Hamas militants in a crowded neighborhood of Gaza City.Thousands have fled the city and dozens of homes were damaged or destroyed. Palestinian health officials put the number of displaced at 35,000.>>
    GAZA CITY, Gaza Strip (AP) - It's the deadliest day yet of Israel's 3-day-old ground offensive in Gaza. Palestinian health officials say at least 65 people were killed as Israeli troops backed by tanks and warplanes battled Hamas militants in a crowded neighborhood of Gaza City.Thousands have fled the city and dozens of homes were damaged or destroyed. Palestinian health officials put the number of displaced at 35,000.>>
  • Feds: Man said he'd blow up London-to-LA plane

    Feds: Man said he'd blow up London-to-LA plane

    Thursday, July 17 2014 12:52 AM EDT2014-07-17 04:52:07 GMT
    LOS ANGELES (AP) - A federal criminal complaint says a passenger on a flight this week from London to Los Angeles threatened to kill flight attendants and blow up the plane.The FBI says 20-year-old Kevin Lee Mosele of Kihei, Hawaii, was charged Tuesday with interfering with a flight crew. He could get 20 years in federal prison if convicted.>>
    LOS ANGELES (AP) - A federal criminal complaint says a passenger on a flight this week from London to Los Angeles threatened to kill flight attendants and blow up the plane.The FBI says 20-year-old Kevin Lee Mosele of Kihei, Hawaii, was charged Tuesday with interfering with a flight crew. He could get 20 years in federal prison if convicted.>>
  • Las Vegas doctor will help girl attacked by pit bull

    Las Vegas doctor will help girl attacked by pit bull

    Monday, June 23 2014 8:58 PM EDT2014-06-24 00:58:54 GMT
    JACKSON, Miss. - A Las Vegas doctor deeply touched by the story of the little girl who was asked to leave KFC because of the scars on her face, has decided to pay it forward. Victoria Wilcher was the victim of a pit bull attack that left her with multiple scars all over her face and only one eye.>>
    JACKSON, Miss. - A Las Vegas doctor deeply touched by the story of the little girl who was asked to leave KFC because of the scars on her face, has decided to pay it forward. Victoria Wilcher was the victim of a pit bull attack that left her with multiple scars all over her face and only one eye.>>