How To Become The First Trillionaire!!
How do I become the first Trillionaire? Well probably not exactly the way you would think. One of the untapped riches is mining Asteroids. Yes you read correctly, Asteroids. The Asteroid mining race is on with several private companies vying for funding to become the first space miners.
The first asteroid company, Planetary Resources, was founded in 2012 by Diamandis, Chris Lewicki and others in Washington. The US company Deep Space Industries was set up by Rick Tumlinson, Stephen Cover and a host of others. A handful more firms have since been established, and while some are admittedly are less serious than others, the race to the riches of space is on.
A prototype of the Asteroid Redirect Mission robotic capture module system. (Courtesy: NASA)
HOW TO BE A TRILLIONAIRE: START A SPACE MINING COMPANY
Legally, nobody can own an asteroid, but the US Space Act of 2015 allows companies to own the materials they mine from bodies in space. Luxembourg passed similar laws last year and Hunter-Scullion tells me he is lobbying the UK government to follow suit. Graps is hopeful Latvia will join the party too. In fact, the country that gets the laws right might just win the most lucrative business in space. After all, if your space-mining company is making billions in space, the money will, in for the foreseeable future, be spent on Earth.
There are fabulously wealthy and intelligent people who claim that they will become trillionaires from asteroid mining. Personally, I find it easier to imagine the tidal wave as their asteroid splashes down into the ocean, and the price of platinum dropping through the floor as it becomes suddenly and abundantly available. A future where the metals, rock and water that we mine in space are used in space feels more achievable. Whether that happens soon enough to make the investors of today rich is, I imagine, their big gamble. I’m convinced that asteroid mining will take place in our lifetime and my top tip on how to become a space trillionaire. “It’s relatively easy. “You start with earning you first billion.”