The competition heats up: Another asteroid mining company will announce its plans tomorrow, Tuesday.
As I mentioned earlier today, it is important to maintain a skeptical attitude to each of these new commercial space companies, even as we cheer them on enthusiastically. For example, I am very curious how this company has come through with a “breakthrough process for manufacturing in space.” What could this be, and why has no one thought of it before?
And how do they know their process will work without testing it under real world conditions?
It is cool all these businesses are popping up, hopefully some will survive.
When they can get an engine of some type clamped to an asteroid and start thrusting it closer to Earth then and only then will I think they have a chance to mine in outer space.
Even if they try to capture an near Earth asteroid they will need a way to drive it into an eventual Earth or Lunar orbit.