Who Wants To Be A Trillionaire? | GIANT LEAP Ep. 4

Who Wants To Be A Trillionaire? | GIANT LEAP Ep. 4

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I. Earn. Gold. Copper. Minerals. Are the lifeblood of the world's economy from. The Arctic Circle to the Sahara Desert the, 1.7. Trillion, dollar mining, industry, supplies, raw materials, needed for everything, from, skyscrapers to, smartphones, but. Mining also comes with an increasingly, critical, environmental. Cost one. That may require us to think about off-planet solutions, before. It's too late. Asteroids. Moons and planets in, our own solar system hold. An essentially, unlimited supply. Of untapped, resources. The. First trillionaires. Will. Be those who mine, asteroids. Resources. Like gold platinum, and rare earth metals, make, some of those asteroids, incredibly. High-priced, but. The most valuable elements, may be our most basic one what, you want to mine and space is what you need a lot of and while. Humans have been mining for thousands, of years mining. In space requires, new innovative, technologies, to realize any potential, business and economic, opportunities. Such. Technologies, might just allow humanity, to expand, operations off earth and take, that next giant, leap. These. Tiny, dots represent. The millions of asteroids in our solar system. Over. The past two decades government, and private aerospace companies, have been investigating. Their composition. Location. And even, possible, payoffs to mine them. This. One known, as Venu has an estimated, value of 669. Million, dollars. Ryu, gu eighty two billion dollars, better. Yet an asteroid. Called dabba de which, is valued at more than a hundred trillion, dollars, and the. Reason for these high price tags they're, made up of valuable, metals like platinum gold. And iron, we believe that asteroids. Have platinum. Group metals rare. Earth metals in high, percentages, and you might find on the moon for instance, only. Once in human history has an asteroid sample been brought back to earth on, the, Japan aerospace exploration. Agency's. Hayabusa. Mission in 2010. And even. Then the returned sample, was merely dust particles, and the. Total cost of that mission, approximately. 250, million dollars. One. Problem is that. Compared. To the moon there's. Very little gravity so. Somehow you have to attach yourself to the asteroid. Whereas, on the moon the, gravity will hold your processing. Equipment in place so. The. General answer to the question, can. We bring, materials. Mined in space back to earth and the general answer is no. Bringing. Things from space, to, earth only. Makes, sense if what, is retrieved, is so extraordinarily. Valuable. And, just. Not available on earth and even. Returning, the most valuable asteroids, could, drastically devalue, those materials. Take. Asteroid, 16, psyche, for instance NASA, is constructing, a probe to launch in 2022. To, study the potato shaped objects, which, is roughly 95%, metals. Nickel. Iron platinum. And even, gold, some. Estimates, value the asteroid at 700. Quintillion. Dollars. NASA. Says, it may be the inner core of a developing, planet that, somehow lost its outer layers offering. Incredible insight, into how, planets, are formed if, someone. Did manage to bring large amounts of this asteroid, back to earth supply. Of the resources would skyrocket, meaning. We'd have more of the material than we would have a use for causing. The price to, crash to almost zero. Once. We around the rarity. Of a high-value metal. Or mineral the. Value, of that terrestrially. Could drop significantly, experts. Agree that a more likely scenario is materials. Mined in space will stay in space jump. Starting, a whole new money-making, industry. Any. Spacefaring. Nation, will. Have looked, at what's called in situ, resource utilization which. Is a very common space, term meaning. You. Use the resources where you are so taking that model of. If. You need it in space mining in space what, would you be mining mostly.

You Need fuel. There's. Something else much more valuable for use in space that's, abundant, on earth. Water. Not. Only can water sustain, human and plant life for future manned space missions, the. Components, of water hydrogen. And oxygen, can also be separated and reassembled, to make fuel, the. Zero emission fuel, called, hydrogen, fuel is the same used in spacecraft, propulsion and, fuel, cell vehicles. Hydrogen. Fuel research in this new space race could also spur new technologies. That can help fight climate change by speeding, the elimination, of fossil fuel use on earth and, there's. Already a high demand for it and an. Immediate business opportunity, for, risk tolerant, companies, wishing, to make a fortune. In. A 2018, paper by industry, government and academic, experts they. Estimated, that for an initial four billion dollar investment in a moon water mining, operation, which, is about the cost of a luxury hotel in Las Vegas about. 2.4, billion dollars, in revenue could be generated, annually, the, sort of business case 101 from, mining in space is if, you're going to launch something from Earth it's going to cost you about, 10. Or 20,000, dollars. Per kilo to get into space so, if you need water for something in. Space and. You can produce it for less than ten thousand dollars a kilo then. Do. It in space. Do. United Launch Alliance ula, they, have put a price on water in space, they have said we'll give you this amount of money from the water which means people, who are going out and trying to produce. That, water now have. A, customer. In. 2016. The ula announced, is willing to pay around three thousand, dollars per kilogram for. Talent in an orbit less than 2,000, kilometers in altitude called. Low-earth, orbit, compared. With the estimated, price of $4,000. Per kilogram to deliver the propellant, from Earth most. Experts, believe the moon is a logical, starting point for this it, has more gravity, than an asteroid, making, it easier to land and its poles are thought to hold vast amounts, of water ice that. Potential. Volume of water has, made it the focus of NASA's Artemis, program which aims to land astronauts, on the moon's southern, Pole and also, make the space agency, a critical, first customer, for any water harvested. On the moon China India, Israel. The. US Europe. Everyone. Is now sort of focusing on the way and. All of these government, programs are looking to set up shop for, a water mining, future, a, fueling. Station on the moon could ultimately make current space ventures much, cheaper, and make future space missions possible. Although entirely, theoretical, at this point here's how it could play out water. Is mined on the moon and a fueling station, is set up this, would provide the first customers, most likely government agencies, with water for human consumption, and fuel, for spacecraft water.

Derived, Fuel could also be harvested, on an asteroid, vehicles. Or propellant, transports, then carry the fuel from the surfaces, to a stable storage point between the earth and the moon fueling. Stations, can also be set up in low-earth orbit, making it accessible, to satellites, and other spacecraft as, of, now satellites. That run out of fuel are decommissioned, extra, fuel would allow them to stay in their orbits increasing. Their lifespan. Since. Using a rocket to get fuel out of Earth's atmosphere is expensive, refueling. In low-earth orbit can greatly improve the size type. And cost of missions in space the, commercial, launch industry, like SpaceX, would also benefit, from these fuel depots, the. Use of lunar base propellant, and commodities, may also provide a stepping-stone for interplanetary, exploration. But. While there has been a renewed interest in the moon it, hasn't been easy in just. 2019, missions. To the moon sir by both India, and Israel resulted. In landing failures, and the, technology, to mine and extract these potential, water reserves, on the moon and beyond is still unproven but some, entrepreneurs, are still optimistic. The. Answer is yes the, technology, exists, we, can put something together we, can send something to the moon that. Can mine water. So, we we are sort of like a trailblazers, trying to figure out what's going on in the moon what's, below the surface me, honeybee, robotics they. Designed drills used in NASA's past Mars missions, and have, sampling, and mining systems going, on future planned missions to the moon Saturn's. Moon Titan Mars. Moon Phobos and, Jupiter's, moon Europa, we've. Been focusing, on developing, high-end, fully autonomous, trading systems from. Literally iPhone, size all. The way to the size that cannot, fit inside this vacuum chamber behind me and. That's. Why NASA has long relied on their expertise, unlike. Your everyday drill, from the hardware store their, drills overcome, the numerous limitations, of space which, include extreme temperatures, and low gravity that, means, you, have to be very. Very, imaginative. Very innovative to, solve these problems. You essentially trying to do what we do here in the earth but, with a fraction, of the power with. A fraction, of a mass with. A fraction of the volume and. Drilling. Is unforgiving. If, you get stuck if. Something, goes wrong there. Is no second chance, the. Difficulty, in drilling would delay placement, of the second probe until the next day one. Of their innovative ideas called planet vac uses. Compressed gas to shoot material, into a sample container it's. Ergonomic, design allows, it to be inside the foot of a lander, and. Was chosen to go with NASA funded payloads, to the Moon and Mars moon. Phobos. For. Mining and extracting, water on the moon they created, the planetary, volatiles, extractor. Or P vex and it, not only drills, it, mines. It's. Based off a drill that removes a cylinder, of material, called a coring, drill but it's not just any coring, drill it's a it's a system, with heaters on the inside, so. You drill down the required depth you heat up the material. That's, on the inside of, a coring drill and ice. Turns, into vapor and vapor, moves up the coring drill into a cold finger so, you're capturing, what a vapor like for, example in your freezer when you have condensation give X is a mining system it can actually get into. The soil it, can actually extract water, you, can actually capture this water in, a separate container we have all the pieces together, and. We can go to, the Moon or Mars and mine, it, when. It's tested on the moon which may happen in the next couple of years P vex will be the first end-to-end, mining, system deployed, in space and they, have even, more futuristic, ambitions. To use the P vex drill. Like. This one that not only extracts. And stores water but, uses it to propel itself like, a flying kettle. Wine. Or extend, support but Walt is not enough. It's a James Bond stuff it's very futuristic. It's, a new concept of space exploration the. Main idea is to send hundreds, of low-cost, wine spacecrafts. All over, the solar system to, give a clear atlas, of asteroids, that have water resources. Honeybee. Robotics is, one of the many startups, that NASA is depending, on to, develop new innovative, ideas there. Is a strong. Strong private. Public. Partnership. With NASA right now to. Come up with lenders. But we can send twice a year but, we'll put payloads, to them on payloads, like instruments, lagravis.

And Also humans we're, doing it it's, happening right now very. Very exciting, times. By. Giving out multiple, contracts, NASA reduces, the cost for themselves and the entire industry, we. Want to have numerous providers, that, are competing, against each other on cost. And innovation, driving. Down the cost and increasing, access to space and, industrializing. Star, top trans Astra, with a new infusion of 2 million dollars from NASA has, teamed up with other space startups, and educational. Institutions to, prove, its process, for harvesting, and utilizing. Water from asteroids, without, even, touching them, optical. Mining is our patent-pending, process. For, using highly, concentrated sunlight, or, light from another source to excavate, the surface without. Having to use digging, tools to dig into it and this. Is very, important, in space especially, for asteroids to. Help develop, and previous, technology, they've, teamed up with the Colorado School of Mines, it's, known as an optical mining, testbed. First. They put the simulated, asteroid in a vacuum chamber to recreate, the conditions of, space. Then. They, use liquid nitrogen to, cool a surface, inside the tank called, a cryo trap then, they turn on a giant, light bulbs, which imitate sunlight, that they then concentrate. Into a beam resulting. In very high temperatures. The, beam of light hits the asteroid target, fractures, a sample, and then water and other materials, are released and frozen, onto the cryo trap the. Volatile, materials, were to include water, methane. Carbon dioxide, other, valuable. Materials, that are common. And cheap here on the ground but, very valuable in space, trapped, on our cryo travela that's pretty nice the. Same way that we would trap. Those chemicals, in space for a real asteroid, mining emission. Optical. Mining, bypass, is a daunting task of trying to land on an object, with such low gravity that, it could simply break apart when touched and there's, no drill to potentially, get stuck but, for this to work they're targeting smaller asteroids, the size of a beach ball for, their take demonstrator, model, with, plans to accommodate rocks, the, size of a cubic tennis court and bigger in future. Models. We. Think the right thing to do is, to rendezvous with the asteroid match. Rotation, with it, put. A thin film bag around it cinch that back down and, then D spin the asteroid, and, now you have the asteroid in a container, so, you can work with it in a practical way. Trane's. Astra believes that harvesting, water on asteroids, will not only make space travel more affordable, for private, industry, but it will make nasa's, proposed missions to take astronauts, to the moon Mars. And even asteroids, possible, within, a budget that, the US Congress may be willing to provide we. Can cut out hundreds. Of billions of dollars and actually, make it possible for, NASA, to do all those exciting missions, in the period of just 20 years or so. By. Harnessing the asteroids, now what's really, cool about it is that, by, using public-private, partnership, and working with companies like trans, Astra the. Infrastructure. For, space resource, harvesting, and commercial. Transport, in space can be developed, so by, NASA doing, it this way and NASA becoming, the first user of these resources and this, infrastructure, for, its exploration, missions then, that infrastructure, is left behind, for. Industry, and, that can create massive, industries. In space like. It even becomes cost-effective, to build a space hotel, trans. Astra, and partner momentous, will be on a two-year contract with NASA to, build that asteroid, mining and in space transportation, prototype. Called mini be to, provide optical, mining in space we. Live in a very exciting, time where. We're going to be able to take that to space and the, resources, of pace are literally, unlimited. And. Those unlimited. Resources, are what some universities. Are betting, on at, the Colorado, School of Mines where trans Astro does its optical mining research they, now offer a graduate, degree in space, resources. Our. Space, resources, program is the first of its kind in the world, there. Is, anticipated. To be a growing, number.

Of Jobs. Directly, in space resources. But. The the skills and practices, of space resources can be applied to lots, of other things and a huge benefit, to space mining, research is that a lot of this technology can be beneficial, here, on earth. Like. Their 3d printer, that uses materials, on the Moon or Mars to, make structures, and is, modeled after startup. Icons, 3d, printer, that is used to make homes on Earth. Their. Penetrator. Is a tool on the end of a robotic arm that's, being developed to, take measurements, on the moon that, has applications. For mining, companies, and even a rover in a lunar test bed that can drill and prospect, for resources has its benefits there, are places. On earth where mining. Companies and equipment, manufacturers. Are looking, at applying smart, robotic, systems in terrestrial. Mines they, could go into places that are not safe for humans. They. Could, work in much more confined. Toxic. Environments, then, a person could and one, country is doing just that and hopes, to leverage, their expertise, in robotic, systems for, mining remote inhospitable, locations. That are all most mars-like. Recently. The administrator. Of NASA when, the head of the Australian Space Agency, visited. Was. Saying that. The u.s. is looking to Australia, to, be doing development. In this area of extracting. Resources in, space one, of the reasons why we in Australia want, to get into this area is. Because of the strength of our mining industry and the strength of our mining automation, and the strength of our mining research we. See it as a way that Australia. Can establish a niche space, capability. Australia's. High wages of course some of the largest mining operations, in the world to, seek cost savings by using automation. Rio. Tinto the world's second largest mining, company has fitted operations, in Australia with. Fleets of autonomous, trucks drills. And even, the first driverless, freight train network, adapting. These technologies, could prove useful to space programs, and the use of space technology in mines such, as robotics would be useful on earth the, Australian, Centre for space engineering, research at the University, of New South Wales in Sydney was, founded, in 2010, and has, 15, PhD. Currentl, graduated, students, researching, space resource ventures, related. To Australia's, needs and expertise. What, we are trying to do at the moment is, to reduce the risk perceived, by. A large company, mining, company for instance. When. They approach this type of venture I think one of the main reasons, that terrestrial. Mining, companies should be looking at this problem is, that they will, benefit. Their, terrestrial operations. By learning some of these lessons so. If they look at the way that you need to automate on the moon that will help their terrestrial operation. If you look at the way you would analyze. Risk for, this type of mine they must learn new lessons which should hopefully flow. Back to, their risk, analysis, for terrestrial lines. Although. Mining, companies have terrestrial, mining expertise, and monetary, advantages, only, time will tell who. Will be the first to provide a fueling, station, in space in. Terms of making it happen I actually. Don't think it'll be a start-up I don't think it'll be a space agency and I don't think it'll be a mining company but, I think it will be a big company. Probably. Driven. By, a high net worth individual, a, company. Like Blue. Origin, SpaceX. A company. Like that not necessarily then but something, like that, proving. That this kind of mining is feasible could trigger an influx, of profit. Minded companies, migrating. Of the earth, just. One industry, that would stake a claim on, the vast wealth of space.

Not. Only is the universe a place for exploration the. Private companies it's a new resource the. Key which will unlock new, possibilities. In technology. Manufacturing. Living, and working both, at home and Beyond, Earth and all. Of this will be the result of our next giant, leap.

2019-10-31 04:15

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Very interesting documentary!

I disagree

Thank you Bloomberg

With a school of minds we an do anything.

I"m against large distribution from off planet resources to earth. There isn't a study that can proof off world elements wont harm our planet in the long run. Where no idiots we know what we want, to do so and bring back to earth would be crazy stupid to repeat history and wait the outcome.

This whole series so far tells us, that mankind will not better itself unless there's profits to be made to enrich a few individuals. Go capitalism!

Hmm too much supply of these rare metals, it will make it cheap and plentiful, making it a resource for everyone instead of something to make you rich

@mystix rever sorry, let me correct that

...why useless..?

trillionaire lol...thats when capitalism really dies.

19:01 No one can make a woman-driver joke on her.

Until we have lust greed nothing can full fill our holes....

Not me id love to shoot one though Lol big game hunting lol

Minecraft new update leaked????

What an awesome video. Thanks.

The future for human kind looks bright

The only way they will make profit here is if *The rocket payload of materials costs more than the rocket itself*

Every thing is possible just learn the art of Complete circuit program. Means send thousands of Seperate circuits in and keep assembling them together non-stop and a big-bigger-biggest platform keep getting re-built. Its easy to say hard to practise. Its like wire-less board of inbuilt circuits.

So they are building space fuel stations

We already have the tech to mine asteroids, all we need now is find a way to reduce cost to send it out there!

Mining in space ? Transgenderizm is overtaking the country much like communism, space is not a concern.

And how would that ruin our ability to mine in space?

I claim Mars as my property. I'm a trillionaire.

Thats Elons weedworld, sorry for that

what is the song at 13:20 ?

I can tell you many people in Crypto are already thinking about making a space company. Also the first Trillionaires will be The Winklevoss Twins from Facebook movie, who hold 200,000 Bitcoins also who created the Gemini Crypto exchange. When Bitcoin hits $10,000,000 next decade they will have $2,000,000,000,000.

I am just awe struck that bloomberg is talking about asteroid mining, its like sci fi came to life, I love it :) x

9:58: what the hell. Is that a PS4 controller lmao

Soon we'll have real "Belters", and then we can live the Expanse

@Bloombery: Please add _Giant Leap_ series to your *Created playlists* section

Welcome to Eve online.

How will they filter out the biological lifeforms frozen in outer-space? I would never drink unfiltered space water.

Want to drill an asteroid? Call Bruce Willlis

Some estimates say that Earth is valued at $5,000,000,000,000,000 (5 Quidrillion USD) Meanwhile, one certain asteroid alone is valued at $700,000,000,000,000,000,000 (700 Quintillion USD) *Woah...*

My thirst for this topic....and the lack of content

Pffft.... Quintillionaire here

Or mine Etherum

>>Why hasn't there been any research on space bulldozers that can actually push asteroids to stable Lagrangian points and building a shipping dock or floating boat platforms...

Who will get there first, Musk or Bezos I wonder?

Musk. Bezos stated he's going back to the Moon on his IG.

nasa needs ufo tech to get to the moon in less than 2 years because of to heavy Rockets

so nasa is a venture capitalists now!

yeah a trillioner would be the final nail in the capitalist coffin

Thank you, this is so informative and so well done and produced!

best thing for humanity to do is to forget about the nasa space bullshit and direct the money towards something useful space is the most ridiculous idea in human history

Want to be a trillionaires....become a Rothschilds.

Water mining can also help nuclear power to keep it cool and safe on the moon or mars. Nuclear power is the way to go until the bases can set up alternative power sources.

This seems like one of them videos where people in the future will laugh at us cause we were so wrong


that asteroid looks like a cake, lol

I dont think the Owner of those asteroids will let you even get close to them

100 years later we will have hundreds of space station. 10thousand of mining bot for resources. Our next home might not be in mars but in spaces and moon.

Well whoever get that asteroid can control the amount that get into circulation. Like diamonds ah, you just need to control the supply to the world

We need a star trekian approach to space exploration and resource utilization. We don't need the baggage of wealth inequality and greed to follow us into the new space age.

$50M /launch with 50t payload is $1,000/Kg. Are we there yet? Excellent series so far, and very interesting indeed.

out of the box

This is stupid getting to the astroid and mining/refining/transporting is going to cost Trillions of Dollars. And if demand is low and supply high then the price will drop. Substantially to keep the operation just barely running.

Outstanding video!

Honestly the economics might add up soon. say a rocket could take 70,000kg and you mine silver that sells for over $500 a kilo that's $35,000,000 in revenue. The price of silver would probably go down, but if a rocket got down to a few million per trip it could happen

it wouldn't be the first time humans travelled insane distances in search of silver and gold lol

We don’t even know what lies on, or beneath, Earth’s ocean floor. Fraction of the capital to explore our own planet than deal with the costs and uncertainty of speculating for minerals in outer space. Missed opportunity under our own noses.

This content is absolutely, downright, outstanding; it's educative, insightful, and overall magnificent. Bravo to the people who worked on these episodes! Bloomberg have been on FIRE with this series. ... I was in the middle of binge-watching when I realized Ep. 4 is currently the latest one. Now I'm sad.

Who wants to go mine in space

Keep bringing this stuff to US it’s absolutely fascinating thank you....

Trillionaires shouldn't exist.

mmmm radioactive water and metals.

I can already imagine the starship refueling on the moon

You can’t make the world a better place to live, yet you plan to make mars liveable. How strange and creepy is that!

We should be spending money, time and energy right here on earth trying to learn how to get along and then teaching each other to behave like mature, thoughtful, respectful people. We can rise above our animal nature and fulfil our destiny properly.

Getting Real Elite Dangerous vibes from mining asteroids

The Expanse Inc

Mining in space + manufacturing in space = Death star

Stoppt the Hydrogen propaganda. please. No demand. Norway; the number one EV country just cut of H after the first H station explotion.

This GIant Leap series is the best thing i have ever seen about the future of Space. Thank you Bloomberg like seriously...


Same here

Americans will still blame immigrants for taking their mining jobs!

Niel D Tyson wrong again.... the first trillionair will be the first Saudi oil czar that bought Bitcoin.. just sayin..

this series is GOLD!, thankyou bloomberg..

So if a rocket company brings down their launch costs low enough to mine an asteroid, they'll be printing money.

Space mining needs Water? we dont even know where it is available till now beyond earth,they found someonthe moon, thats it, why not solar energy or does the budget have to go up so the Trillionaires can be skimmed of some 100 billion $ looking for water? I am guessing the trillionaires will be really stupid,no?

I'm back!

Elon and Bezo have the odds in their favor

12:13 those look like viruses

This series needs more views

Fuck capitalism. we can make all this and more without an excuse for money-making.

Loving this series, give us more!

Why not go nuclear fusion?

Sitting here in my 30's praying Mars bases, going to another exoplanet, SCI-FI scale spaceships etc. will be a reality. Please live long and prosper

shivers man

Sensational Series!

I thought Facebook and Amazon fulfillment centers were the lifeblood of the world's economy rather than minerals.

Shame the current wealth from extracting these natural resources doesn’t go to the actual countries it resides in.

All of these ideas are fantastic, no doubt about that. Just a few questions. Question 1, the moon has an effect on the earth that we all know. What impact will us mining the moon have on the integrity of the moon due to the reduction in mass and its effect on the earth? Question 2, the last major extinction was caused by an asteroid, mining asteroids could change its orbit which could lead to the end of mankind.

Let's go to the sun and mine gold!

Yeah, that's a great idea! Mine the Earth until everything is polluted then go and pollute Outerspace, lol. Fucking Humans.

Astroid mining rush . Let's pack and go. $$$

The first organization/country to do this successfully will cause A runaway Inflation similar to what Spain experienced when it took possession of the silver mountain in Peru.

They're minerals Marie!

One issue! The subtitles constantly say 'Colorado School of Minds' instead of 'Mines'!

Why bring resursces from space to earth? Get people to resursces into space! Even with unlimited resources earth cannot sustain more than 1 trillion humans, but the solar system can accommodate a trillions of billions.

Lol, we are far from a trillion, so Even if as You Say earth would support a trillion people we have a long way to go

I hope we get a move on! I only got this lifetime so I’d like see some cool stuff in my life and die knowing some will leave and live and work off earth in a variety of ways!


The 1 trillion number is false. They don't consider competition, supply and demand. The more they mine the lower the cost. The more competition in space mining then the lower the cost.

Soundtrack used around 8:00 minute mark?

EVE online IRL

2:07 Iron? Valuable? Really?

When space travel becomes possible all you flat earthers can stick your asses on Earth!

Man I need to eat a lot of almonds.

I'm a newcomer to Bloomberg, this series brought me here and haven't been disappointed. In an age where bad news sells, it's refreshing and inspiring to see such amazing things on the horizon, things to look forward to and be excited for. Brilliant series Bloomberg, I hope this, or more like it continue!

Love this series

pffffffff lies, cartoons, cgi, bullshit

More Engineers & Scientists needed. To figure out this minding job.

where can I get loan-guarantee-document to build my asteroid-mining myself or maybe moon-mining first?



The rich will get richer. They are the only ones who have the resources to establish such a foundation and mine deep space.

Not a single word about Deep Space Industries or Planetary Resources.

Who can own the moon?

Fake news

The first trillionaires are going to be those early adopters of cryptocurrency.... specifically BTC & XRP

Don't we have to get there first? just a question.

Simply attach a rocket to the asteroid and have it enter the Earth's atmosphere at a low angle and crash it into Antarctica. Then simply remove tonnes of it and ship it to processing facilities.


Excellent series. Keep 'em coming!

Be the first rock hopper crew out of ceres? Ya beltalowda.

look at the diamond industry and you know why their price ain't going down.

Dream big they said.

The question is how are you going to bring whatever you mine back to earth?

Ottee2 In situ is a Latin phrase that translates literally to "on site" or "in position." It can mean "locally", "on site", "on the premises", or "in place" to describe where an event takes place and is used in many different contexts.

Does the term 'in situ' mean anything to you?

So lame.

The fact that the US allows billionaires, is profoundly immoral. And here Bloomberg is pushing trillionaires. But I do like the idea.

The only truly scarce resource in the known universe is human time and bitcoin.

And until we master mining the asteroids we may have to go back to live simple - off the gridd - recycling what we already have and stopping the mining NOW so we can survive- because as part of the organic life - humans needs clean water & organic food -NOT MINES- only the robots will survive if we continue mining



MBS controls and manages the funds of the Al Saud Family/Saudi Aramco, meaning that he has buying power of 2 trillion dollars.

8:44 When you realize you forgot your headphones home and now have to listen to office chatter for today's shift.

Why not use the moon as a storage site for mined materials from astroids before bringing to market? Or crash the rocks on the moon after you capture them and work on the astroids on the moon. Duhhh

Then there would be too much supply and the price would drop

yisus crist this is exciting

Basic economics: *_"no"_*

Fuck everything they are talking about when mentioning metals in asteroids. They are really searching for WATER. Metals and minerals are just a bonus. Earth will be experiencing severe droughts within the next 50 years.

In an infinite universe scarcity is a myth. Only thing in short supply is human ambitions.

Moon landing is a hoax how you land it in the 1960’s but fail in 2019

I reaally like this series.

I’ll be the CEO

Looks like a job for me!!

This is the first Topic that my friend take out for sumary

All of space is fake

100 trillion dollars - Tax= 1billion dollars

Asteroids too are limited in supply and access you see

I've been on this ride since the late '70s, in part due to stuff written in the '60s. Nice to see the rest of the world finally starting to take it seriously. Three words to say, really: "ABOUT TIME!"

u cant send humans for mining in space send Ai powered robots to mine

why don't we just wait in our orbit with a smart rocket and the with a satelit go 4 the goods on jumping asteroid


Future is cosmic ..... And musk will come up with a plan .... LoL from Delhi

Nice series. But they need to stop talking and send it already. People aren't on board so put them in space already! Yep some will fail so what. Learn and go again. Engineering down a rabbit hole on earth accomplishes nothing. They are failing because they are afraid to fail... SMH

Hi my name is gary.. ill bring one down ti earth.. it will be my pleasure

How do we do all this with out destroying earth with all those fuel efficient rockets we have today

Unless governments aren’t actually worried about climate change

Murcia knows it needs to pull resources from out side of earth due to resources will run out one day. And will need a space force to protect those resources.

The last thing this country needs (or wants) is a Trillionaire let alone any more Billionaires.

I would love to see my kids going in to this field. Since It even could some day make silver wiring practical at large scale like motors,etc.

loved this series

One of the pieces of sci-fi I have read on this spun an asteroid to generate gravity then heating it with concentrated solar. The separation process is simplified. The trick is to position yourself as a primary operator in the field as commodity prices will drop precipitously based on quantity inclusion into an as to present fixed amount market. Imagine when someone finds a gigaton of gold?


No Doubt blue origin and SpaceX will take over

Sooo...even MORE space junk then?


Very nice series!!!

Loved this video! Fyi - I have a spooky video scheduled for Halloween... the actual, physical reason, why time slows down at the speed of light...Stay tuned!!


Who else thought it was a bunch of nugs

Fake space propaganda.

I don't get it.. Why do ordinary people so excitedly expect to get jackshit from it? Did publics receive anything from the so-called "Giving Pledge" yet? Even in times when funding is urgent as hell?

In my country Brazil, Lula Inácio a ex president was Discovery he has 1 trillion and 500 billion of EURO , if you are THIEFT, YOU CAN BE TRILLIONARE TOO.

If we can mining, on the asteroid. We wouldn't mining. Because we have an high technology. That day

Are these people advocating the jackassery of artificial scarcity? Wtf?

.... there is plenty of precious metals and minerals in space, but let the people suffer and keep the inflated price of this to extort humanity? Can't even...

21:22 one of the best views of a rocket.

They make a huge mistake in their calculation. If they brought so much of those materials then tthey'd be worth alot less. Supply would be higher than demand, or are we going to build houses of solid gold and platinum.

May the Science be with You didn’t they mention this in the video?

Meanwhile there are people who can’t pay to survive

Meanwhile there are people who won't pay you enough to survive

Biggest troll: finding a 100 trillion valued asteroid to fin out it’s just rock

1 trillion is enough to fix climate change (400 billion is the nessary amount to stop it right now)

But!, the more we discover, the less the rare earth metals are worth

Or discover new minerals that can be useful but rare in the Galaxy who knows?

If I could super like that video I would ! Awesome video and yet so frustrating that humain are still not there yet


You do actually exist! :) Cheers.

Asteroids will probably have more than just precious metal...

long rope, hammer, diamond tip screwdriver, bucket

Yea i know it will be made with machine, but can you imagine how cool it would be being an asteroid's miner

Its hard to believe that many countries are trying to go back to the moon and yet NASA said human went their six times. That’s why many conspiracy theories out there believe that human never made it to the moon.

1st trillionaires will be from the stock market. By the time space mining is cost effective, you'll see trillionaires from the stock market already. Sure space will give rise to trillionaires but not the 1st ones.

Cynical as it is, that's human nature and history summed up for you

with it the reason to innovate. Which isn't gonna happen. You clearly don't understand humans. We say something but we want something else.

@Taylor N

Officer: Do you know why I pulled you over? Blonde: Because I was driving recklessly? Officer: Actually, I pulled you over for public indecency. Your wide ride is distracting the traffic.

the cost to get that stuff will always be higher than what it is worth. To make it profitable, those materials would need to be sold at a higher price, but bringing bunch of stuff would increase the supply and thus drop prices. You could only justify it if it were a substance that doesn't exist on earth.

Aliens prequel

While we know perhaps a lot about macro Astro mechanics r.e. effect on the Earths orbit, micro Astro mechanics ...with a view to Earths orbit may be a problem as well with respect to near Earth asteroids with their astounding orbits.

Yea this is something our grand children will do not us . It will probably take at least 50 years before we mine moving asteroids right now lets be happy if we even get to see a Rocket go to mars in our life time

What is the effect on the Earth of removing mass from the Moon ? The change in tidal force and the subsequent effect on the planet could far out weigh the benefit in resources. Place a base on the Moon and mine asteroids to a fair high gain without jeopardising the Mother of all habitats.

I do wonder, why Google pixel 4 added Astrophotography!!! They want us to take photos of Galaxies and send them to analyze!!!

Congratulations for future destruction of other planets and moon. Just like earth .

Your wasting your time invest in Africa it’s easier and all the minerals are their

i live happily with only 10 buck on my pocket, why need a trillion?...very sad, a trillions still not enough to make you happy????? better you go to sun and drill on it, hopefuly you found tons of core or stay on it or get burn

just go to moon, a lot of astroid destroyed on in...and now we ll see polutan full moon

I love her voice who is she?

Is she american or britsh accent when she speaks?

Wow this is fascinating. More of this, please.

Then the value of money will be lost

India didn't fail but learnt something so that it will succeed soon...

In many cases its not the mining. .. Its the processing of the minerals thats the problem. . By the time we're technical enough to mine out of space body's AI and the Singularity will be here and there be no need for such stone age Practices. ..


We already have trillionaires. Look at the high elites, owners of central banks, 13 families for example.

lol. The first part was about making profit in space from valuable metals. Then mention of an asteroid worth 80 Quintillion dollars. Oh no! Too much profit! All the metals will become devalued! Hey... Let's mine water in space rather. Reminds me of the story of Aluminium. At first more valuable than gold. Those with vested interests feared cheap Aluminium. Now it's much cheaper. But can anybody honestly say that cheaper Aluminium has not tremendously benefited humanity and economies across the world? This while mining rare metals terrestrially often just causes us more problems. Socially, ecologically. Even economically in the form of inequality, diplomatic tension and even armed strife. Now we make boats and window frames out of Aluminium. Comparatively ignoble to say the least. And this is better for everybody. I dare say window frames made out of Platinum or gold would be rather desirable. They would last practically forever. Almost entirely resistant to corrosion. At some point in the future things will change. I bet there are a myriad of applications for relatively cheap Noble metals which could revolutionise almost everything. The question should be: If we spend $5trillion bringing back $80quintillion dollars worth of metal then couldn't that possibly unlock $100trillion worth of economic activity or more? The answer is probably a yes.

just bring the whole asteroid to earth

Being a "Trillionaire" won't matter much if Venezuelan-like hyper-inflation hits the U.S. and makes a billion dollars worth just a few hundred dollars in today's value.

Watched to the end.

Me me me pick me!

Fantastic series Bloomberg!

Why dont us gov and nasa fix flint michigan water first! Fix water problems around earth, yet all these governments spend billions to capture a few oz of water from space.

Instead of bringing the asteroids to earth bring them to the moon


Why not just Hire Bruce Willis to drill if its sucha problem

It’s difficult to listen to you because of how you pronounce your “S” it’s too hard to listen to.

I quite enjoyed this series. It is very informative, well-produced, and engaging.

14:49 they can try wavesound mining(i know in vacum no sound propagation) but for tiny asteroid can work if put them in a big spaceship. I say that because frecuency and vibration is high eficency to brock things.

It's extremely stupid to bring stuff from space to earth - In space they are much more valuable, you can build stuff with them without sending valuables spaceships to the space.

*Billionaires should not exist*

*Capitalism is the core of evilness*

Once you bring back a million tons of gold the price will fall to twenty five cents per pound. That happened to Spain when they brought back tons of silver from the New World.

'very common space term'...

Keep them coming Bloomberg! Just shared this to all my friends

Ww 3

Wouldn’t such mining crash the value of these elements by disrupting the supply? It is because of this I doubt the current powers in possession of these elements will allow the retrieval of more of these elements from space in a manner which would affect their holdings.

Allowing corporations to exploit space is the new greatest failing of our species.

Need to get a NASA contract.

Absolutely amazing video

so were just going to destroy the moon now? when did we decide that?


suckered in by the title... oh its bloomberg... why am i not surprised... wasted 49 secs... bye you bastard

Wait is that dual shock 4?

These minerals are expensive because of the rarity of them, once mining gets going the prices will come down significantly

So this is how my parents were shocked by internet

Already spoke to a specialist working for a laser space tech company and he asteroid mining is not profitable or in demand, if it were this easy to become a trillionaire then anyone would be doing this.

Sounds more like "...... want to make a trillion dollars? Spend 10 trillion dollars. "

Money is just a voucher printed with 1 trillion number or even more, it used to exchange resources. Who knows you may end up giving 100 trillion dollar notes to get a piece of bread. For example: 1000 years ago, a piece of bread cost $ 0.000000000001, now you will buying the same bread for $ 5. (same bread you are getting)

Great fucking video.

Money Money Money, what the fuck these scientists doing. Still half of the planet is hungry, global warming, exploiting all resources on earth every possible way. All species are in danger due to human activities. They think they are solving the problem on earth, but in fact, they are the ones creating big issues on the earth.

11:11 Space mining budget seems tight: no more funding for a $1.25 container, they had to use a $0.008 sandwich bag

Brilliant. Thank you President Trump for finally turning NASA around. Keep America Great and World Leaders in Space.

Your bloomberg page sucks.. the page keeps refreshing.. Who the f$$$ made it that way?

So humans destroying the earth and now they want to destroy space, come on enough is enough. We don’t need fuel station in space. Leave space alone

Could you please share with us the tittle of the academic paper talking about water mining? Thanks in advance!

This is frankly grotesque.

and also that nasa liar scientist, what ever he's called... There are trillionaires already, dont cover for them...

sorry to inform you dont need asteroids to become a trillionaire :|

In spite of spending billions of dollars on military, spent that amount to the space exploration definitely we will achieve our goals so early..

I am gonna do this in 2033!! Mark This Comment

All this to extract mere ounces... Not even a mention of how to scale up to viable useable quantities. Space X starship fuel capacity is 1,200 metric tons... Off world mining of water for fuel in useable quantities is a long way off.

Wrong. The 1st Trillionaires will be bitcoin holders.....

We don't need more mining, we need less people and there will be enough here for everyone.... The overpopulation issue will destroy the planet so any tech to keep population growing further will just make the problem happen a bit later.

Drastically devaluing materials IS THE KEY. Aluminum has been far more valuable to humanity affordable than it was expensive, now think of the gold and platinum group metals that are inside your electronics, now think of what else you can use those for.

Mining water lol . Love my earth

Cost of 1 KG is between 10 to 20k USD... SpaceX does it for less than 5k, get with reality, bloomberg. "Falcon 9 can lift 13,150 kg for $61 Million in 2014 or $4640 per kilo. The Falcon Heavy is expected to have it's first launch in 2016 with the ability to muscle 53,000 kg to LEO for $90 Million or $1700 per kg!"

Lol yo, who here wants to partner to start an asteroid mining LLC?

Mining and manufacturing in space will be the next industrial revolution!

Beautiful series. More of this

Neil Degrasse has become an expert idiot and typical American that just wants fame and fortune!! He's another Dr Phil

I'm old enough to remember when the BBC could produce science documentaries of this quality. Thank you, Bloomberg.

I wish the media wouldn’t be sharing these secrets with everyone. This isn’t something people need to know. There’s enough wealth on this planet already.


Just been thinking: If you are gonna be mining in space, it has got to be more economical than to mine on Earth. The large supply of materials off-world will also drive the cost down. So... why would it be ble to make trillionnaires?


Maybe in the future there will be an space clinic to help people who believe that there is an flat earth. Oh wait, they will say that their trip was an cgi animation..

Would be awesome if we would only mine on other planets in the future. Of course I will be an huge investment at first, but at the point where you don't need to ships so much materials to those planets anymore and can produce everything you need on that other planet or Astroid or moon, you only have to bring it mack to earth. And that would be probably easy and cheap when there isn't to much gravity on that other planet or from an astroid.

this made me think of borderlands

mine asteroids and buy bitcoin

fantastic mini series , very much looking forward to more . new subscriber because of this

What if we bring small asteriods back to earth?

Space mining is a big scam nothing else.

If recourses in space are unlimited then as soon as mining and competition starts prices will drop to zero, Right? So if these companies are looking for profit, then why are they doing it? Am I missing something here?

4:00 just do like the diamond industry did, keep it all locked up and sell little bits of it for exponentially more than it's worth

I wonder what a flat earther have to say about NASA on this one.

bloomberg come on mining commodity prices would just collapse with that amount of supply

Stupid people will get more gold to put in the closet instead of metals we need for like solor panals

we can use that asteroid for human exploration and costruction , not to be a trillioner

I got a better idea, just mine bitcoin.

A1 production quality. I also really enjoy listening to the narrator. For a video about space development, the voice she's using is great because it sounds both intelligent and smooth at the same time.

“Zero emission fuel” .... shudders....

The problem is you are always thinking about money and not about helping humanity first.

EVE Online much?

Now I know what Elon's space X is really doing in space

Pretty cool, but kinda weird to think that it won't be too much longer before you are outside at night and look at the moon and it won't be that mysterious pretty thing you used to gaze at. It will be a mine and a city. Once established their will be constant trips back and fourth. Oh well, thats life, things change.

Not that easy ferguson ! Radiation also space dirt/ grease still the biggest problem

Oh gosh, are we done with the series already?

this series is made so well

I have no interest in being trillionaire, i only wish to be millionaire, multi millionaire, wish i would win lottery.

YouTube used to have two types of learning videos, ones that were boring and totally bs and ones that were boring but accurate. Here come Bloomberg with a semi boring video with semi true facts. Water is not a fuel guys, this is just stupid.

What why to mine water when they can evaporate with laser and store in container then pressurized It .. no need of driller . I GUESS THERE IS LESS PRESSURE ON MOON SO WATER BOILING POINT IS LESS

I will be the richest person by 2041!

the USA must used alien back in the 1950s, because how the fuck can those people successfully landed while the people today failed.


Meanwhile, the Rothschilds are laughing their asses off at this video with their trillions...

Use lighter than air balloons to bring materials into lower earth orbit. Burn gas in bags as well as fuel to launch rest of way into orbit. Deliver goods and parachute down. Count money..

They’re not going to find Bitcoin floating around in space

Inspiring... this series serves as a primer on the promise of extraterrestrial extractive resource business in space. My concern, however, is if necessary profitability in the initial short-term horizon (due to massive start-up/set-up overhead) leads to devastating but ultimately avoidable environmental damage to the celestial bodies we chose to use,

I want to mine asteroids more than anything. Not even for myself, ill go mine for a company idc. Sign me up lol

LoL “before it’s too late”

Age of Earth : 7 billion years Age of plant life : 4,100 Million years Age of Mammals :220 Million years Age of Modern Humans : *300 years* also the Modern Humans : making sure earth does not last 500 years more. Question Modern Humans ask: *who Wants to Be a Trillionaire ?* UNIVERS : *...silently laughs....*

Woohoo capitalism!

CAPITALISM DIVIDES AND DENIES EVERYONE WORTH AS TO ONE ANOTHER'S WELL-BEING! And you still want to play MONOPOLY? Its the well-being of one another that's TRUELY of worth! MONOPOLY money is make-believe worth! They who trust in a lie are betrayed already!

@Nikole Knight reality

What type of drugs are you on?

All fun and games until your outer space hotel gets raided by space pirates.

Red faction here we come

At some point if there is so much stuff on this asteroids won't it make the thing very cheap? If there is so much supply

0:43 stop fuckery, there is no astroid and the earth is covered by a dome.

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