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Space Mining’s Best Prospect Is VC Money, Not Asteroid Gold
Despite entrepreneurs’ hopes, the technical challenges and huge costs mean no one will be retrieving ore from the heavens anytime soon.
09 Dec 2023, 09:58 PM IST ![NDTV Profit](/icons/feather-without-circle.svg)
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![Fragments of Piguem Nonralta at Matt Gialich’s office in Pasadena. Photographer: Damien Maloney for Bloomberg Businessweek](https://media.assettype.com/bloombergquint%2F2023-12%2Fd8422ca8-8cc5-43b8-b1eb-107467aa96f8%2F_1x_1.jpg?auto=format%2Ccompress&w=200)
Fragments of Piguem Nonralta at Matt Gialich’s office in Pasadena. Photographer: Damien Maloney for Bloomberg Businessweek
(Bloomberg Businessweek) -- A small slice of Piguem Nonralta sits on Matt Gialich’s desk. The metallic ball, roughly the size of a doughnut hole, was discovered in Argentina in 1576 when Spanish colonizers went searching for iron ore and stumbled on the scattered remnants of a 4,000-year-old meteor shower. Piguem Nonralta, the name the Indigenous population gave to the asteroid craters, roughly translates to “field of heaven.” Gialic...
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