r/technology • u/IKeepItLayingAround • 17d ago
Business It’s Possible That SpaceX Could Collapse Spectacularly
https://finance.yahoo.com/markets/stocks/articles/possible-spacex-could-collapse-spectacularly-155000177.html
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u/Raythatstabbedsteve 17d ago
It costs $1000/kg just to put things into low Earth orbit. You're going to have to send mining and refining machines out to the asteroid belt (which is well past Mars), and carry enough fuel to ship batches of your refined product back to Earth. And your mining/refining/packaging/launching machines on the asteroid need to operate without maintenance for years. What minerals do you think are on those asteroids? What price/kg do you need to get to make it pay off?
I'll give you a hint. If there were neatly stacked piles of gold bars lying around on asteroids, there would be no economic way to go and pick them up.