3 Ways to Get Rich in Space

The idea of space typically invokes pictures of a black, baron wasteland. However, we now know that this infinite expanse contains unimaginable riches. From planets that rain diamonds to asteroid fields full of gold, resources in space can end global poverty a thousand times over. , Yet, these resources remain out of reach with our limited modern technology. However, if history can teach anything, is that mankind can solve any problem. Morgan Stanley expects the Space industry to reach a market value of One Trillion dollars by 2040, seeing exponential growth into the medium term future. Yet, many inventions are yet to be made! As we dive into this realm, we will consider two forms of economic opportunity. Space technologies that can benefit our home planet, Earth. And technologies that can lay the foundation for a galaxy-wide economy!
So join us on a ride, as we explore a few ways innovative men can help shape the future of space exploration, and bathe in the lucrative fruits of humanities final frontier.
1. *Helium-3 in Lunar Atmosphere*
[Visible outside of your window, the moon has fantasised humans for eternity. Yet, scientists have discovered a lucrative resource hidden in the lunar atmosphere. Helium 3, a radioactive isotope of the element Helium Is relatively abundant on the moon. This abundance is caused by solar winds hitting the moons over thousands of years, as it does not have a magnetic field to protect it.
This resource, which is very scarce on Earth, would enable nuclear fusion reactions without radioactive emissions. As if humans want to explore the vastness of space, we need an abundant source of rocket fuel. Thus, those who can tackle the complex challenges and commercialise this resource are sure to make a fortune.
1. *Satellite Broadband*
The notion of global high-speed internet acess is far-from science fiction in 2023. Through the use of micro-satellites, companies like SpaceX are able to provide internet access to even the most remote areas of our planet. Data has become a extremely important commodity in our ever-digitised world, thus an ability to transmit this from space provides a highly innovative solution to a data shortage problem. As such, providers of this service are able to charge customers from all across the globe!.
1. *Asteroid Mining*
For those wanting to be a nrillionaire, the key to these riches lie in near-earth asteroids. These metal rich rocks contain inconceivable amounts of wealth in minerals, metals, water and more One asteroid, 16 Psyche, has been [reported](theprint.in/op...) to contain US$700 quintillion worth of gold, enough for every person on earth to receive about US$93 billion. The technology to achieve this feat however, is both costly and complex. Yet it is not far-fetched to imagine a future whereby asteroid mining is feasible. In the long run, being able to mine resources in space will help humans create space-based communities, and explore deeper and deeper into the universe, eventually transitioning us away from an entirely Earth-based civilization.