Four ways to make money in space

Nancy Marshall-Genzer Mar 14, 2014
HTML EMBED:
COPY

Four ways to make money in space

Nancy Marshall-Genzer Mar 14, 2014
HTML EMBED:
COPY

NASA is increasingly reliant on private contractors to get goods to and from space. Here are four ways the rich are trying to get richer in the final frontier:

1. Transportation: SpaceX has a launch set for March 16 to supply the International Space Station. NASA now depends on private firms to ferry stuff up to the astronauts on the station.

2. Space Tourism: Virgin Galactic says it may be able to launch its suborbital space tourism operation later this year. Tickets for a flight aboard Virgin’s SpaceShipTwo cost hundreds of thousands of dollars. Still, Virgin Galactic is already booked up for years.

3. Asteroid Mining: Some investors want to get into the mining of asteroids. It hasn’t been done, but it would involve building some sort of platform on an asteroid, then scooping out valuable platinum, iron and cobalt.

4. Garbage Collection: There’s a lot of space junk out there. It’s moving fast, and it can do some serious damage to a passing spacecraft. Now there’s research on Pacman-like space vehicles that could “eat” the space garbage.

 

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.  

Need some Econ 101?

Our new Marketplace Crash Course is here to help. Sign-up for free, learn at your own pace.