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.

 

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.