Is Space Big Enough for Two Asteroid-Mining Companies?

[astr0144]

Is Space Big Enough for Two Asteroid-Mining Companies?

The latest company to launch into the asteroid-mining business isn't worried about competition from its biggest rival, saying that the resources of deep space are vast enough to support a bustling new industry off Earth's surface.

The new company, Deep Space Industries, Inc., announced today (Jan. 22) that it plans to mine asteroids for metals, water and other resources, with the goal of helping humanity spread throughout the solar system. Another company with similar goals, the billionaire-backed Planetary Resources, unveiled its own plans last April.

Both companies can coexist and prosper, Deep Space officials said during a press conference today.

"We love Planetary Resources," Deep Space chairman Rick Tumlinson said. "Space is big. There's room for everybody."

[Somamech]

Man that is ODD... Why? because they put Mining for Water???

http://www.space.com/15395-asteroid-mining-planetary-resources.html

The Last time I looked whilst on holiday over xmas I noticed water was sorta in abundance here on Earth 

[starwarp2000]

Man that is ODD... Why? because they put Mining for Water???

Depends on what type of 'water' you are taking about! 

Frozen water on an Asteroid exposed to constant Cosmic Ray bombardment might turn into Deuterium (Heavy Water). 

[The Seeker]

Soma, also consider the crews doing the mining will need water as part of their supplies; water weighs 8 lbs per gallon, so finding it and using it on site is far cheaper than lifting it out of the gravity well...


seeker