Depletion of Finite Earth Resources Pushing Higher Need for Space Mining for Material ExplorationRockville , Oct. 31, 2023 (GLOBE NEWSWIRE) A newly published study by Fact.MR, a market research and competitive intelligence provider, asserts that the global space mining market stands at US$ 1.71 billion in 2023. Worldwide revenue from space mining is predicted to rise at a CAGR of 16.1% from 2023 to 2033. Rapid expansion of the commercial space sector is the main factor set to boost space mini
Asteroids are rich with the metals used in clean energy technologies. As demand soars, advocates argue that mining them in space might be better than mining them on Earth.
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