And getting there isnt even that expensive. At least not compared with the early days of manned space flight masters Apollo Missions of the 960. 00 s. Cost nearly 330000000. 00 euros a shot space x. Round trip cost a mere 43000000. 00. The economic boom in space is our topic today. Here on made the business magazine on t. W. Now long before space was recognized as a higher dimension for investors. People saw the universe as a mysterious and often menacing realm. It was the origin of asteroids that frequently blaze across the sky and sometimes even 4 to earth causing huge destruction. Now we know that these celesio chunks of rock are incredibly rich in valuable resources that are difficult to mine here on our planet. Forward thinking, entrepreneurs are looking beyond earth because a lot of it out there. Heres chris carter on Mining Metals in space. On the 15th of february, just on 13, an asteroid entered earths atmosphere over russia. All 3 of them created a fireball brighter than the sun. Hankie and its shockwave injured more than 1000 people from produce like these show why . Asteroid suppose a great threat to life on earth, but theyre also the reason why some see them as a golden opportunity. This clip was watched many years of times on personal computers and smart force. Such small and powerful devices contain metals like gold, silver, and platinum. All the peace river sources are not just pretty damned. The most conductive and durable and in my lab, all of elements are highly important for magazine and aerospace and fafsa and technology. But the painting them is an ugly process and mining destroys entires. Ecosystems displaces communities and greets toxic waste. And theres a tragic irony in a maze. Used to make solar panels, hydrogen and wind turbines. The more the wall goes green, the more toxic mining needs our planet is not the only source of the special elements to spearing earth does have a stake in miami. May lie in the planets ultimate threat. That asteroids this guy certainly is no longer living. His crysler weiqi. He was the cofounder in chief ostrog miner of planetary resources. The 1st company formed with the explicit goal of mining asteroids even of an asteroid named after him. So im very grateful to the wiki some of the celestial bodies close to where i am credible treasure troves old embarking on our very heavy and over time they sank into a private school. Thats why theyre so rain on the arse crossed. But again, because they asked for it dont have much gravity that didnt happen. Im asteroids, and in some cases there are 100 times as much as a 15. For example, im not sure of the best close to our planet was this thing needed to have more plotting or its ever been mined . The earth takes 16 cycles. Which wald said to be worth 700. 00. D. O. Soft on the us until now and these were just your radical because space travel was just too expensive. But thats changing a seat on a space. X. Walk at least 3 times cheaper than it was in the Space Shuttle started. Then you have to rush in and to have larry page, the cofounder of google put his wealth behind planetary resources that youre after and you company joined the race to mine, asteroids interest in 17, nasa announced he would pay a visit to psyche you want him. Shes in the i can stand and shes the, one of the leading Side Commission in the party. He was in the rubble but although the program is not about the asteroid mining, it could lay the groundwork for a more sustainable future. Crazy as he sounds, mining asteroids might not only be feasible, but also much more sustainable that mining earth one which is interesting and is a researcher who has actually crunched the numbers actually turns out the answers seems to be yes. He estimates that there are fewer necessary to go and bring back one kilogram of plotting normally would release 150 kilograms of c o 2 into the earths atmosphere. Terrestrial mining generates 40000 kilograms of c, which you saw stored mining could be hundreds times less polluting. Essentially, the main reason is theres almost no other substance you can mine, which generates that much Greenhouse Gas and outsourcing mining to space could decrease pollution on earth. But there is an economic problem long term as a gigantic in terms of economic problem. The problem, if you mine, like 5 times of the pattern, then you have on earth right now, means that the market prices were in the crash. You can some of the much more progress, which means you diminishing your profit margin. So you are bringing your infrastructure the loss, and that makes a very unattractive for investors. Carbon taxes in new technologies could change this equation. But it would still take several years for space mining to become profitable. Investors decided to not wait that long. The world doesnt quite support a Business Model that takes more than a 100000000. 00 and more than 10 years to, to make a return on that investment. And maybe a trip if you just Company Field to tweeze enough funds forcing you to abandon its call of mining asteroids. Just like in california, both flash space miners do not realize their dream of out of the small 12 planetary resources didnt succeed in their ultimate goal. To mine asteroids, but i think it succeeded in a lot of ways. The steps to get there. There wasnt much gold in california after all. Yesterday said, there succeeded in Something Else in the rush to get to different period. They created the infrastructure that accelerated the development of the west. Today space miners are doing something similar. We are as a world, a lot closer to using resources from space than we were when the company was founded in 2009 degree space mining. But we could make it there. And i think in some ways new inventions can make space money and economical. Just a few decades ago, the very technology youre using to watch this video seemed impossible. Now we can use satellites to beam the internet everywhere on the planet. 101520 years, a lot can happen. One day, money goes from a bit like using candles to the top. You know, most such galactic Business Prospects will inevitably result in competition between companies and between countries. Who do the many treasures floating around in the universe belong to my colleague and noise house has been looking into that question. And hes discovered that the matter has been regulated. So its off who owns outer space. You might think its easy. Hop on a rocket land on some celestial body, plant a flag, and its yours. Or rather the country you work for. You think again, when Neil Armstrong planted a u. S. Flag on the moon in 1969, that didnt make it american appropriating land in space is actually banned under international law. Under the outer space treaty of 1967, more than 130 countries have signed the document. It says, all countries are free to explore space, but not to appropriated for themselves. Outer space basically belongs to us all the treaty bans, weapons of mass destruction from space and says its use shall be the province of all mankind. That seems to rule out commercial ventures up there, but the treaty is not comprehensive and has been overtaken by developments. It was born of the cold war between the us and the soviet union. Nowadays, china, india and the European Union are all drooling over the Economic Opportunity space might represent. For now, there are no traffic regulations. There is no obligation to clear up space junk. There is no International Space authority with Flight Control functions for rockets and satellite launches. Each country goes its own way. The odd entrepreneur just ignores the outer space treaty. Dennis hope of the United States says he found a loophole. And ownership of the moon he sells plots of land up there. 50000 square meters go for just 39. 00 euros 90. You could get a nice certificate staking a claim is another matter. On the internet, you can also buy a house on mars for 890000000 euros, but you cant move in until 2060 real estate, natural resources, Tourism Business opportunities might soon abound. But what if some aliens turn up and say the entire cosmos is there . Well, if there is life out there, you have got to wonder if we should bother getting in touch. The space around our planet is already pretty crowded enough without physics is from another galaxy. Not only is there the junk left over by Human Space Missions past, but its also becoming overrun with satellites over the last few decades. That number has skyrocketed, if youll excuse the pun. And 958, there were 2 satellites in orbit. In the year 2000, there were almost 800, but last year we crossed the 2 and a half 1000 mark. The number has been growing exponentially and it looks set to keep going. 3, to watch. The new era is dawning as commercial enterprises drive advances in space, technology with ambitious projects. Elan musk of tesla wants to outdo nasa with his space x. Company, and fly people to know not to move, but mars Space Technology and space flight are essential to modern life as electricity from the grid we couldnt do without them and their key to new and future technologies spoke in the European Union, 10 percent of Economic Activity already depends on satellite navigation. The e. U. Launched its Copernicus Program in 2014, that satellites observe the earth from orbit. Its a publicly funded venture. The data, the satellite sent home would enable the development of new applications. For example, software to enhance the fuel efficiency of ships. New jobs will be created. Satellite data can be used to make marketable products. Remote Sensing Solutions is a Company Based in munich that specializes in environmental monitoring. Its not exactly a high margin industry. Copernicus has boosted revenues here, as its data are freely available to all. The company uses them to create valuable information. In the data are free or cheap, the entire process of generating information is cheaper and people are more willing to buy me a bit. So powerful clients include Nature Conservation groups such as w, w, f, and a number of governments. One focus of the company is what is monitoring the impact of land use and Climate Change on vegetation satellites can capture images of large swathes of land vegetation in the sun. Hell can be tracked from season to season. The astronauts say they have a very different relationship to earth once theyve been to the, i assess the view from a satellite is a bit similar. We can see how africa is doing or south america. The view from far away enables us to see connections more clearly by direction on the copernicus, satellites are big and heavy, they weigh tons, it takes years to build them and each is unique. Many components 1st have to be specially developed that makes the satellites expensive. Hundreds of millions of euros each week. Unlike many satellites, they can be as small as a wine bottle. The advent of small satellites marks a new era. There are a lot cheaper, but still provide important services. Planet labs is an earth Imaging Company in San Francisco that already uses many satellites to photograph the globe. Students throughout europe are learning to build the little devices. One class of small satellite nano satellites. A team at berlins Technical University devised the project to deploy 4 of them to enable faster transfer of large amounts of data. They were launched 2 years ago. Small satellites have the potential to revolutionize earth monitoring, as well as global telecommunications. To start up, smart small satellite systems does what its name suggests. Its cube sats can exchange precise information about their orientation so as to point in the desired direction. They cost tens of thousands of euros a piece in your tooth. Its the miniaturization of Electronic Components that enable such development to lytton satellites may be getting smaller, but that doesnt mean their overall performances are declining. One can deploy a lot of small ones for the price of a big one. But the company has launched 4 of its cube sat so far, theyre flying in formation to test 3 d. Typologies for scientific measurements. To do that, they have to communicate with each other, negotiate and organize their positioning autonomously. This test is a significant step towards creating intelligent 3 d. Satellite configurations. One application could be mapping the ash emitted in a volcanic eruption that would be of great value to commercial aviation. Small satellites often put together using standard components. So its easy to make a lot of them and also to switch out components depending on the intended use of space, x. Is planning to send 12000 small satellites into orbit as part of its starting project to provide internet to remote locations around the world. Big projects like that, spur the automation of satellite manufacturing. Its comparable to whats happened in the auto industry. In this regard, us companies are far ahead of ones in europe. We in europe shouldnt just give up, but aim to be players in these markets of its where the future lies. The economic and commercial potential is going to be huge. After hes put into the i got at sort analysts say the space industry is set for stellar growth. Revenues in 2018 amounted to 360000000000. 00. Some forecasts say they could reach 2. 00 trillion dollars in 2040. Rocket factory obs bug once a piece of the expanding space pie. Its developing a launcher for small satellites. A party to rocket, specifically designed for that purpose. Until now, small satellites have to hitch a ride if theres room. When big launches such as arianna set off into space, its not very expensive, but the waiting list can be long. But in course launches a big launcher is like a bus, you have to wait till every onboard. A small launcher is like a taxi it to where you want to go more cheaply and efficiently. Thats great for creating a small satellite constellation. About 100 companies are developing many launches. Many will probably fall by the wayside. 3 are based in germany. Rocket factory aims to offer affordable and flexible satellite launches. 10000000 euros a shot compared to 130000000 for an arianne. To keep costs down. Its launchers will contain many standard components from the auto industry. But its designing the Propulsion Systems from scratch and will 3 d. Printing a lot of the parts yet big launches such as arianna, a very complex and post lots of expensive custom components. They take ages to build. By contrast, our f. A. A. Aims to develop and deploy its 1st launcher within just 3 years. Will be financially viable with one launch a month. But we want to see a launch a week. The whole thing should be so industrialised and automated that its no longer anything special. Flying between braman in munich is not a big deal, but it was a century ago. We want to see the same thing with rockets. And also small satellite launch vehicles are set to make getting into orbit more affordable, potentially opening up the heavens to a whole range of new ventures. The vastness of space presents another problem for any potential Business Activity there. The logistics of covering huge distances in a practical amount of time. If only there was some sort of system like teleportation that works in star trek because it works. In reality, my colleague has been investigating a long time ago when space ships were made of paper plastic and it snowed powdered alan minium jaring, the dimity realisation process. People and things were magically beamed about in star trek films. How nice would it be if we could pin ourselves around the globe teleportation instead of airplanes and c o 2 emissions . Think about how beneficial it would be for the climate along into based physics. In fact, teleportation is no longer science fiction. Im always surprised about all the weird things that happen for the money where your heart is a quantum physicist at the Austrian Academy of sciences. His excursions into space travel are just a hobby work. He explores the weird and Wonderful World of teleportation of quantum teleportation to be precise. As a, having watched our trek, for instance, people imagine that you somehow beam matter or even energy, because thats how its done on the show that people disappear in the transporter and then reappear on an alien planet. When the similarity is that the system rebuilds the object identity in another place, or whats more at the exact same time or instantaneously regardless of the distance involved. Thats how the quantum world works via quantum entanglement. Einstein thought it was pretty spooky transferring information faster than the speed of light. So does this mean travelling not only with 0 emissions, but also with 0 delay . What happens with quantum teleportation . Is that really just that you want them information in this system is transferred to another place onto another identical system. With the matter itself, atoms, or photons, or whatever its made of does not get transferred, so it doesnt disappear. I think what it does disappears the information it gets destroyed. So if 2 quanta are connected this way, they can Exchange Information without a moments delay. But not the matter. It really is just the information ok event, couldnt just split myself into quanta and send their information to another entangled quantum cloud. I mean, then that would just need to be reassembled correctly, right . Lets just say that right now, we dont know of anything that would fundamentally speak against it, but it would have to work in a completely different way. But well need completely different set ups than what were creating now. Other than if i could build a device that could do this and youd ask me whether i would put myself inside it. Id say no. So mr spock would probably have to get beamed in a glittery shower of aluminum grey. Like in the old days. And dont forget the enterpr