Is this project an undergraduate, graduate, or faculty project?
Undergraduate
Project Type
individual
Campus
Daytona Beach
Authors' Class Standing
Aashman Gupta, Freshman
Lead Presenter's Name
Aashman Gupta
Lead Presenter's College
DB College of Engineering
Faculty Mentor Name
Evan DeCarlo
Abstract
Asteroid mining, a sci-fi concept that is rapidly emerging as a potential cornerstone for humanity's expansion into space. This paper explores the economic, technological, and legal challenges of asteroid mining, by examining its feasibility, potential benefits, and other challenges that could hinder its development. Some argue that mining asteroids could provide essential resources and reduce dependency on Earth leading to sustainable space colonization, but critical challenges still remain. Through a review and rational comparison of recent advancements and setbacks, this paper presents an analysis of the potential of asteroid mining; findings suggest that while asteroid mining holds significant potential for the future of space exploration, it is hindered by unresolved challenges in technology, economics, and international law, which require further research and innovation.
Did this research project receive funding support (Spark, SURF, Research Abroad, Student Internal Grants, Collaborative, Climbing, or Ignite Grants) from the Office of Undergraduate Research?
Yes, Spark Grant
Included in
Air and Space Law Commons, Economics Commons, Engineering Commons
Asteroid Mining: The Next Big Thing or a Gimmick?
Asteroid mining, a sci-fi concept that is rapidly emerging as a potential cornerstone for humanity's expansion into space. This paper explores the economic, technological, and legal challenges of asteroid mining, by examining its feasibility, potential benefits, and other challenges that could hinder its development. Some argue that mining asteroids could provide essential resources and reduce dependency on Earth leading to sustainable space colonization, but critical challenges still remain. Through a review and rational comparison of recent advancements and setbacks, this paper presents an analysis of the potential of asteroid mining; findings suggest that while asteroid mining holds significant potential for the future of space exploration, it is hindered by unresolved challenges in technology, economics, and international law, which require further research and innovation.