If they can get to an astroid with some titanium or other rare minerals, they can probably be worth it. But I don't see that happening in my lifetime
this post was submitted on 07 Jun 2026
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Mining such an asteroid will only destroy the metals’ market value into oblivion by nullifying it rarity.
Debeers model? Artificial scarcity
I'm not so sure. That would certainly be the case if you had access to it all at once, but that's almost certainly not how it would work. Just like how we don't have access to all of it's that's available on earth at once. It'll be more like a new mine opening up.
This is assuming we don't mine multiple asteroids at once or open a ton of new mines on a single asteroid. We may get there at some point but that won't be how it starts. It'll almost certainly start as a one off, if it gets there at all.
the moment that rare minerals become plentiful, they devalue. you can't get a trillionaire with asteroid mining
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Doesn't matter, at this rate, what will even be here in a decade?
Boomers kept saying this too. For the sake of future generations please stop; it can indeed get worse than what is currently doomed to happen.
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AI.