Space Mining

Daniel Faber, a Pioneer of Space Technologies and Mining, and currently President and CEO of Heliocentric Technologies and Advisor to National Space Society in United States, participates in Risk Roundup to discuss Space Mining.

Overview

Democratization of Space is on its way.

Terrestrial planets, gas giants, Trojan asteroids, and a range of other bodies orbiting the Sun are now beginning to be explored for precious metals by pioneers. This will not only help us understand how the Sun and its family of planets formed; but also help us prepare for what the future may hold for humans.

Precious metals have influenced the course of recorded human history, and today and coming tomorrow will likely not be any different.

Nations today feel that there are not enough precious metal resources on earth to meet everyone’s need and that we need to look to space to meet our existing and emerging needs on earth. Moreover, the dooming belief that everything we hold of value on earth is in finite amounts is now being questioned; as metals, minerals, energy sources and more are literally in near infinite quantities in our solar system.

Understandably, human exploration horizon is now expanding to space, where the space mining seems to be more practical than professed.

Today, there are visible signs emerging from across nations that mining asteroids for precious metals is becoming a realistic goal. However, the question remains whether we have the technology and means for space mining, whether space mining is a viable industry and whether nations are prepared for what is to come.

It is important to evaluate further-

  • Where are we heading?
  • While space mining of the moon and nearby asteroids would allow for greater access to hydrogen, carbon, silicon, metals, and other materials that may be overmined on this planet, what else is being explored for mining in our solar system?
  • What are the immediate mining targets? What will be the criteria used to decide where to mine?
  • What is necessary if we are heading to make space mining a long-term project?
  • What technology will be used?
  • How will mining in space benefit nations both economically and scientifically?
  • Do we have enough understanding of asteroid environment?
  • What kind of equipment’s would be required for space mining? Will they be powered by fuels or will they be solar powered?
  • What are the risks?
  • Will space mining be largely carried out using robots or humans will be extensively involved on field?
  • Do we have promising lead on water in space?
  • What initiatives are currently under way by both public and private sector to meet the growing demands of resources on earth?
  • As space mining companies are gearing up for exploration, what implications will be there?
  • How are nations getting ready for space exploration?
  • How many nations are getting ready to explore their stake in space mining?
  • What are space mining ownership rights?
  • What is the future of space mining?

While the space technology advances could end scarcity of essential minerals as we know it, the democratization of space-and asteroid mining will also likely bring complex conflicts and challenges. It is important to evaluate its security impact on cyberspace, geospace and space (CGS). Now is the time to talk about Space Mining Risks!


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About the Guest

Daniel Faber is the lead technologist and chief executive of a stealth Aerospace startup in Silicon Valley. He has leveraged his experience as an entrepreneur and engineer to draw together key emerging players in the field of in-space materials technology and successfully connect them to leading venture capitalists. As the former CEO of Deep Space Industries, Mr. Faber built a solid technology business, aggressively advancing a vision of delivering off-earth resources to the space economy. Under his leadership, the company released its first products with significant customer traction, grew sales from zero to nearly $10 million, changed global perceptions and regulations around space resources, and positioned DSI to systematically create and commercialize all the technology necessary for mining asteroids. As a serial entrepreneur in the aerospace and mining industries prior to DSI, Mr. Faber has grown several high-tech companies from startup through to commercial success. He is the recipient of multiple innovation awards and been granted a number of patents in the fields of mining, medical imaging, and aerospace. Mr. Faber holds a degree in engineering from the University of New South Wales and a Postgraduate Certificate in Antarctic Studies from the University of Canterbury. He has served as a director and officer in several non-governmental organizations.

About the Host of Risk Roundup
Jayshree Pandya (née Bhatt) is a visionary leader, who is working passionately with imagination, insight and boldness to achieve “Global Peace through Risk Management”. It is her strong belief that collaboration between and across nations: its government, industries, organizations and academia (NGIOA) will be mutually beneficial to all—for not only in the identification and understanding of critical risks facing one nation, but also for managing the interconnected and interdependent risks facing all nations. She calls on nations to build a shared sense of identity and purpose, for how the NGIOA framework is structured will determine the survival and success of nations in the digital global age. She sees the big picture, thinks strategically and works with the power of intentionality and alignment for a higher purpose—for her eyes are not just on the near at hand but on the future of humanity!
At Risk Group, Jayshree is defining the language of risks and currently developing thought leadership, researching needed practices, tools, framework and systems to manage the “strategic and shared risks” facing nations in a “Global Age”. She believes that cyberspace cannot be secured if NGIOA works in silo within and across its geographical boundaries. As cyber-security requires an integrated NGIOA approach with a common language, she has recently launched “cyber-security risk research center” that will merge the boundaries of “geo-security, cyber-security and space-security”.
Previously, she launched and managed “Risk Management Matters”, an online risk journal and one of the first risk publications, publishing “Industry Risk Reports of Biotechnology, Energy, Healthcare, Nanotechnology, and Natural Disasters” over the course of five years. Jayshree’s inaugural book, “The Global Age: NGIOA @ Risk”, was published by Springer in 2012.

About Risk Roundup

Risk Roundup, a global initiative launched by Risk Group, is an integrated cyberspace, geospace, and space (CGS) strategic security risk dialogue for individuals and entities across nations: its government, industries, organizations and academia (NGIOA).

Risk Roundup is released in both audio (Podcast) and video (Webcast) format and is available for subscription at (Risk Group WebsiteiTunesGoogle PlayStitcher RadioAndroid, and Risk Group Professional Social Media).

About Risk Group

Risk Group is a strategic security risk research organization. It focuses broadly on the risks facing individuals and entities across nations: its governments, industries, organizations, and academia (in short referred to as NGIOA). Its approach is broad, encircling cyberspace, geospace and space (in short referred to as CGS). It firmly believes that collaboration within, between and across NGIOA will be mutually beneficial to all stakeholders across nations—for not only in the identification and understanding of critical CGS security risks facing one nation, but all nations.

Risk Group believes that risk management, security and peace walk together hand in hand. Though security is related to management of threats and peace to the management of conflict, risk management is related to management of security vulnerabilities as well as management of conflict, and it is not possible to conceive any one of the three without the existence of the other two. All three concepts feed into each other. Risk Group believes that the security we build for ourselves is precarious and uncertain until it is secured for everyone across nations. Tradition becomes our security-so if we build a culture of managing risks effectively it will lead us to security and security will lead us to peace!

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