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The billionaire who wants to harvest the moon
Yahoo/CNBC ^ | April 3, 2014 | Susan Caminiti

Posted on 04/04/2014 2:35:10 AM PDT by kingattax

As a child growing up in rural India in the 1960s and 1970s, Naveen Jain would gaze up at the moon and imagine a life beyond his modest surroundings. Today he's still gazing at the moon, but for far different reasons.

Jain, 55, is co-founder of Moon Express, a Mountain View, Calif.-based company that's aiming to send the first commercial robotic spacecraft to the moon next year. This serial entrepreneur-he founded Internet companies Infospace and Intelius-believes that the moon holds precious metals and rare minerals that can be brought back to help address Earth's energy, health and resource challenges.

Among the moon's vast riches: gold, cobalt, iron, palladium, platinum, tungsten and helium-3, a gas that can be used in future fusion reactors to provide nuclear power without radioactive waste.

It's an exciting prospect, considering supply on Earth for such rare minerals as palladium-used for electronics and industrial purposes-is finite, pushing prices to $784 an ounce on April 2.

"We went to the moon 50 years ago, yet today we have more computing power with our iPhones than the computers that sent men into space," he said. "That type of exponential technological growth is allowing things to happen that was never possible before."

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: News/Current Events
KEYWORDS: billionaires; cobalt; fusion; gold; helium3; india; iron; jain; moon; naveenjain; palladium; platinum; privatespace; titanium; tungsten

1 posted on 04/04/2014 2:35:10 AM PDT by kingattax
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To: kingattax

The headline made me think that this person should be surrounded by hundreds of jabbering and giggling, yellow minions. :P


2 posted on 04/04/2014 2:45:47 AM PDT by Kriggerel ("All great truths are hard and bitter, but lies... are sweeter than wild honey" (Ragnar Redbeard))
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To: Kriggerel

Great goal but how does it make financial sense? Of course he may not care about that.


3 posted on 04/04/2014 3:45:22 AM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: driftdiver

He might make a few bucks on selling some obscure metals, but will make Trillion$ on the cheese.


4 posted on 04/04/2014 3:56:30 AM PDT by C210N (When people fear government there is tyranny; when government fears people there is liberty)
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To: kingattax

Mining the moon will make it lighter, and the Earth’s gravitational field will suck it closer and closer, until it crashes into us! Run!


5 posted on 04/04/2014 4:14:40 AM PDT by Dr. Bogus Pachysandra ( Ya can't pick up a turd by the clean end!)
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To: kingattax

What about the Amazon Women who live there.....


6 posted on 04/04/2014 4:59:33 AM PDT by Yorlik803 ( Church/Caboose in 2016)
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To: kingattax
The unstated part of this is that we'll need a permanent lunar presence for it to work.

The Moon is the perfect spot for heavy industry. No concerns about pollution, radioactivity, etc. Given nearly unlimited energy (coming soon one way or the other), a lot of goods could be manufactured there and then shipped to Earth, as was portrayed in "The Moon is a Harsh Mistress".

The Moon is also a natural spaceport, and the logical jumping off point for the rest of the Solar System.

7 posted on 04/04/2014 5:27:36 AM PDT by PreciousLiberty
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To: kingattax

If he sends too many people up there for the harvesting operations, it may capsize.


8 posted on 04/04/2014 5:29:29 AM PDT by ShadowAce (Linux -- The Ultimate Windows Service Pack)
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To: brytlea; cripplecreek; decimon; bigheadfred; KoRn; Grammy; married21; steelyourfaith; Mmogamer; ...

Thanks kingattax, extra to APoD, others.


9 posted on 04/04/2014 5:53:25 AM PDT by SunkenCiv (Obama is now making Jimmy Carter look like Attila the Hun. /focus/news/3138768/posts)
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10 posted on 04/04/2014 6:01:08 AM PDT by SunkenCiv (Obama is now making Jimmy Carter look like Attila the Hun. /focus/news/3138768/posts)
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To: PreciousLiberty

Yep. The key to mankind’s expansion in space is low and no gravity mining and manufacturing.

Extremely expensive as a start up but costs fall with increased utilization.


11 posted on 04/04/2014 6:04:05 AM PDT by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: ShadowAce

But they could see the Mars rovers.


12 posted on 04/04/2014 10:56:34 AM PDT by Organic Panic
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