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Guest; David Rich; Topics, The Space Resource, The Space Report 2020, utilizing space resources for Earth, space value, commercial space and more.
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We welcomed David Rich to the show for a one segment 83 minute discussion about The Space Resource (www.thespaceresource.com and their new report, The Space Report 2020 (www.thespaceresource.com/news/2020/the-space-resource-report). We started our discussion by asking our guest for both an introduction to The Space Resource plus we wanted to know how he got his interest in space and why he connected the dots from oil, gas, and geology to space. We spent close to the first half of the program discussing these topics in detail.
Our guest first talked about space and asteroid mining, then he provided us with a condensed history of the companies formed to do space mining. He said only one still existed, TransAstra, which we have talked about on earlier Space Show programs. Don't miss the history, what was said about space resources, plausible technology as opposed to rhetoric, new technology such as optical mining technology, plus the examples he cited like the recent successful Northrop Grumman rocket test, satellite life extension, and potential commercial customers.
Our guest was asked about space resources. David talked about water and O2 as primary resources. We asked him about timelines for commercializing and bringing to market space resource utilization. Don't miss how he responded to this question. In addition, our guest talked about the one remaining space mining company, TransAstra , NASA funding for Phase 3 studies and the fact that we have talked about this company before with Dr. Joel Sercel. You can find Joel's Space Show interviews at https://thespaceshow.com/search-page?keys=Joel+Sercel. David then mentioned the Luxembourg Space Resource Week coming up soon, plus he talked about business risks within the industry.
Our next topic dealt with both the plausible and not so plausible regarding space resource utilization. This built on David's earlier comments regarding asteroid mining reserves. David made sure we understood the definition of reserves plus the meaning of proven reserves. For mining ventures that were plausible, for bringing items back to Earth for markets and more, he said we needed far more information for determining proven reserves so he talked about sample return missions. He mentioned the ones already underway or that have taken place but that more information was needed. Listener Jack asked our guest about shortages of raw materials on Earth and making them up from space resources. Don't miss what our guest said in reply to such questions. One of the important things he said was that we were critically short of a down mass capability for anything like the question suggested. Our guest talked about the parts per million of essential things, the extraction costs and methodology, he cited examples and facts using the ISS and talked about not being plausible for near term ROI for a commercial company. Don't miss this discussion.
Listener Ken asked our guest if it was truly possible for a space created trillionaire to happen any time soon. Our guest said not any time soon but listen to all of what he said. He then talked about Jeff Bezos and Elon Musk, the influence of Dr. Gerard O'Neill, life and values. Spreading life throughout the solar system and beyond was talked about as part of this discussion plus our guest was asked why he thought the humanities were important for space development, exploration and commercialization. David had much to say on the humanities question. Let us know what you think by posting your thoughts on our blog.
Most of the balance of the program was spent focusing on the global picture, inspiration, the role of science fiction, what other space nations were doing for this part of the space effort, and how best to drive innovation and inspiration. David talked about the need for Public Private Partnerships and he spoke well of The Artemis Project for returning to the Moon.
In our summary, our guest discussed signing up for their free newsletter from their website and also the significance of The Space Report 2020 which was mentioned above. Don't miss what David said about necessary and essential skills of passion and the need to continue lowering the barriers to entry for all things space.
Please post your comments/questions on TSS blog for this show. You can reach our guest David Rich at The Space Resource Website, www.thespaceresource.com.