Mining on the Moon will be biggest ‘economic revolution’ in history, expert says

Mining on the Moon will be decades away as well as also will become the biggest “economic revolution” in history, an expert says.

Planetary scientist Dr Philip Metzger said nations, companies as well as also entrepreneurs will soon be racing to be the first to set up a permanent lunar base.

He spoke as NASA announced the item will pay up between $15,000 to $25,000 for rock samples weighing between 50 to 500 grams by the Moon’s surface.

Dr Metzger, of the University of Central Florida, said: “the item’s inevitable of which sometime of which century, nations will begin establishing full mining as well as also manufacturing supply chains outside of Earth’s gravity well.

“the item’ll be a race between entrepreneurs, companies as well as also nations. the item’s going to open up a billion times greater resources as well as also the item will be an economic revolution greater than any we’ve seen before.”

SpaceX’s tech billionaire founder Elon Musk as well as also Amazon chief Jeff Bezos have already started out developing commercial rockets to fly tourists to the Moon.

Astronaut Walking On Mars or the Moon

Experts believe large-scale mining operations of which can extract water ice, rare earth metals as well as also the nuclear fuel Helium-3 by the moon will be in place within decades.

Benjamin Sovacool, a professor of energy policy at the University of Sussex, said of which mining on the Moon will be too expensive to profit by at of which point, the item will eventually provide “lucrative as well as also even efficient sources of materials, minerals or metals”.

He added the item also “avoids claims of human rights abuses or social irresponsibility” unlike mining on Earth.

NASA handout photo of astronaut Buzz Aldrin on the Moon

NASA offered to pay for the space rocks as part of its Artemis project to get humans back on the Moon again by 2024.

the item plans to then set up a permanent presence on as well as also around the satellite by the mid-2030s, helping the item send astronauts to Mars.

Some astronomers have warned space mining could block out our view of the night’s sky.

James Geach, a professor at the Centre for Astrophysics Research at the University of Hertfordshire, said: “Unless we are very careful, the more ‘industrial’ activity we see in space, the harder the item will be to have clear views of the deep cosmos.”

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