Space Mining Is Here, Led by This Tiny Country

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With a decades-long track record of making space a profitable business, Luxembourg is betting big on everything from space resources, satellites and training the next generation of space entrepreneurs.
#Space #GiantLeap #BloombergQuicktake
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15 дек 2021

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Комментарии : 449

@rrni2343 2 года назад

Fun fackt, Luxemburg used to supply iron to Europe, but when the mine in Kiruna, Sweden opened they could not compete with the high quality iron ore from that mine, so they had to basically reinvent it economy. I guess old grudges never die.

@christianmoore7109 2 года назад

Literally just came from the Kiruna video from HAI

@mikolahaagen-kinarian499 2 года назад

@@christianmoore7109 same!

@fckSashka 2 года назад

fun fact: the new world trade center was mainly built using iron from luxembourg

@DANA-lj3cv 2 года назад

luxemburg should make minecraft 2 and get a youtube to 100 M subs to compete

@bernardedwards8461 2 года назад

They only fade away.

@maxkonig559 2 года назад

Mining will no doubt play a big role in human advancements. Digging or retrieving new elements can change our way of life and maybe have the ability to travel between stars in no time.

@delavan9141 2 года назад

"New elements?"

@maxkonig559 2 года назад

@@delavan9141 Yeah, new elements. On other rocky or gas planets, there's a high probability that there are other elements not found on this earth. Hope that address your question.

@maxkonig559 2 года назад

@James Henry Smith Don't look flat to me.

@therocketmanprince682 2 года назад

@James Henry Smith it is expensive 😅

@bernardedwards8461 2 года назад

There are no new elements which haven't already been discovered, and it is far easier and cheaper to mine your rare earths, which really aren't all that rare, here on Earth. Even light can't reach the nearest star, Alpha proxima, in no time. It takes more than four years.

@dirktween244 2 года назад

Congratulations. Space Economies must be independent of the Earth. Glad to find somebody who understands this concept.

@joeblack4436 2 года назад

I'm far more excited about colonisation of our own solar system than I am about all the wonders telescopes show us that are out of grasp today. We are on the cusp of being able to live and prosper in space beyond our wildest dreams - Right here in our own cosmic back yard. What can we do around other stars? Nothing. We can't even conceive of reaching them in practical time frames yet. We can do something here though. Expand the horizons of humanity like never before. The first space ship that will reach another star with people onboard will be made in space in any case. Not here on Earth. And that space ship design/technology will be achieved because of many logistical and technical problems that would have already been solved by inhabitants of the solar system beyond Earth.

@LolUGotBusted 2 года назад

You can still be excited about JWST., just like I am excited for Mars. I fear there are hard lessons left to learn but we must face these challenges head-on. New developments in warp technology (this month!) may bring the stars closer to us than ever before.

@WWeronko 2 года назад

Other stars is a bit premature. Let us focus with bases on the Moon and lunar resource exploitation. Asteroid mining and colonies on Mars and beyond follows. After we settle and utilize solar system resources we can ponder going to other stars.

@joeblack4436 2 года назад

Yeah. It's not only the pragmatic course, but the only viable one. I think the chances of starting with interstellar colonisation successfully before even developing habitation tech locally is next to zero. And I think there can be plenty of wonder and adventure right here :) New vistas. Exotic materials. Even alien life in our own solar system is quite conceivable.

@joeblack4436 2 года назад

@@LolUGotBusted Oh sure. Undoubtedly many interesting observations will be made. Possibly entirely new directions for physics and cosmology. I'm very interested in that. I'm just relatively more interested in getting on with the nuts and bolts stuff here in our solar system.

@dartaven_business5488 2 года назад

Using telescopes have helped us understand our universe better

@ChandoraBox 2 года назад

This is literally why I'm wanting to become an aerospace engineering. I hope to get a job at SpaceX or nasa or now I would not mine being able to work at Luxembourg

@mykalkelley8315 Год назад

Try NASA first

@adamknight5089 Год назад

Yeah I wouldnt mine either :)

@mindaza0 2 года назад

what a smart country, being small one has to focus on promising industry.

@PontifexMonarka 2 года назад

@James Henry Smith what

@jeffmorris5802 2 года назад

... Space budget per capita? What kind of bizarre metric is that lol

@Joe-ij6of 2 года назад

It's the kind of metric that comes from the ministry of marketing rather than the ministry of commerce

@edwinfrancisco8116 2 года назад

My exact thought when I saw that🤣

@thekraken1173 2 года назад

A metric that makes sense?

@jeffmorris5802 2 года назад

@@thekraken1173 No, it really doesn't. It completely ignores venture capital and private investment.

@Cosmic_Chronicles_ 2 года назад

I saw the thumbnail and i was like: No way Luxembourg actually can do this and clicked right away.

@ajr993 2 года назад

They're just not anywhere close to making asteroid mining financially viable. Trying to capture an asteroid or mine on the moon requires an insane amount of energy investment.

@jonesmatthew7511 2 года назад

Do you have any numbers on that, I mean even platinum mining in Russia/South Africa can still be had at $400/ 750 per ounce

@ajr993 2 года назад

@@jonesmatthew7511 Because it costs 60mn dollars to launch a rocket, and probably hundreds of millions to build the technology and capability to mine and transport platinum back to earth. Then there's also the insanely difficult task of actually capturing an asteroid in orbit which will require some intense nuclear or fusion propulsion to be able to change its orbit.

@averagebilly 2 года назад

@@ajr993 space mining will give a whole new meaning to economy of scale.

@square5726 2 года назад

@@jonesmatthew7511 we still don't have the technology to mining asteroid think japan tried but only manage to get dust for the cost of 60 mill

@mikecasey9514 2 года назад

Exactly. As the video stated, it takes a lot of government focus to make something like this happen, and no government is currently putting the necessary focus on asteroid mining. It seems to me that AI self-replicating robots would be the best way to accomplish it

@fckSashka 2 года назад

Wow, I have never expected to see the small country I grew up in on Bloomberg. Greetings from Luxembourg :^)

@reverentlygrim2666 2 года назад

yeah going to space for mining yay!!! spending billions on going to space with the same western ruthless capitalistic attitude that is messing up the earth while 6000 child die every day from hunger what a brilliant idea, AWESOME HUMANS AWESOME!!!!

@puffdaddyfpv7046 2 года назад

@@reverentlygrim2666 all these kids die due to you NOT PROVIDING THEM their nutrition!

@evev 2 года назад

@@reverentlygrim2666 With those accusations you need to living vegan, right? If not, you cannot tell anyone that they are doing something wrong. Your footprint is BIG.

@tomeryud 2 года назад

@@reverentlygrim2666 go research how many children died without capitalism. just look at north korea for an example

@JoshuaWalls2014 2 года назад

@@reverentlygrim2666 Man the numbers show the reality of it all .. all that disapproval but no acknowledging the true feelings behind their stances

@SC-zq6cu 2 года назад

Ah yes, Luxembourg finally getting ready for the world domination it always planned for.

@aurin_komak 2 года назад

Not just world domination, _universe domination_

@ignashi7plays401 Год назад

Pope

@yonosapungga Год назад

1940's Germany : Luxembourg hahaha....🤣 Easy 2000? Luxembourg : 😏 _uno reverse card_

@bobshakor8184 2 года назад

Orbital solar farms could provide power generation and delivery system . Due to lack of gravity , large array of space solar farm could be deployed in orbit to collect and transmit power to the target.

@bobshakor8184 2 года назад

JAMES WEBB telescope has inspired new design of orbital solar farm.

@ReddoFreddo 2 года назад

In Holland most our commercial television channels have their origin in Luxembourg I believe. (RTL)

@fckSashka 2 года назад

Yep, Radio Télé Lëtzebuerg. We are also trading partners along with Belgium (BeNeLux).

@KhushalBadhan 2 года назад

@@fckSashka Where do you live in Luxembourg? Let's meet up 😀

@fckSashka 2 года назад

@@KhushalBadhan diekirch :^)

@tinkerduck1373 2 года назад

When I learned that Luxembourg had a framework for space mining, I wondered how long it would take for our German politicians to create something similar. But I guess, that was still Neuland, at least for the former grand coalition.

@Daniellahehehe 2 года назад

Lux using its tax haven status for space investments? Imagine my shock

@abasisc5391 2 года назад

didnt know about that

@ten_tego_teges 2 года назад

Bingo, biggest in Europe next to Ireland and the Netherlands.

@kennethkho7165 2 года назад

capitalism

@tomfromoz8527 2 года назад

Capitalism = pride, greed, lust, envy, gluttony, wrath, and sloth. >> Tom's wife

@DamirPrcic 2 года назад

@@tomfromoz8527 Agree! LGBTQI+ Prime Minister welcomes homophobic emirati muslims to its Space Center. Wow / again what a paradox of modern capitalism and modern times!!!

@PanduPoluan 2 года назад

Wow, that space expenditure per capita graph is wild!!

@SolarmindMedia 2 года назад

If your gonna mention Space Mining and Sci fi never forget Red Dwarf lol.

@revelationsneworder7069 2 года назад

Got it Luxenberg’s going to be the richest country in the world

@Marvin-ii7bh 2 года назад

they are already among the richest

@Marvin-ii7bh 2 года назад

@Ed Ducate that was belgium....

@steveweidig5373 2 года назад

You mean Universe, right?

@ArizVern 2 года назад

RETIRED 77, USAF VET. SPACEX GREAT COMPANY. MORE POWER TO YOU LUXEMBOURG.

@viwo3346 2 года назад

Awesome and inspiring piece

@kalexander2023 2 года назад

There is no reason for wars When space is a gold mine in resources, realstate, water and more...

@et2133 2 года назад

Luxemberg has always been the most innovative in the Europe

@ianrobinson8974 2 года назад

19/12/2121 FANTASTIC! Where there is a will, there is a way. Really all it takes are ideas, response by those with power to change and accompanying action. These people have it all. Best wiahes from the land of Oz.

@zininajid 2 года назад

If we can really mine resources in space, earth will one day look like coruscant

@PetrKerka-hc2vk 11 месяцев назад

Jste skvělí. Díky moc..

@HenrijsEglitis 2 года назад

Well done! The complexity of the tasks that need to be solved must be enormous dealing with such amount of unknown variables.. he but for bright minds that love challenges must be fun work.

@weedparty 2 года назад

Wow India should learn from this country too...👍👍👍

@Artist452 2 года назад

Mining in space is fascinating and necessary if civilization is expected to be around much longer. But we are going to have to change allot of things about it. Motive for innovation is a big one, if not the single biggest factor in developing the technology humanity needs to survive much longer into the future.

@GadreelAdvocat 2 года назад

Might be able to capture a small slow rotating asteroid. A craft that can slowly span out a metal band to either side of it. Metal banding like what hold items on pallets. Then it would look like a large ring off to either side of it. Then after it achieves a geo synchronous orbit it can fold down and around the asteroid it's ring wings. That would secure the craft to the asteroid. Another craft sent there can dock to the craft to be used as propulsion. Once secured it could be brought into orbit of the moon or Earth. The bands around the asteroid could be followed with another vehicle to create a track around the asteroid. To make it easier to traverse equipment(solar panels electric wires,etc), to explore and to mine.

@PanduPoluan 2 года назад

Luxembourg legalising space resource extraction is smart move. Building a company in the US for space resource extraction might run afoul of ITAR during recruitment. I don't think Luxembourg has anything similar to ITAR, so recruiting expat experts should be easier. CMIIW of course

@robertcoyle1532 2 года назад

Space mining ain't here till the digging starts.

@Mrbombastic614 2 года назад

It will b Very excited to see Isro and luxembourg working together . 😄

@w.d.g. 2 года назад

Great job!

@massivecumshot 2 года назад

Luxemburg and Lichtenstein have the highest per capita GDPs in the world. Tiny but powerful, and very expensive to visit.

@aqwsderxz 2 года назад

Its not exspensive i have being there alot

@mskclasses8496 2 года назад

Well it's a hopefull start

@rbeygarcia 2 года назад

Those triangular wheels are rad!

@HotHeadCJ 2 года назад

They're smart....that's the Portuguese and dutch back in the day. They're pioneers

@steveweidig5373 2 года назад

We got quite a few of both here in Luxembourg, maybe that helped?

@jashandeep146 2 года назад

Gold about to become devalued. There's quadrillions of tons of gold in space. Its scarcity is about to leave chat.

@vice.nor.virtue 2 года назад

Gold is still gonna be expensive bro- it's not exactly rare on earth honestly. The deal with gold is that it costs more than it's worth to mine.

@francisluglio6611 Год назад

It’s not about to. It’ll be a while before we actually commercially mine in space. That being said, it would be fantastic to devalue gold, it has a lot of uses. Jewelry is the least useful purpose for gold

@redroyce4590 2 года назад

Seems awesome that your university actually helps you get an apprenticeship place. Mine doesn't at all i just need to find it myself, literally got 0 help even when i ask for it. (section is IT programming)... All my classmates got one through their connections, sadly i don't really have many especially in this field.

@djp1234 Год назад

I hope one day I'll be able to stay at a moon hotel.

@solosailorsv8065 2 года назад

Title is past tense, misleading. Space Mining is NOT yet "here"

@raysalter2270 2 года назад

Launching the factory to the Moon would create a captive labor pool, literally beholden to Luxembourg; they will take you there, but, any complaints about working conditions, well, you can't leave, you can't communicate, and if there's a strike, well, they just stop sending anything until the workers capitulate because if they don't they'll die. Never imagine such insanity wouldn't serve Luxembourg interests; Luxembourg will rule the Moon.

@lucankeyser2111 2 года назад

Delta V is absolutely predicting the future.

@nesseihtgnay9419 2 года назад

Way to keep that up little Luxemburg

@RoscoesRiffs 2 года назад

Brilliant! 😎

@lamebubblesflysohigh 2 года назад

Mining is relatively easy, refining on spot, delivering and retrieving the final product at cost competitive with on Earth production is hard.

@mr.cosmos5199 2 года назад

The products will really be very far fetched indeed.

@2kayBaby 2 года назад

*badum tss*

@jimme2020 2 года назад

Now someone needs to prove to the world , mining in space , building equipment, ships is much more profitable then the business of War.....Mankind needs to move up to the next level multi planetary, multi economies.......

@Heworldwide 2 года назад

I was confused at the thumbnail image of the video, isn’t Luxembourg further south lol

@bhuvaneshs.k638 2 года назад

I had no idea Luxembourg was this advance in space tech....

@jonesmatthew7511 2 года назад

relatively, small country

@user-vu4hr4fk3t 2 года назад

@@jonesmatthew7511 being a small country is just like transistors you are better off that way

@MrFujinko 2 года назад

They are not.

@il2197 2 года назад

Future will be rad

@bxbank 2 года назад

Luxembourg people are very very savvy.

@backacheache 2 года назад

On the list of famous sci-fi shows with space mining ships don't forget "Red Dwarf"

@diggleda2952 2 года назад

Bright leaders. We need bright leaders, frustratingly slow leaders are our downfall…

@MarsChroniken 2 года назад

Space Mining will play a vital role in human history in space!

@mayainverse9429 2 года назад

nooo? really. thanks for letting me know

@MarsChroniken 2 года назад

@@mayainverse9429 😂😂😂

@MR-uk7iy 2 года назад

Lol Made in China Box at the end....classic

@jitendrahbhalerao1878 2 года назад

Wonderful Great Apportunity Creator Luxemberg ⭐

@MrRennn802009 2 года назад

What happens if they stir up so much dust that it blocks the view of the moon surface ? It will settle but maybe not very fast

@vice.nor.virtue 2 года назад

Then our view will be dusty. That's it.

@L4wr3nc3810 2 года назад

@James Henry Smith your head is flat:\

@electroflame6188 2 года назад

The dust wouldn't hang in the air, since there is no air for it to hang in

@stevemickler452 2 года назад

Maana Electric should consider developing solar power satellites for the Moon and Mars. Surface solar is limited compared to sats that can be in constant sunlight and don't have to be landed. This is especially true for the Moon since polar orbiting sats can cover the poles with fewer sats and that's where the action is. Starlink on steroids would provide power, comm and positioning anywhere constantly.

@dereks1264 6 месяцев назад

Where's the PRC on that comparison of per capita space budgets? The PRC has become a major player in the space business (as, to a lesser extent, has India).

@mbabcock111 2 года назад

The Hudson's Bay Company should return to its glory days by moving humanity out in space as it did with its mercantile business for a couple centuries in North America. Perhaps issue shares and coordinate a Mars settlement and Deep Space Mining from Moonbase Alpha as the waypoint, collection and distribution hub for the inner solar system. Build up the manufacturing and R&D industry off world.

@bobshakor8184 Год назад

Next giant leap is to mine moon's Helium-3 as fuel for fusion reactors . Lunar post is utilized to mine Helium-3 and launch it through spin-launcher into Lunar orbit , where it's dispatched toward earth to power fusion reactors . The race is on to mine the next black gold : lunar Helium-3.

@nathanhyde2946 2 года назад

Thank you Luxembourg on the behalf of EU

@Deadnature 2 года назад

"Space mining is here". Narrator's voice: It wasn't.

@tonyagriffith8179 9 месяцев назад

I would love to do so for humanity and exploration and new resources

@pauldannelachica2388 2 года назад

Wow very nice

@CondenseFact 2 года назад

Way to have a vision, pick a growing niche market and focus your limited resources.

@spencervance8484 2 года назад

Anyone else getting an ad of "end the gender pay gap" Possibility #1 of why he makes more: he works more hours. #2: he has worked in whatever company longer #3: he is in a field that simply pays more like a medical doctor vs school teacher #4: his job is more hazardous or physically demanding.

@user-zi8ht1fi6c 2 года назад

They haven't mined anything, its just vaporware

@sheedyaja6465 2 года назад

time, it needs time

@mydogworriesalot1840 2 года назад

Interesting the Dutch had a "Golden Age" with the mercantile marine 👍📡 Live long and prosper.

@ronsmith1364 2 года назад

Need inexpensive simple cubesats to be developed as aggregators to collect defunct equipment as raw resources for Lagrange point stations. Repurposing material already present saves the cost of boosting new material to orbit. Manned space stations facilitating material harvest & conversion will promote collection of resources from closest objects. The stuff orbits & passes by already. Mana is developing a template for energy, need application of standard lego type modules for construction that can be developed for habitation & growth anywhere sunlight can be collected.

@ktms1188 2 года назад

Didn’t this end bad in some 90’s movie when they mined the moon? Great, someone call Sylvester Stallone of Jon Claude…

@SolutionsNotPrayers 2 года назад

Is it possible to throw a moon rock from the moon aimed at Earth for it to actually land on Earth or would the moon's gravity yank it back down?

@rochbrz4105 2 года назад

If you mean throw by hand. Nope, not possible. Thrown with some machine, sure, but it would burn on decent in our atmosphere. So it would have to be packed somehow or big enough.

@adityagunjal7104 2 года назад

Not by hand but hey we are throwing rockets from earth to moon so its very much possible with a machine

@LolUGotBusted 2 года назад

Ok bit of orbital mechanics lesson if you'd like: Imagine standing on the north pole of the Moon looking Earthward. The Moon is carrying you to your right -> If you launch an object by sufficient means to escape the Moon directly towards Earth it will occupy an orbit around the Earth somewhere between the two because it hasn't lost its lateral velocity. To hit the Earth you must launch to your left

@dave_sic1365 2 года назад

@@LolUGotBusted great explanation. I still know the feeling that I got as a kid when I figured out that the planets are perpetually falling into the sun. (But aren't because of speed)

@mayainverse9429 2 года назад

maybe not have enough strength with a human arm. but you could play catch with someone standing 30 miles apart.

@Barskor1 2 года назад

Mining in space needs to first be for building in space IE we need space manufacturing of large piece structure parts.

@CarlTheTacticalHoser 2 года назад

Nasa shouldve been space mining since day one. Whoa that containerized solar panel manufacturer has some serious 40K STC vibes 😮😮😮

@leisureclub_ 2 года назад

Why you written Space Mining in title of the video????

@trinadh-fr2xu 2 года назад

Great

@marshalleubanks2454 2 года назад

Is there a list of who is speaking when?

@satydharmishra6178 2 года назад

Hey guys, can anyone help me in questing answer of this question: how will adding up extraterrestrial material on earth impact gravity???

@sambitsahoo88 2 года назад

Gr8

@tombruigom7639 2 года назад

Mining minerals on the moon might change it's magnetic pull on the earth resulting in massive global flooding.

@thephantomofyoutube7346 2 года назад

1:00 long live the Galactic Duchy of Luxembourg

@maxwalker1159 2 года назад

Cool

@vice.nor.virtue 2 года назад

This comments section ranges from insanely positive and hopeful to insanely cynicle and hating

@Anon-fe1xm 2 года назад

All I need is the thumbnail and I know it’s Luxembourg

@fabriciofercher8317 2 года назад

We don't know how to live together on Earth, how the heel we will live together on Mars? Jacque Fresco

@hosermandeusl2468 2 месяца назад

Wars WILL be fought.

@jamolamo999 2 года назад

It’s more like where would space mining be if it wasn’t for science fiction

@rohitroll2119 2 года назад

3:34 "big and hard" 🌚🌚🌚

@JudgeDredd_ 2 года назад

THE SPICE MILANGE

@artski09 2 года назад

eponymous mining spaceship Red Dwarf

@bobhoven3959 2 года назад

Don,t worry be happy Europe 👍

@sspRkk 2 года назад

I'd love an opportunity to get a career in this field!

@steveweidig5373 2 года назад

Come to Luxembourg, they're always on the lookout for new talents.

@monkebetao 2 года назад

were my space farmers?

@CosmicValkyrie 2 года назад

Talk to me when you launch something into LEO.

@hanikofi4432 2 года назад

A intelligent management of resources, on earth, and beyond! : with the alternative system to monetary economy, which is named Resource Based Economy RBE! Please learn more about RBE. Thank you ❤️🗺️🖖🐇

@mlaksi79 2 года назад

We will never be interplanetary and we will never mine on the moon, especially on some distant planets.

@frankhuang5645 2 года назад

For a second I thought it says space marine is here

@user-vu4hr4fk3t 2 года назад

The smaller the country is the better to an extend that's why we should create more countries we are strong divided not united the German reunification was a mistake