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I'm a newcomer to Bloomberg, this series brought me here and haven't been disappointed. In an age where bad news sells, it's refreshing and inspiring to see such amazing things on the horizon, things to look forward to and be excited for. Brilliant series Bloomberg, I hope this, or more like it continue!
@Jerrod Braley We will not care about the asteroids and the moon. We will use it just like a virus does to our body but without the resistance from the body. When there is nothing to harvest go to other asteroid and so on.. EDIT: This is what I understood from the video and I really believe it will happen
you should rename the BBC to PCTV. unfortunately british quality journalism (along with most anything else that is british) has become a thing of the ever more distant past. BBC is like the NHS.
@@ZackWolfMusic I've seen Saturn and it's rings with my own eyes just using some binoculars, you can see the ISS if you know where to look. There's math and scientific research and equations that if you study hard enough you can do yourself on paper that show how space and physics work. There are private agencies pioneering into space that will provide comercial space travel and if you're young enough you'll probably be able to see happen or maybe even travel to space yourself. There are literal videos of balloons sent out to space showing the travel frkm ground to space with no cuts including one video where a daredevil skydived from space onto earth this was a marketing stunt by Redbull. You don't have to trust government agencies to prove space is real and the earth is a globe. Lots of comercial and private companies are doing that for you. If you had enough money you could see yourself. In a survey by Yougov 11% of the population believes the earth is flat or is skeptical on a round earth. There are a total of 2,604 billionaires in the world. With those stats around 286 billionaires should theoretically either not belive in a globe or are skeptical. Yet noone has come forward trying to disprove a round earth or space which could change all of history and science. Because they know it'll be a waste of money theyll just find a ball in space and that's what the billionaires that did go to space find just a GLOBE in SPACE.
@@ihswap AL.L that stuff you so called see you can only see it through a filter lens. There is a difference of showing how space and PHYSICS work and proving it. Proving space is not possible not at all the cloest thing we have to space is low earth orbit. No space agency/ company is going to take a group of people to space, but if you wanna experience space there is space companies that let you experience space Virtual reality, not in reality, and if you had big money to go to space like 100k or 50k to buy a ticket to space you will only be in low earth orbit If not virtual reality. The red bull stunt was filmed in low earth orbit with a fish eye lens to show the fake pretend curvature of earth, fish eye lens, windows are one of the easiest ways people believe they live on a sphere round earth, if you buy a non fish eye lens attach to a ballon you will not see no curvature of earth, if we really on a olblate speriod earth that has curvature then we should be able to easily with a non fish eye lens thr curvature of earth, a fish eye lens is a concave lens that curves everything it records and this one of many reasons what make people believe earth is a sphere when in fact it is a flat earth. Don't trust the government agencies about space being real it is not space is science fiction that plays with your subconscious mind to make you believe it is true, space is a dream that why every space image is animated and CGI, painted art. Those so called billionaires you are talking about they don't give a care and also some of them don't wanna mention earth is flat because they will be ridiculed and made fun of and lose credibility. Earth is actually flat and yes it would change everything as we know it, you see the ball theory and it's heliocentric model is phesdo science just like astro PHYSICS also evolution big bang, dinosaurs earth being billions of years old is a hoax If the earth is billions of years old how are we in the year 2019? This is simple sh!t you should be asking yourself but yet you stay in denial of the truth earh being a flat plane. The BILLIONAIRES of this earth don't wanna spend money to show the masses the earth is flat it will show everything that has been hidden for thousands of years and will show how fake Nasa, space x and others are. Planets are not spheres they are lights in the firmament just like the sun and the moon and there is only seven planetary lights not that fake painting/ CGi video animation planets you get from Nasa that is made using Computer software. Don't trust BILLIONAIRES and Scientists they are fooling you. I can tell you are young probley in high school or very brainwashed in science fiction being real when in fact it is fiction.
I hope we don't muck up everything and only reason to go into space is because we are forced. The whole trend seems that way though. Whole history of man that no warnings are listened to, until we have dire sequences. Human's need to be remade
@@grgmetube Yep, we are always looking for a new planet that could hold human life so we might move there someday...how about taking care of the planet we call home now?
you take the moon and you take the moon and you take the moon and you take the moon and you take the moon and you take the moon and you take the moon and you take the moon and you take the moon and you take the moon and you take the moon and you take the moon and you take the moon
I'd love to see the US or any country, try to bring "freedom" to an advanced alien civilization that claimed that $700 quintillion asteroid already. I bet we'd try to do it in our infinite arrogance, get blown to kingdom come and the survivors would come back crying about how "oppressive" the aliens are
Some of the environmental benefits of mining in space instead of Earth include: It is easier to get from the Moon or some asteroids to low Earth orbit than it is to get from Earth to low Earth orbit. If we mine ice on either the Moon or asteroids, apply electrolysis to separate out the hydrogen and oxygen, we can use that as a propellant for satellites or space missions. This will mean fewer refuel launches from Earth, and having to relaunch fewer satellites (today they last ~20 years then run out of fuel so we relaunch them). Metals are becoming increasing harder to extract on Earth, with many of the concentrated, near surface deposits already being extracted. This leaves a number of deeper and less concentrated deposits with a greater impact to extract. As we are reliant on metals, extracting these from an asteroid and returning them to Earth may have less of an environmental impact. Helium 3 can be found on the Moon in abundance. While nuclear fusion technology seems to be some way off, if it were commercialised, a supply of helium 3 from the Moon could supply fusion reactors for clean energy. And an extra one not quite related to mining - but some people have proposed putting solar panels on the Moon and beaming the power back to the Earth’s surface to be collected and used.
That’s cool and all, but all I heard throughout this, was “money to be made”, we are always innovating to make other’s richer in monetary value, but what about the enrichment of the human species? I guess money > humans, am I right? Before you argue w/me that money is a driving factor for innovation, let’s argue why our health and knowledge shouldn’t be the driving factor in our lives.
I promise you guys I'll dedicate my life to space industry development based on future space exploration. My name will be in that Trillionaire list .. already creating my plan, strategy and ideas. You'll hear from me sooner or later
you should’ve have said “i could visit the moon one day” not see because we can see the moon everynight unless you are too sloth not doing anything at night or not looking up
This has always been my dream career ever since i was really young. I cant exactly say what drove me to this at that time, but i know what keeps me dreaming about it.
Absolutely, downright, brilliant production; educative, insightful, wonderfully exciting and inspirational. Thank you for this, Bloomberg and the team who made this video possible!
As Kurzgesagt mentioned in their video, the more reason to have a moon base to work from space. As your base is already on the moon, costs less then trying to go into orbit everytime.
This content is absolutely, downright, outstanding; it's educative, insightful, and overall magnificent. Bravo to the people who worked on these episodes! Bloomberg have been on FIRE with this series. ... I was in the middle of binge-watching when I realized Ep. 4 is currently the latest one. Now I'm sad.
If the price goes down on some type of metals, the use of that metal will go up, there lots of industrial application for silver and gold, but we might suffer from silver and gold burn out, because some people will go crazy with the stuff!
Matt Bershinsky if it was not for money, trading would be extremely inefficient. Mining asteroids would not really generate production value but will only create extreme inflation. Pretty much like what happened with the Spanish conquistadors. It would be pretty much like travelling to space in order to print money from a central bank printer. Completely unproductive with catastrophic consequences. Money should be unreproducible.
4:15 Actually you could have the opposite happen if the price changes the material might be used for things it is not now. Thus making the demand go up instead and the price correcting for that move.
There is an incredible amount of work behind those videos. Bloomberg deserves to be compensated. It's already stunning that we have access to such high-quality journalism just by watching some ads
Unless you understand that the point of this whole video is supposed to attract Investors for mining companies like Honeybee robotics or just spaceX etc.. That’s how you might be able to benefit from this too, by buying shares..
LOL this isn't about the numbers, this is about our next frontier, I don't think their point is about being a Trillionaire, its about the next economic enterprise in space would generate Trillions in general !
Exactly space is the next level in human evolution no doubt about it. Mining on the Moon and Mars will be productive only on-world while asteroids will be open to Earth.
I have been thinking of this concept for five years now and there it is, finally popped up as an idea. Keep in mind that we Humans are like any other animal, but we also came to require many things more than food. Nothing will drive a space race more than a race to exploit precious metals and other materials. Especially as our loneliness is growing bigger and our little planet becomes more and more of a precious jewel, all mining process on Earth will be eventually banned, very strictly.
man.. I don't know, I feel so sad right now, knowing that I'll probably never witness such things as space mining or deep space exploration. really born too early to explore the universe
How about one based on how much everything upsets the planets balance... cause that’s what keeps us alive and thus the most valuable thing by definition. Drive your car to work... -5 earth points, plant tree + 10 earth points... seriously if this video has a message it is that resources are not finite( we don’t know how to reverse their decay) and that they are worth so much more that money.... money is made up... it can’t be the thing that drives our ambition
We don't, really, it's just about organizing the mission and decreasing expenditure. You know how expensive and dangerous the Apollo missions were? Both the U.S. and Soviet Russia were willing to spare no expense in order to one up each other. Today's projected missions occurring in the next few years are being done in just the multi-millions rather than the multi-billions, and are nearly completely AI driven rather than human driven like the Apollo program.
Siriusly though, a tennis court's space is two dimensional. It is standardized, but the volume above and/or below it is not. So, as a unit of surface area fine... volume, not so much. And I would know. Tennis is my racquet, after all. ;) Truly, "cubic tennis court" seems a bit "lob-sided" to me. ;)
@@buraburee There is a fascinating video by Tom Scott that explains why the video quality crashes when a static-like image plays on the screen. It had to do with limited bandwidth.
This video was so well put together. Its accurate and relevant to what we are likely going to see in this industry without all the fake and unrealistic ideas that get thrown into most 'space' related videos. Loving it.
The first organization/country to do this successfully will cause A runaway Inflation similar to what Spain experienced when it took possession of the silver mountain in Peru.
"Bringing in needed materials would drop those materials' value to zero, so we can't do it." Humanity has gone insane. We have to find a way past the Profit-Before-Progress mindset
Providing everyone on earth with the rarest of resources that it takes money to mine. You can’t expect money to be used to extract something of value... to sell at a fraction, or even give away. Why not just restrict the majority from accessing it
youd just bring in the required amount and sell it for lesser prices. then mining companies selling the same products would just collapse and thats when profits start pouring in as you bring in more and more materials.
Bringing quintillions of gold would crash the world economy and the savings of millions of middle class people, while many billionaires have diversified investments.
Ugh.... The more of something you have the more it deprecates. You bring missive amounts of gold to earth or any other mettle, the value drops significantly, you would have a gold rush it be valued less then aluminum. What you mine in space will likely be used in space, and the most valuable thing you will likely ever mine in space, is water .
like what dude...another dumb "muh infinite scientific discoveries"...thinking that "sscientific discoveries" are infinite and things iwll always be better and more advanced is a fallacious argument.
I like how they mention that bringing an asteroid with tons of metals back to earth would make the price go way down and say it like that’s a bad thing.
'cause they think with 20th century mind. As Jeremy Rifkin says, we are towards a zero-cost society, with abundance of resources and exponential reduction of scarcity. For example, if space mining increase the total amount of platinum of course price of this material will fall but more products will be made with platinum because of that, creating new markets and new demands with every new product.
Well the person that was controling the RV was an asian and Playstations are made in Japan, so he was just helping out his country by using the Playstation instead of an Xbox.
@@ASLUHLUHC3 you're right, but there doesn't seem to be a plan for the infrastructure required for mass production of resources on the Moon within the next couple of decades. In the near future, resources from Earth will have to do.
@@ASLUHLUHC3 Most of the cost is the spaceship anyway because it takes years to came back and be reused. It's basically expandable so it doesn't matter if the fuel is taken from the moon or earth.
I guess what I'm failing to understand is why these materials can't be used for their general purposes. Example: Iron can be used for building, for forging. Gold also used in some construction, platinum, is of course used in a lot of our electronics. Why does everything have to revolve around what it's worth moneywise? We look so much at how much money we can gain form something, and the money value of something going up or down, that we forget all about an items general uses. It really is such a shame.
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No
Will I get endless access to continuous programming with my eyelids taped open? If so, sign me up!
GOLD WILL STABILIZE THE MARKET SELL THE GOLD.//
Allan ricardo kerr i want to be the next trillionair
This has been an outstanding series and I would love more futurist content.
There's a large demand for this content, but little supply
when the content is not about the views but the content itself!
Issac arthur
Whoa are you saying that the market don’t magically get to equilibrium. That’s blasphemous.
@@moazim1993 No, he's saying it hasn't reached equilibrium yet.
Atleast with this supply, its not possible to get high off it.
Just Imagine being Trill Gates
Lol yeah
Haha
😂😂😂😂👏🏾
who did you get this joke from? i want to know what he is doing now?
True and real
I'm a newcomer to Bloomberg, this series brought me here and haven't been disappointed. In an age where bad news sells, it's refreshing and inspiring to see such amazing things on the horizon, things to look forward to and be excited for. Brilliant series Bloomberg, I hope this, or more like it continue!
How to become a trillionaire
Rule 1: Must be a billionaire
rule 2 must be a millionaire
@Jerrod Braley We will not care about the asteroids and the moon. We will use it just like a virus does to our body but without the resistance from the body. When there is nothing to harvest go to other asteroid and so on..
EDIT: This is what I understood from the video and I really believe it will happen
so get a penny or a buck
@Don Mega implying Jeff Bezos does actual work lol
Willing to bet that all of you complaining about Bezos still buy products off of Amazon.
I'm old enough to remember when the BBC could produce science documentaries of this quality.
Thank you, Bloomberg.
it still does, but only recent ones were Brian Cox's Planets and David Attenborough's series. other than that yeah it's shite.
Just imagine, BBC commisioning series equal to '80s "Yes, Minister" now :D
Sometimes still does, well at least sometimes
I heard some fawlty towers episodes are even banned by the BBC
you should rename the BBC to PCTV. unfortunately british quality journalism (along with most anything else that is british) has become a thing of the ever more distant past.
BBC is like the NHS.
False, the first trillionaires were trying to buy bread in Zimbabwe. 🤣
Chris stfu
@@ZackWolfMusic your education is fake
I feel like space naysayers are just some really dedicated trolls whom enjoy our frustrations of them
@@ZackWolfMusic I've seen Saturn and it's rings with my own eyes just using some binoculars, you can see the ISS if you know where to look. There's math and scientific research and equations that if you study hard enough you can do yourself on paper that show how space and physics work. There are private agencies pioneering into space that will provide comercial space travel and if you're young enough you'll probably be able to see happen or maybe even travel to space yourself. There are literal videos of balloons sent out to space showing the travel frkm ground to space with no cuts including one video where a daredevil skydived from space onto earth this was a marketing stunt by Redbull. You don't have to trust government agencies to prove space is real and the earth is a globe. Lots of comercial and private companies are doing that for you. If you had enough money you could see yourself. In a survey by Yougov 11% of the population believes the earth is flat or is skeptical on a round earth. There are a total of 2,604 billionaires in the world. With those stats around 286 billionaires should theoretically either not belive in a globe or are skeptical. Yet noone has come forward trying to disprove a round earth or space which could change all of history and science. Because they know it'll be a waste of money theyll just find a ball in space and that's what the billionaires that did go to space find just a GLOBE in SPACE.
@@ihswap AL.L that stuff you so called see you can only see it through a filter lens. There is a difference of showing how space and PHYSICS work and proving it. Proving space is not possible not at all the cloest thing we have to space is low earth orbit. No space agency/ company is going to take a group of people to space, but if you wanna experience space there is space companies that let you experience space Virtual reality, not in reality, and if you had big money to go to space like 100k or 50k to buy a ticket to space you will only be in low earth orbit If not virtual reality. The red bull stunt was filmed in low earth orbit with a fish eye lens to show the fake pretend curvature of earth, fish eye lens, windows are one of the easiest ways people believe they live on a sphere round earth, if you buy a non fish eye lens attach to a ballon you will not see no curvature of earth, if we really on a olblate speriod earth that has curvature then we should be able to easily with a non fish eye lens thr curvature of earth, a fish eye lens is a concave lens that curves everything it records and this one of many reasons what make people believe earth is a sphere when in fact it is a flat earth. Don't trust the government agencies about space being real it is not space is science fiction that plays with your subconscious mind to make you believe it is true, space is a dream that why every space image is animated and CGI, painted art. Those so called billionaires you are talking about they don't give a care and also some of them don't wanna mention earth is flat because they will be ridiculed and made fun of and lose credibility. Earth is actually flat and yes it would change everything as we know it, you see the ball theory and it's heliocentric model is phesdo science just like astro PHYSICS also evolution big bang, dinosaurs earth being billions of years old is a hoax If the earth is billions of years old how are we in the year 2019? This is simple sh!t you should be asking yourself but yet you stay in denial of the truth earh being a flat plane. The BILLIONAIRES of this earth don't wanna spend money to show the masses the earth is flat it will show everything that has been hidden for thousands of years and will show how fake Nasa, space x and others are. Planets are not spheres they are lights in the firmament just like the sun and the moon and there is only seven planetary lights not that fake painting/ CGi video animation planets you get from Nasa that is made using Computer software. Don't trust BILLIONAIRES and Scientists they are fooling you. I can tell you are young probley in high school or very brainwashed in science fiction being real when in fact it is fiction.
Just imagine saying you own a space mining company
Sounds alpha as fuk.
I would be happy to call myself the human alien astronaut , let alone mining...lol
I will be saying that in 20 years
Red Faction
net worth: 1.4 Centillion dollars
Watching all this "technologies" make me understand that i wont live enough time to see all the cool Stuff in the future ...
Nobody lives long enough for that.
*Laughs in technological singularity
... said everybody in the past and will say I'm the future
I hope we don't muck up everything and only reason to go into space is because we are forced. The whole trend seems that way though. Whole history of man that no warnings are listened to, until we have dire sequences. Human's need to be remade
@@grgmetube Yep, we are always looking for a new planet that could hold human life so we might move there someday...how about taking care of the planet we call home now?
This lady sounds like she’s about to tell me my base is under attack 😂
Jay Jason
We have taken Objective Butter
Command & Conquer
"Your resource extractor is under attack!"
Best comment on UA-cam lmfao
or maybe all your base are belong to us?
Spoiler Alert:
It will be one of the billionaires.
yeah you got to be a billionaire to become a trillonaire
Apna Anime and have rich parents to become a millionaire
@@WaterDrinker011 thats fucking false
Jack Murohy imagine still believing in the American Dream
TheBiggest Grizzly 🤣
Gru was on to something when he stole the moon...
noobmaster69 lol
Facts
Someone watching a lot of animated movies!
you take the moon and
you take the moon and
you take the moon and
you take the moon and
you take the moon and
you take the moon and
you take the moon and
you take the moon and
you take the moon and
you take the moon and
you take the moon and
you take the moon and
you take the moon
Despicable me😂😂😂
I remember when millionaire was a term reserved for the extremely rich.
millionaires were the billionaires of "yesterday." Trillionaires will be the billionaires of "tomorrow."
These are just concepts. Main game is who controls what.
Who wants to be a Trillionaire?
*Jeff Bezos has entered the chat*
"resources like water...."
*Nestle has entered the Chat*
The funniest thing I’ve seen today 😂😂😂
Al Gore and his 2030 Agenda's budies... Haven't you a carbon tax already?
Jeff Bezos will be get there soon
@@paulnovak833 blue origin lol
😂😂
Earth: "we can't use water for fuel."
Space: "let's just use water for fuel."
Literally hehe.
Trust me if oil was on the moon they would use it.
Ivan Chernyshev no. There is natural occurring methane gas throughout our solar system. Methane is a hydrocarbon
Car running on water threatened the big oil interest..
Fuck high school chemistry class and them false hopes. 💩💩💩🌎⚰
There’s a car that runs on water man...
-Hyde, That 70s Show 😊
"And even returning the most valuable asteroids could drastically devalue those materials" - Price and value are not synonymous!
helo
I literally thought of mining on asteroids at 3am like 4 years ago, time to follow thru!
Hello
Asteroid in space worth 700 quadrillion dollars
Me: does anyone have a ladder
*quintillion
Get a hammer and chisel too while you are at it.
lol, you'd be climbing for weeks.
@@WorldWalker128 climbing for Life time lol
I have a ladder, & I only want 600 quadrillion for it 😂
Sounds like space needs a whole lot of freedom
(Eagle noise)
do i smell space oil
Lol, most people don’t know what eagles actually sound like so this is even more funny than you think it is
Made my day sir. Thank you! lmfao
@@johnperic6860 Unless you're Switzerland
I'd love to see the US or any country, try to bring "freedom" to an advanced alien civilization that claimed that $700 quintillion asteroid already. I bet we'd try to do it in our infinite arrogance, get blown to kingdom come and the survivors would come back crying about how "oppressive" the aliens are
Some of the environmental benefits of mining in space instead of Earth include:
It is easier to get from the Moon or some asteroids to low Earth orbit than it is to get from Earth to low Earth orbit. If we mine ice on either the Moon or asteroids, apply electrolysis to separate out the hydrogen and oxygen, we can use that as a propellant for satellites or space missions. This will mean fewer refuel launches from Earth, and having to relaunch fewer satellites (today they last ~20 years then run out of fuel so we relaunch them).
Metals are becoming increasing harder to extract on Earth, with many of the concentrated, near surface deposits already being extracted. This leaves a number of deeper and less concentrated deposits with a greater impact to extract. As we are reliant on metals, extracting these from an asteroid and returning them to Earth may have less of an environmental impact.
Helium 3 can be found on the Moon in abundance. While nuclear fusion technology seems to be some way off, if it were commercialised, a supply of helium 3 from the Moon could supply fusion reactors for clean energy.
And an extra one not quite related to mining - but some people have proposed putting solar panels on the Moon and beaming the power back to the Earth’s surface to be collected and used.
Water 💧 is the most valuable thing to start mining in space, to make fuel, to make everything else in space vastly cheaper.
"The first Trillionaires will be those who mine asteroids"
*Jeff Bezos has entered the chat*
he is already in that game for several years now.
Lol Elon Musk is in the chat for over a decade
Elon: Oh hey Jeff, Fashionably late as usual?
@Derek Ross For a while before they get devalued back to billionaires.
Still, expect an explosion once space mining is a thing.
Trillionairs already exist big banking families.... when the dollar inflates away everyone will be trillionaires.
Human: How much zeros you want in your price tag?
Astroids: Yes
That’s cool and all, but all I heard throughout this, was “money to be made”, we are always innovating to make other’s richer in monetary value, but what about the enrichment of the human species? I guess money > humans, am I right? Before you argue w/me that money is a driving factor for innovation, let’s argue why our health and knowledge shouldn’t be the driving factor in our lives.
I promise you guys
I'll dedicate my life to space industry development based on future space exploration. My name will be in that Trillionaire list .. already creating my plan, strategy and ideas. You'll hear from me sooner or later
Same energy here
øk
Subscribed for updates
same enthusiasm here
See you soon
Omg the Future looks amasing. I hope i can afford to see the moon one day.
Look up
Buy a telescope
You can, just look up to the sky at night.
@@joeking433 🤣
you should’ve have said “i could visit the moon one day” not see because we can see the moon everynight unless you are too sloth not doing anything at night or not looking up
Mr Beast: "First to mine dabba de gets to keep 100 trillion Dollars"
I don't get it please enlighten me. What am I missing?
@@drane1210 dabba de is the most expensive asteroid and mr beast makes a lot of videos like: last hand off of [insert random thing here] keeps it
@@yeaiamtrill thanks for the info i tried to look it up but didn't find nothing so I assumed it was an anime or Minecraft reference
This has always been my dream career ever since i was really young. I cant exactly say what drove me to this at that time, but i know what keeps me dreaming about it.
Absolutely, downright, brilliant production; educative, insightful, wonderfully exciting and inspirational. Thank you for this, Bloomberg and the team who made this video possible!
As Kurzgesagt mentioned in their video, the more reason to have a moon base to work from space. As your base is already on the moon, costs less then trying to go into orbit everytime.
This content is absolutely, downright, outstanding; it's educative, insightful, and overall magnificent.
Bravo to the people who worked on these episodes!
Bloomberg have been on FIRE with this series.
...
I was in the middle of binge-watching when I realized Ep. 4 is currently the latest one.
Now I'm sad.
Fear not - there's another awesome series starting this week called Moon Shot! Stay tuned.
Lol this video triggered flashbacks of eve online for me lol
I clicked on this video to make this comment but thank you for doing it for me
Hopefully SpaceX won't have to worry about being ganked by a UFO
These first generation mining drones are, like really crappy. Must be cheap on the "market"
Wish I can live long enough for Capsuleers to exist lol
o/
These minerals are expensive because of the rarity of them, once mining gets going the prices will come down significantly
Or they will artificially inflate it like diamonds. Or maybe we'll start building much more due to cheap prices
If the price goes down on some type of metals, the use of that metal will go up, there lots of industrial application for silver and gold, but we might suffer from silver and gold burn out, because some people will go crazy with the stuff!
Matt Bershinsky if it was not for money, trading would be extremely inefficient. Mining asteroids would not really generate production value but will only create extreme inflation. Pretty much like what happened with the Spanish conquistadors. It would be pretty much like travelling to space in order to print money from a central bank printer. Completely unproductive with catastrophic consequences. Money should be unreproducible.
Matt Bershinsky total elimination of Money? You are joking right it will never happen
Exactly what they explained in the video?
4:15 Actually you could have the opposite happen if the price changes the material might be used for things it is not now. Thus making the demand go up instead and the price correcting for that move.
Yes the something something paradox
Four ads per video... I guess Bloomberg wants to be a trillionaire.
install Slimjet
Get ADD Block :)
There is an incredible amount of work behind those videos. Bloomberg deserves to be compensated. It's already stunning that we have access to such high-quality journalism just by watching some ads
Nestle: Water is not a basic human right, it's everywhere in space anyone can just go there and get it
You guys are killing it lately with the content. You can be sure we want much more of it! Science and Tech for life
These guys drilling tech is like something out of Frank Herberts' Dune novel.
"The Spice Must Flow"
Who wants to be a trillionaire?
Me: I want to be one.
You have to mine asteroids.
Me: Okay. Bye.
Unless you understand that the point of this whole video is supposed to attract Investors for mining companies like Honeybee robotics or just spaceX etc.. That’s how you might be able to benefit from this too, by buying shares..
Yes
seem like hanna.. kk
@@TheTribal88 The point these investors are attracted is... ah... who am I to explain anything anyways???
I want to be one, I'll try!
Dead Space taught me it is a terrible idea to mine asteroids.
This isn't dead space
@@jo_nm9484 It's Liven't space
Just bring big weapons
was looking for you have a thumbs up
15:00 - "okay okay hear me out, we're not going to LAND on the asteroid, we're going to EAT it instead"
Others: How to be trillionaire!
My friend: how to be rich while sleeping.
And wake up broke.
It’s an unimaginable number: trillion
When most of us in a lifetime barely make 1 million
Lets hope they share the wealth next time.
Actually most Americans will make 1MM over a lifetime. Not save it though obviously.
LOL this isn't about the numbers, this is about our next frontier, I don't think their point is about being a Trillionaire, its about the next economic enterprise in space would generate Trillions in general !
@@The_General_Zubas It would be harder to keep that wealth I think. But people will find a way to stay rich by being cheap as hell.
@@mattstorm360 I don't believe it would difficult to keep it when it's that much
I am loving with this series Blomberg 🥰
@Crebs Park
Why does that matter?
It doesn’t matter and I love this series too....
When we start mining in space
New level unlocked.
Haha, then everyone receives that x box achievement unlock pop up
Exactly space is the next level in human evolution no doubt about it. Mining on the Moon and Mars will be productive only on-world while asteroids will be open to Earth.
Supply goes up, price comes down... So wouldn't be as valuable once you have it
I have been thinking of this concept for five years now and there it is, finally popped up as an idea.
Keep in mind that we Humans are like any other animal, but we also came to require many things more than food. Nothing will drive a space race more than a race to exploit precious metals and other materials. Especially as our loneliness is growing bigger and our little planet becomes more and more of a precious jewel, all mining process on Earth will be eventually banned, very strictly.
Very common idea.
man.. I don't know, I feel so sad right now, knowing that I'll probably never witness such things as space mining or deep space exploration.
really born too early to explore the universe
Sad yet humbling feeling...
Don't worry in time you will get your chance.
Hold my coffee, ...
Got about ohhh three years? Seriously ... asked.
you born early to experience fresh air, healthy food, loyal people around you. Blessed
"Space mining..."
* Stellaris players has entered the chat*
👀
Space mining: EVE has warped into the chat
Space mining? Elite Dangerous has entered the chat
EVE online
30 years from now... Minecraft Space Edition Released
Mr beast's great grand son : first to mine asteroid keeps it metals😂
im ded
Haha ight bet
This isn’t a bad thing it just means we need to develop a new economy and economy not based on scarcity but on abundance
How about one based on how much everything upsets the planets balance... cause that’s what keeps us alive and thus the most valuable thing by definition. Drive your car to work... -5 earth points, plant tree + 10 earth points... seriously if this video has a message it is that resources are not finite( we don’t know how to reverse their decay) and that they are worth so much more that money.... money is made up... it can’t be the thing that drives our ambition
“Seven hundred quintillion dollar”
Enough to pay for reparations.
@@arnowisp6244 to whom? Single mother or drug addicts🌚
It's quite ironic that we still have trouble managing to land on the surface of the moon more than 50 years later from the first moon landing.
We don't, really, it's just about organizing the mission and decreasing expenditure. You know how expensive and dangerous the Apollo missions were? Both the U.S. and Soviet Russia were willing to spare no expense in order to one up each other. Today's projected missions occurring in the next few years are being done in just the multi-millions rather than the multi-billions, and are nearly completely AI driven rather than human driven like the Apollo program.
14:55 Brilliant. I have never before heard "cubic tennis court" used as a unit of volume. Love it.
I guess it will serve. ;)
Siriusly though, a tennis court's space is two dimensional. It is standardized, but the volume above and/or below it is not. So, as a unit of surface area fine... volume, not so much. And I would know. Tennis is my racquet, after all. ;) Truly, "cubic tennis court" seems a bit "lob-sided" to me. ;)
Fly me up I'll jump out with a pickaxe and boom we got unlimited resources
I was thinking about that too
Soon we'll have real "Belters", and then we can live the Expanse
No we won't
I think the use centrefugal gravity in space habitats would prevent that.
I love the expanse series 😍😍
@@mileskilometer6401 season 4 coming up
oi, belta lowda :D
1:39
Wow, UA-cam's compression algorithms did not like that!
it's fine in 4K ;)
I thought it was my connection
@@buraburee There is a fascinating video by Tom Scott that explains why the video quality crashes when a static-like image plays on the screen. It had to do with limited bandwidth.
Space mining: *exist
Asteroids: why do i hear boss music ?
Oml that was atrocious
"Put the asteroid in a bag and manipulate it in a practical way"
Transastra, you're a delight
Imagine being the 1% who is actually concerned with this
THE 0.1% ACTUALLY
"Concerned". It's really a wet dream, if one sees the state the world is
DestroyerOfWorlds name checks out
there are about 2000-2500 billionaires on 7.7 billion of people
@@franklyerlool3554 Ignorant. You have no idea. I bet you're the kind of person who doesn't see the point in driverless cars.
Our bodies are naturally selected for the earth environment. We need new bodies for space.
maybe lets start with somebody elses moon
1 million subs and 13,000 views hahaha
Lol you’re still a thing?😹
You seem happy.
I want some of that unobtanium.
Avatar 2 incoming
Oakley has it
This video was so well put together. Its accurate and relevant to what we are likely going to see in this industry without all the fake and unrealistic ideas that get thrown into most 'space' related videos. Loving it.
I was a trillionaire.
But then I woke up.
feel u :(
The first organization/country to do this successfully will cause
A runaway Inflation similar to what Spain experienced when it took possession of the silver mountain in Peru.
It better be America, or our country is fucked. The real Cold War won’t end for a long time to come
I'm not so sure. It will be a gradual increase of valuable resources. We're not going to bring an entire asteroid down to Earth all at once.
"space may be the final frontier, but its made in a Hollywood basement..." - RHCP
So true .... Just like CNN
All hail Frusciante
Thank you Bloomberg for making this series.
This is a road map of innovative companies to invest in. Thank you
Exactly
"Bringing in needed materials would drop those materials' value to zero, so we can't do it." Humanity has gone insane. We have to find a way past the Profit-Before-Progress mindset
My thought was exactly that
Jaimie Bailey exactly
So basically screw sharing it with the people to make all life easier
They can’t have that
Providing everyone on earth with the rarest of resources that it takes money to mine. You can’t expect money to be used to extract something of value... to sell at a fraction, or even give away. Why not just restrict the majority from accessing it
youd just bring in the required amount and sell it for lesser prices. then mining companies selling the same products would just collapse and thats when profits start pouring in as you bring in more and more materials.
Bringing quintillions of gold would crash the world economy and the savings of millions of middle class people, while many billionaires have diversified investments.
I would love to see my kids going in to this field. Since It even could some day make silver wiring practical at large scale like motors,etc.
Fantastic series - both entertaining, informing and inspiring. I'd love to see more of the kind!
Don't worry. Someday we'll all be rich when one of these metal giants brings every person on earth it's riches.
This is the best series you guys have ever done. Keep em' coming.
3:30 iron, nickel, platinum and even gold. uh... platinum is more valuable than gold.
I will make artificial crude oil in space. It's gonna be more valuable
One of the greatest series of all time!
Ugh.... The more of something you have the more it deprecates. You bring missive amounts of gold to earth or any other mettle, the value drops significantly, you would have a gold rush it be valued less then aluminum. What you mine in space will likely be used in space, and the most valuable thing you will likely ever mine in space, is water .
Actually gold would devalue since the supply would increase by alot.
They literally said that
Imagine the new things we will discover once we tap into space resources, so many new technologies
Trapped at
like what dude...another dumb "muh infinite scientific discoveries"...thinking that "sscientific discoveries" are infinite and things iwll always be better and more advanced is a fallacious argument.
@@freedomordeath89 u need help
I'm just like reality over fantasy bullshit.
19:01 No one can make a woman-driver joke on her.
Fritz Asuro Why? Its super easy to drive there!
I like how they mention that bringing an asteroid with tons of metals back to earth would make the price go way down and say it like that’s a bad thing.
'cause they think with 20th century mind. As Jeremy Rifkin says, we are towards a zero-cost society, with abundance of resources and exponential reduction of scarcity. For example, if space mining increase the total amount of platinum of course price of this material will fall but more products will be made with platinum because of that, creating new markets and new demands with every new product.
If a price goes down, probably does the profit
I'm going to call my deep space mining ship USCSS Nostromo.
no, not that one, it,s going to get sidetracked to answer to any tiny radio signal and your chest will explode!!!
What do you mean ? Why would such an unlikely thing happen? XP I'm in love.....My chest is exploding already........ ;>P
In the end moon have holes like a cheese in Tom and Jerry
What could possibly go wrong with that scenario.
@@agentsmidt3209 pff digging into the moon nothing could go wrong .... I am a right guys?
Imagine what we could achieve as a species if we were not shackled by dollars.
it would be wonderfull if we could violate laws of physics somehow
Image what we can do if we are all under one nationality
We wouldnt be able to achieve anythings . Capitalism and profiteering is the only way to achieve extraordinaries .
It's the endless wars that hold us back!!!
Yeah just amagine lol, no more billionaires buying people's vote
I wish so badly that I'm alive to see at least some human presence in space...
!!
9:55
Even nasa prefers using PS4 over xbox😂
ben shalev XBOX series x: Am I a joke to you?
Yes
Well the person that was controling the RV was an asian and Playstations are made in Japan, so he was just helping out his country by using the Playstation instead of an Xbox.
@@razorfox3968 lol you must be a sad xbot to have to think of that
@@razorfox3968 Xbox sells nothing in Japan. Mostly it sells come from US
fusion energy and the unlimited resourses out in astriods and other plants will be 2 things that will no doubt send us to infintiy and beyond
My astronomy professor said “going to the moon is no longer valuable due to research done 50 years ago”. He was dead wrong.
That statement he made is stupid in itself.
Is he still a Professor??? ...Oh that's right ...you said fifty years ago!!! Sorry......
We can restart those old mines on the moon
Just use the 'Drill-O-Matic' Mining Excavator
Love the entire series so far, well done
4:08 Best part.
🤣
Jeffery Askins 😂 you a fool
now FRICK
I really hope sometime i can do this or change the world . i really hope the best to everybody that has the same ideas as me .
I have a dream of creating my own asteroid mining company, both to extract metals and to extract water for fuel.
You will.
3:37 mins of my life that i will never get back!!
When they mention the automated freight train for space mining I was definitely thinking Factorio :)
It's all fun and games 'til someone starts harvesting asteroids.
Its me!!
Wow this video makes me excited for the future of space. I really hope that I will get out there some day. :)
8:15 great idea. That will great help for the Mars mission.
With the lower cost of their rockets spaceX will just send fuel to space directly from earth instead of the moon.
No, it will always be more economical to get resources off the moon.
@@ASLUHLUHC3 So refuel everything Via the moons Water? Logical, since the gravity is much lower.
@@ASLUHLUHC3 you're right, but there doesn't seem to be a plan for the infrastructure required for mass production of resources on the Moon within the next couple of decades. In the near future, resources from Earth will have to do.
@@ASLUHLUHC3 Most of the cost is the spaceship anyway because it takes years to came back and be reused. It's basically expandable so it doesn't matter if the fuel is taken from the moon or earth.
feel like i need to be a billionaire to START mining
Or you can work in such company and work your way up
@@redi6460 yea by the time you work yourself up there you'll be nearly dead
@@davidgilbert2009 sundar Pichai became CEO of Google in 11 years of joining google. Now he earns millions.
@@redi6460 that's literally 000.1% chance
I guess what I'm failing to understand is why these materials can't be used for their general purposes. Example: Iron can be used for building, for forging. Gold also used in some construction, platinum, is of course used in a lot of our electronics. Why does everything have to revolve around what it's worth moneywise? We look so much at how much money we can gain form something, and the money value of something going up or down, that we forget all about an items general uses. It really is such a shame.