Regulatory Landscape, Legal Framework, Technologies, Dynamics, and Market Feasibility
Space mining is the extraction and exploitation of resources from celestial bodies. Mining space’s resources has significant potential to revolutionize various industries and provide for a safe and sustainable space environment. It can also enable long-term space exploration missions and enable space colonization. Since space mining is still in its infancy, this study provides a comprehensive overview of space mining activities, its importance, and vital considerations.
This research examines different mining targets, their composition, and profitability. Resources such as water ice, precious metals, and rare earth elements are discussed, as well as the challenges, potential risks, and safety considerations regarding space mining operations. Legal considerations such as laws, regulations, and guidelines, as well as governing organizations, are presented and analyzed to provide an overview of the legal frameworks around space mining. Furthermore, the study emphasizes areas for further research and the future of space mining, as it is important to establish sustainable resource utilization methods for long-term space exploration.
