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AstroForge is an aerospace company based in Huntington Beach, California, and was founded by Matthew Gialich and Jose Acain on January 10, 2022.The company is working on developing asteroid mining technologies, aiming to become the first commercial entity to do so.
Asteroid mining is the hypothetical extraction of materials from asteroids and other minor planets, including near-Earth objects. [1] Notable asteroid mining challenges include the high cost of spaceflight, unreliable identification of asteroids which are suitable for mining, and the challenges of extracting usable material in a space environment.
With minerals in short supply on Earth, private companies such as California-based AstroForge and international space agencies are turning to the prospect of asteroids in space.
The ASX has traditionally hosted a large number of relatively small and early-stage companies due to a long history of mining exploration ventures in Australia. [3] Accordingly, companies with market capitalization of as little as $5–$10m are able to list on the ASX and are not restricted to a secondary market- they list on the main exchange. [4]
However, asteroid mining is resource-heavy and involves identifying, capturing, and extracting these valuable resources from the asteroid. The Asteroid Belt: An Untapped Wealth
The In this article, we will be taking a look at the 16 biggest mining companies in the world. To skip our detailed analysis, you can go directly to see 5 biggest mining companies in the world.