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The going rate for a ton of iron ore is under $100. Pack 100 of those into a Starship, and your gross revenue will be a cool $10,000.
by teractiveodular 2y ago
The going rate for a ton of iron ore is under $100. Pack 100 of those into a Starship, and your gross revenue will be a cool $10,000.
- jessriedel 2y agoIron is not precious. Marked to market, 100 tons of platinum is worth $3.2B. That’s a bit more than half the annual world production, so the price would fall significantly, but still easily be more than $1B.
- lucubratory 2y agoExactly, and people complaining that the price would fall so it wouldn't really be "that" valuable are missing the forest for the trees. Having a hundred times more platinum available to our civilisation (and platinum being a hundred times cheaper) because there are 200 shiploads of it coming down a year is going to drive innovation & utility in ways we can't even predict yet. Same goes for every other precious metal we can get in abundance from asteroids.