Opportunities of unfathomable scale like this are so intriguing, because the solution is not limited by cost - only by our technological abilities
I'm not so sure... The valuation seems a bit absurd to me. Using the same valuation system, what would be the valuation of Earth?
Cost of extraction and transportation is still (and always) a consideration. Would the asteroid be significantly cheaper to mine than metal-rich veins on Earth? Even given hypothetical technology, could we not apply the same technologies to mine the same metals here on Earth cheaper?
I don't know the answers to these questions, but they're interesting to ponder.
Google says Earth is worth $5 quadrillion.
So this one asteroid is four or five orders of magnitude more valuable than everything we’ve ever known