Asteroids are minor celestial bodies floating through the solar system. They are made up of rocks and have been termed planetoids or miniature planets. The rock content of different asteroids may differ drastically, however everyone of them is rich in minerals. Being able to mine these untapped resources will have a revolutionary effect on Earth.

Right now there is a huge knowledge gap in what will be required to complete the mining process. Scientists will need to figure out an accurate way to identify exactly what minerals a particular asteroid contained. The next step would be to figure out what all equipment would be required to conduct a successful mining operation on the asteroid.

Would it be feasible to get all that equipment out into space and on to the asteroid with accuracy. How many people would be required to maintain the operation, both onsite as well as back on Earth to direct the mining operations. Then there would be a cost analysis to see if the amount of mineral mined would be worth the price of mining it.

Only if the entire science project was economically feasible would a business consider going through the entire process. Currently it may seem like science fiction, but we have seen stranger things come true in this decade alone.