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We've all heard about the great riches that can be made by asteroid mining. A lot of articles and videos even describe asteroid mining as potentially the most lucrative business venture out there. Considering this, it would only make sense that SpaceX steps into asteroid mining as soon as possible in order to leverage the first mover's advantage and fund mars and their various other endeavors. However, you might be surprised to hear that Elon Musk thinks that there is no case for mining asteroids and bringing back the resources to earth to sell. For starters, Elon Musk believes that it will simply always be cheaper to simply mine here on earth. But more importantly, he'd rather focus on Mars especially given that he has limited time and manpower. This video explains the various challenges in asteroid mining and why Elon Musk and SpaceX aren't too interested in the idea.

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Timestamps:
0:00 - The Great Riches of Asteroids
1:22 - The Gravity Problem
2:46 - The Energy Problem
4:14 - Logistics
5:41 - No Purpose
7:01 - Split Resources
7:53 - Time

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Disclaimer:
This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.
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