Thu. Apr 15th, 2021
NASA wants to buy Moon resources mined by private firms-The Trending Updates

 

Washington: NASA is trying to find private companies from round the world which will grab lunar dirt and rocks, setting off the method of making a replacement marketplace for space resources.

Outlining its goal, the US space agency has said that it aims to finish. The retrieval and transfer of ownership of the resources before 2024. NASA has set the goal of landing the primary American woman and next man on the Moon by 2024.

And it’s not only one company that the US space agency is looking to get lunar resources from.

“The solicitation creates a full and open competition, not limited to US companies, and therefore the agency may make one or more awards,”

NASA Administrator Jim Bridenstine wrote during a blog post on Thursday.

As per the wants outlined by NASA, a corporation will collect. A little amount of Moon “dirt” or rocks from any location on the lunar surface. They provide imagery to the agency of the gathering. Therefore the collected material, along side data that identifies the gathering location.

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They will then need to conduct an “in-place” transfer of ownership of the lunar regolith or rocks to NASA. After ownership transfer, the collected material will become the only property of NASA for its use.

“NASA’s payment is exclusively for the lunar regolith, with any awardee receiving 10 percent at award, 10 per cent upon launch, and therefore the remaining 80 per cent upon successful completion,”

Bridenstine said, adding that the agency will determine retrieval methods for the transferred lunar regolith at a later date.

According to a report in The Verge, NASA is ready to pay between $15,000 and $25,000 for the resources. The amount appears to be quite meagre considering the cost required to send a spacecraft to the Moon, but the idea here is to start the process of creating a lunar marketplace, said the report.

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Industry group Commercial Spaceflight Federation has welcomed NASA’s decision. “We applaud @NASA’s announcement to shop for extracted lunar resources from commercial as another step towards a sustainable return to the Moon,”

The federation said during a tweet on Thursday.

The NASA Administrator said that when considering such proposals to shop for lunar resources from private companies, the agency would require.

“all actions be taken during a transparent fashion, fully compliance with. The Registration Convention, Article II and other provisions of the space Treaty, and every one of our other international obligations.”

“We are putting our policies into practice to fuel. A replacement era of exploration and discovery which will benefit all of humanity,” Bridenstine said.

 

 

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