Asteroid mining has been proposed as an approach to complement Earth-based supplies of rare earth metals and supplying resources in space, such as water. However, existing studies on the economic viability of asteroid mining have remained rather simplistic and do not provide much guidance on which technological improvements would be needed for increasing its economic viability. This paper develops a techno-economic analysis of asteroid mining with the objective of providing recommendations for future technology development and performance improvements. Both, in-space resource provision such as water and return of platinum to Earth are considered. Starting from first principles of techno-economic analysis, gradually additional economic and technological factors are added to the analysis model. Applied to mining missions involving spacecraft reuse, learning curve effect, and multiple spacecraft, their economic viability is assessed. A sensitivity analysis with respect to throughput rate, spacecraft mass, and resource price is performed. Furthermore, a sample asteroid volatile mining architecture based on small CubeSat-class spacecraft is presented. It is concluded that key technological drivers for asteroid mining missions are throughput rate, number of spacecraft per mission, and the rate in which successive missions are conducted.

1I/'Oumuamua (or 1I) and 2I/Borisov (or 2I), the first InterStellar Objects (ISOs) discovered passing through the solar system, have opened up entirely new areas of exobody research. Finding additional ISOs and planning missions to intercept or rendezvous with these bodies will greatly benefit from knowledge of their likely orbits and arrival rates. Here, we use the local velocity distribution of stars from the Gaia Early Data Release 3 Catalogue of Nearby Stars and a standard gravitational focusing model to predict the velocity dependent flux of ISOs entering the solar system. With an 1I-type ISO number density of ∼0.1 AU −3 , we predict that a total of ∼6.9 such objects per year should pass within 1 AU of the Sun. There will be a fairly large high-velocity tail to this flux, with half of the incoming ISOs predicted to have a velocity at infinity, v ∞ , > 40 km s −1 . Our model predicts that ∼92% of incoming ISOs will be residents of the galactic thin disk, ∼6% (∼4 per decade) will be from the thick disk, ∼1 per decade will be from the halo and at most ∼3 per century will be unbound objects, ejected from our galaxy or entering the Milky Way from another galaxy. The rate of ISOs with very low v ∞ 1.5 km s −1 is so low in our model that any incoming very low velocity ISOs are likely to be previously lost solar system objects. Finally, we estimate a cometary ISO number density of ∼7 × 10 −5 AU −3 for 2I type ISOs, leading to discovery rates for these objects possibly approaching once per decade with future telescopic surveys.

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Asteroid mining offers the possibility to revolutionize supply of resources vital for human civilization. Preliminary analysis suggests that Near-Earth Asteroids (NEA) contain enough volatile and high value minerals to make the mining process economically feasible. Considering possible applications, specifically the mining of water in space has become a major focus for near-term options. Most proposed projects for asteroid mining involve spacecraft based on traditional designs resulting in large, monolithic and expensive systems.An alternative approach is presented in this paper, basing the asteroid mining process on multiple small spacecraft. To the best knowledge of the authors, only limited analysis of the asteroid mining capability of small spacecraft has been conducted. This paper explores the possibility to perform asteroid mining operations with spacecraft that have a mass under 500 kg and deliver 100 kg of water per trip. The mining process considers water extraction through microwave heating with an efficiency of 2 Wh/g.The proposed, small spacecraft can reach NEAs within a range of ∼ 0.03 AU relative to earth's orbit, offering a delta V of 437 m/s per one-way trip.A high-level systems engineering and economic analysis provides a closed spacecraft design as a baseline and puts the cost of the proposed spacecraft at $ 113.6 million/unit. The results indicate that more than one hundred spacecraft and their successful operation for over five years are required to achieve a financial break-even point. Pros and cons of using small spacecraft swarms are highlighted and the uncertainties associated with cost and profit of space related business ventures are analyzed.

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