A corporation will be supplying the needs of outer space for propellants and metals required to operate beyond earth. For the metallic components used for space technologies, we save the earth from the devastation when mining firms operate on them.

Instead, asteroids will be mined. These asteroids are rich in the minerals that we are currently utilizing to fabricate chemicals and metals requisite to the usage of our present technologies. These metals include iron, tungsten, platinum, magnesium and gold.

Deep Space Industries (DIS) is leading this field of potential business and has chosen a subsidiary in Luxembourg for its European operations. DIS is a U.S.-based asteroid mining company whose goal is to provide the capabilities, resources and systems integration required for the space industry to take off, Cosmo's Magazine reports.

Deep Space Industries had taken the queue from NASA's OSIRIS-Rex asteroid sample return mission. This mission has great potential that has triggered Deep Space Industries announcing its schedule to launch for interplanetary mining on a spacecraft they call Prospector-1. This announcement also progressed after the United States Senate has approved a law allowing people ownership of the goods they mine from outer space.

Prospector-1 weighs 50 kg only and is highly efficient. Plans to launch Osiris-Rex to an asteroid near earth named Bennu was revealed by NASA. This will lead to low-cost mining compared to local mining according to Deep Space Industries Chief Engineer Grant Bonin.

Deep Space Industries has partnered with Mexican Association, MxSpace, and signed an agreement to develop and promote the latest in space technologies and the business that will spurn from it. MxSPace is the leading organization of space companies in line with the aims and goals of Deep Space Industries.

Space mining is not only low cost in operations but it will usher the salvation of our essential environmental resources from wanton destruction done by mining firms.