Author Topic: Musk's asset accrual and paying for Mars  (Read 123473 times)

Offline OTV Booster

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Re: Musk's asset accrual and paying for Mars
« Reply #180 on: 07/26/2020 10:40 pm »
ISTM it's easier to make the case for mining in space for manufacturing in space, not back on Earth unless producing the finished product is not possible here.
BINGO! Enter Mars.
Warning: Arm waving and a long view. This is more about the Musk Mars Foundation or future SpaceX than the man himself.

If the resources are there, asteroid resources to Mars has lower transport costs than to Earth, and a greater value on Mars. Mars has a strong incentive for native spaceflight capability even without asteroid mining and will not be lacking the talent (especially after SpaceX transfers headquarters and at least some of its engineering). SX would probably focus on space transport and infrastructure rather than asteroid mining itself.

It's not that great an energy step from Mars orbit onto the asteroids. It's also reasonable to expect Mars to become a hub for automation technology because it will face a labor shortage like that faced by North America that led to 'Yankee ingenuity'. Automated survey and exploration of the asteroids will be a 'relatively' inexpensive endeavor.

If worthwhile resources are found the raw ore might be processed in situ, shipped back to Mars or conceivably inserted into an elliptical orbit to bring it in closer to the Sun for a richer solar power environment. If a little bit of gravity can help, Mars has two convenient rocks orbiting it.

My expectation is that if Mars is looking for an industrial export, it will be space related. If SLS is any indication, once Musk leaves Earth, Mars will build it cheaper (aww, it's only a little snark). With asteroid resources and strong orbital infrastructure, it all fits together. Interesting point: One of the first profitable products from the new world was timber to build the ships used to get to the new world. Colonial shipbuilding followed but I can't find any firm dates.

Timeframe: first mars based asteroid exploration within 25 years of the first landing. After that, it depends on what they find.

Phil


Edit to add: while gold has a lot of cache and some practical uses, I'd get more excited if a rich titanium deposit were found. Picture the next generation SS built out of titanium.
« Last Edit: 07/26/2020 10:45 pm by OTV Booster »
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Offline oldAtlas_Eguy

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Re: Musk's asset accrual and paying for Mars
« Reply #181 on: 07/26/2020 11:10 pm »
Ok lets look at space business / industry scale. SpaceX currently has a annual revenue of <$2B. It is considered a large space company. So specialized space mining companies with annual revenues of $5B would be a big company. Every Mid sized company like that buy transportation of about $1B is a lot of Starship launches. If Starship Launches are as high as $50M each then that is 20 launches for each such company. With a few dozen such companies supporting the ISRU material for other similar sized or larger more finished product space companies you can quickly get to a launch demand from Starship or similar launchers of >500 launches a year of 100mt+ LVs. So the scale of just $60B in mining results in a huge demand for transportation as well as a demand for communications. Both of which SpaceX is heavily in the forefront.

So stop thinking about the macro cases and think more about the micro cases where small and medium business of all kinds can make for a very large space industry in total: mining, manufacturing, chemical (propellants and other), power, transportation, communications,... $50B for this nich, $50B for that nich and  you quickly add up to over a $1T.

Online Robotbeat

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Re: Musk's asset accrual and paying for Mars
« Reply #182 on: 07/27/2020 12:53 am »
ISTM it's easier to make the case for mining in space for manufacturing in space, not back on Earth unless producing the finished product is not possible here.
Ah! Then you're talking about a *secondary* market! The primary market you're selling to, "manufacturing in space," is going to necessarily have higher revenue... It's an accounting identity. Might as well get into "manufacturing in space"...
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Offline ncb1397

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Re: Musk's asset accrual and paying for Mars
« Reply #183 on: 07/27/2020 04:58 am »
I found this interesting:

Quote
But maybe nature doesn’t always know best. Claudia Turro and colleagues at the Ohio State University have now developed a rhodium catalyst that performs both of these tasks, harvesting light and then using its energy to create hydrogen gas (Nat. Chem. 2020, DOI: 10.1038/s41557-019-0397-4). The catalyst is more efficient than previous examples that combine these two functions in a single molecule, and unlike rival catalysts it can make full use of the Sun’s spectrum, including red and infrared light. “It’s easy to prepare, and it’s also stable in air and water, which is not the case for many previous systems,” Turro says.

Many artificial photosynthesis systems use a mix of molecules to drive water-splitting reactions, making oxygen and hydrogen. The hydrogen side of this process generally relies on a photosensitizer that absorbs light to generate excited electrons. Those electrons are transferred to a hydrogen-evolving catalyst, which brings them together with two protons to make hydrogen gas. “But whenever you have charge transfer from the light absorber to the catalyst, there are going to be energy losses,” Turro says.

Keeping the charge transfer step within the same molecule should avoid those losses. But previous complexes that act as both light absorber and catalyst for hydrogen generation have been unstable, sluggish, and unable to absorb red or infrared light.
https://cen.acs.org/energy/renewables/Rhodium-photocatalyst-does-double-duty/98/i4

Now, you can't necessarily industrialize stuff like this on a massive scale as the Rhodium supply is only about 30 t per year and some of that is recycled (and most of it is needed for catalytic converters). Who knows what applications would be found or are known but ignored because the supply just isn't there for large scale high volume commercialization. Now, imagine you increase the supply by 100x collapsing the price of rhodium from quarter million per kg down to a paltry $25,000 per kilo. 3000 t of Rhodium and $25,000 per kilo is a good $75 billion per year in revenue (more revenue than is made currently at $250,000/kilo and 30 t or $7.5 billion per year). So, I wouldn't treat mining values for some rare elements as a zero sum game (It is possible the annual revenue is constrained by the rarity even if rarity helps the unit prices).

In other words, if people can find more value in mining, the share of global GDP that is mining related will increase. Finding more value in mining could be correlated with the mineral potential that you can tap. The mineral potential that you can tap is increased as you expand your resource base beyond earth based sources. For example, if you live on a water planet with just a couple of islands, you would expect mining minerals not to be a very big past time and job creator. GDP would be associated with something else like fishing or boat building. If these people were to expand to other planets that had more mineral resources, people might make the argument that mining makes no economic sense as it is a small percentage of GDP. But such a thing isn't true. They don't know what they are missing out on.
« Last Edit: 07/27/2020 05:11 am by ncb1397 »

Online Slarty1080

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Re: Musk's asset accrual and paying for Mars
« Reply #184 on: 07/29/2020 02:03 pm »
I found this interesting:

Quote
But maybe nature doesn’t always know best. Claudia Turro and colleagues at the Ohio State University have now developed a rhodium catalyst that performs both of these tasks, harvesting light and then using its energy to create hydrogen gas (Nat. Chem. 2020, DOI: 10.1038/s41557-019-0397-4). The catalyst is more efficient than previous examples that combine these two functions in a single molecule, and unlike rival catalysts it can make full use of the Sun’s spectrum, including red and infrared light. “It’s easy to prepare, and it’s also stable in air and water, which is not the case for many previous systems,” Turro says.

Many artificial photosynthesis systems use a mix of molecules to drive water-splitting reactions, making oxygen and hydrogen. The hydrogen side of this process generally relies on a photosensitizer that absorbs light to generate excited electrons. Those electrons are transferred to a hydrogen-evolving catalyst, which brings them together with two protons to make hydrogen gas. “But whenever you have charge transfer from the light absorber to the catalyst, there are going to be energy losses,” Turro says.

Keeping the charge transfer step within the same molecule should avoid those losses. But previous complexes that act as both light absorber and catalyst for hydrogen generation have been unstable, sluggish, and unable to absorb red or infrared light.
https://cen.acs.org/energy/renewables/Rhodium-photocatalyst-does-double-duty/98/i4

Now, you can't necessarily industrialize stuff like this on a massive scale as the Rhodium supply is only about 30 t per year and some of that is recycled (and most of it is needed for catalytic converters). Who knows what applications would be found or are known but ignored because the supply just isn't there for large scale high volume commercialization. Now, imagine you increase the supply by 100x collapsing the price of rhodium from quarter million per kg down to a paltry $25,000 per kilo. 3000 t of Rhodium and $25,000 per kilo is a good $75 billion per year in revenue (more revenue than is made currently at $250,000/kilo and 30 t or $7.5 billion per year). So, I wouldn't treat mining values for some rare elements as a zero sum game (It is possible the annual revenue is constrained by the rarity even if rarity helps the unit prices).

In other words, if people can find more value in mining, the share of global GDP that is mining related will increase. Finding more value in mining could be correlated with the mineral potential that you can tap. The mineral potential that you can tap is increased as you expand your resource base beyond earth based sources. For example, if you live on a water planet with just a couple of islands, you would expect mining minerals not to be a very big past time and job creator. GDP would be associated with something else like fishing or boat building. If these people were to expand to other planets that had more mineral resources, people might make the argument that mining makes no economic sense as it is a small percentage of GDP. But such a thing isn't true. They don't know what they are missing out on.
Sounds good but refining Rhodium will be fun due to the range chemicals needed and the range of chemicals needed to recycle those chemicals.
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Online Slarty1080

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Re: Musk's asset accrual and paying for Mars
« Reply #185 on: 07/29/2020 02:24 pm »
ISTM it's easier to make the case for mining in space for manufacturing in space, not back on Earth unless producing the finished product is not possible here.
BINGO! Enter Mars.
Warning: Arm waving and a long view. This is more about the Musk Mars Foundation or future SpaceX than the man himself.

If the resources are there, asteroid resources to Mars has lower transport costs than to Earth, and a greater value on Mars. Mars has a strong incentive for native spaceflight capability even without asteroid mining and will not be lacking the talent (especially after SpaceX transfers headquarters and at least some of its engineering). SX would probably focus on space transport and infrastructure rather than asteroid mining itself.

It's not that great an energy step from Mars orbit onto the asteroids. It's also reasonable to expect Mars to become a hub for automation technology because it will face a labor shortage like that faced by North America that led to 'Yankee ingenuity'. Automated survey and exploration of the asteroids will be a 'relatively' inexpensive endeavor.

If worthwhile resources are found the raw ore might be processed in situ, shipped back to Mars or conceivably inserted into an elliptical orbit to bring it in closer to the Sun for a richer solar power environment. If a little bit of gravity can help, Mars has two convenient rocks orbiting it.

My expectation is that if Mars is looking for an industrial export, it will be space related. If SLS is any indication, once Musk leaves Earth, Mars will build it cheaper (aww, it's only a little snark). With asteroid resources and strong orbital infrastructure, it all fits together. Interesting point: One of the first profitable products from the new world was timber to build the ships used to get to the new world. Colonial shipbuilding followed but I can't find any firm dates.

Timeframe: first mars based asteroid exploration within 25 years of the first landing. After that, it depends on what they find.

Phil


Edit to add: while gold has a lot of cache and some practical uses, I'd get more excited if a rich titanium deposit were found. Picture the next generation SS built out of titanium.
There's loads of  ilmenite and titanium dioxide on Mars and regolith processing for water and other materials will probably leave plenty to spare already concentrated. So the availability of titanium ore is unlikely to be an issue. As on Earth the hard part is the extraction  via the Kroll process using magnesium metal, chlorine and plenty of energy and specialist kit.
My optimistic hope is that it will become cool to really think about things... rather than just doing reactive bullsh*t based on no knowledge (Brian Cox)

Offline OTV Booster

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Re: Musk's asset accrual and paying for Mars
« Reply #186 on: 07/29/2020 06:56 pm »
ISTM it's easier to make the case for mining in space for manufacturing in space, not back on Earth unless producing the finished product is not possible here.
BINGO! Enter Mars.
Warning: Arm waving and a long view. This is more about the Musk Mars Foundation or future SpaceX than the man himself.

If the resources are there, asteroid resources to Mars has lower transport costs than to Earth, and a greater value on Mars. Mars has a strong incentive for native spaceflight capability even without asteroid mining and will not be lacking the talent (especially after SpaceX transfers headquarters and at least some of its engineering). SX would probably focus on space transport and infrastructure rather than asteroid mining itself.

It's not that great an energy step from Mars orbit onto the asteroids. It's also reasonable to expect Mars to become a hub for automation technology because it will face a labor shortage like that faced by North America that led to 'Yankee ingenuity'. Automated survey and exploration of the asteroids will be a 'relatively' inexpensive endeavor.

If worthwhile resources are found the raw ore might be processed in situ, shipped back to Mars or conceivably inserted into an elliptical orbit to bring it in closer to the Sun for a richer solar power environment. If a little bit of gravity can help, Mars has two convenient rocks orbiting it.

My expectation is that if Mars is looking for an industrial export, it will be space related. If SLS is any indication, once Musk leaves Earth, Mars will build it cheaper (aww, it's only a little snark). With asteroid resources and strong orbital infrastructure, it all fits together. Interesting point: One of the first profitable products from the new world was timber to build the ships used to get to the new world. Colonial shipbuilding followed but I can't find any firm dates.

Timeframe: first mars based asteroid exploration within 25 years of the first landing. After that, it depends on what they find.

Phil


Edit to add: while gold has a lot of cache and some practical uses, I'd get more excited if a rich titanium deposit were found. Picture the next generation SS built out of titanium.
There's loads of  ilmenite and titanium dioxide on Mars and regolith processing for water and other materials will probably leave plenty to spare already concentrated. So the availability of titanium ore is unlikely to be an issue. As on Earth the hard part is the extraction  via the Kroll process using magnesium metal, chlorine and plenty of energy and specialist kit.
Well, I was just reaching for something and titanium just kinda popped into my head. I know squat about mineral extraction, so if you'd indulge me for an educational moment...


Is there any possibility that titanium, or any other element for that matter, might be found in the asteroids in different minerals than on a planet. Or even as a raw element?


Is there any possibility that 0g and readily available vacuum would lead to novel refining processes?


This is wandering OT, so I'm fine with dropping it, but I am curious.


Phil
We are on the cusp of revolutionary access to space. One hallmark of a revolution is that there is a disjuncture through which projections do not work. The thread must be picked up anew and the tapestry of history woven with a fresh pattern.

Offline oldAtlas_Eguy

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Re: Musk's asset accrual and paying for Mars
« Reply #187 on: 07/29/2020 07:08 pm »
ISTM it's easier to make the case for mining in space for manufacturing in space, not back on Earth unless producing the finished product is not possible here.
BINGO! Enter Mars.
Warning: Arm waving and a long view. This is more about the Musk Mars Foundation or future SpaceX than the man himself.

If the resources are there, asteroid resources to Mars has lower transport costs than to Earth, and a greater value on Mars. Mars has a strong incentive for native spaceflight capability even without asteroid mining and will not be lacking the talent (especially after SpaceX transfers headquarters and at least some of its engineering). SX would probably focus on space transport and infrastructure rather than asteroid mining itself.

It's not that great an energy step from Mars orbit onto the asteroids. It's also reasonable to expect Mars to become a hub for automation technology because it will face a labor shortage like that faced by North America that led to 'Yankee ingenuity'. Automated survey and exploration of the asteroids will be a 'relatively' inexpensive endeavor.

If worthwhile resources are found the raw ore might be processed in situ, shipped back to Mars or conceivably inserted into an elliptical orbit to bring it in closer to the Sun for a richer solar power environment. If a little bit of gravity can help, Mars has two convenient rocks orbiting it.

My expectation is that if Mars is looking for an industrial export, it will be space related. If SLS is any indication, once Musk leaves Earth, Mars will build it cheaper (aww, it's only a little snark). With asteroid resources and strong orbital infrastructure, it all fits together. Interesting point: One of the first profitable products from the new world was timber to build the ships used to get to the new world. Colonial shipbuilding followed but I can't find any firm dates.

Timeframe: first mars based asteroid exploration within 25 years of the first landing. After that, it depends on what they find.

Phil


Edit to add: while gold has a lot of cache and some practical uses, I'd get more excited if a rich titanium deposit were found. Picture the next generation SS built out of titanium.
There's loads of  ilmenite and titanium dioxide on Mars and regolith processing for water and other materials will probably leave plenty to spare already concentrated. So the availability of titanium ore is unlikely to be an issue. As on Earth the hard part is the extraction  via the Kroll process using magnesium metal, chlorine and plenty of energy and specialist kit.
The Moon also has significant quantities of Titanium and Aluminum ores in the regolith. Different higher % of specific metals in th the regolith are located in vast areas so pick the metal then the area mine for the metal and then if other metals are produced as by product sell them off at a discount. The concentration levels are almost as high in some of the regolith as the best ores available on Earth.

For Rhodium, PGM Asteroid type M has significant amounts.

Offline Llian Rhydderch

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Re: Musk's asset accrual and paying for Mars
« Reply #188 on: 07/31/2020 06:17 pm »
Telecoms is probably the bigger space market we can hope for in our lifetimes. So unless SpaceX starts getting involved in more terrestrial markets (speculation: power-to-gas? After all, they’ll need that tech for Mars), Starlink will probably dominate their market cap.

My ultimate hope for asteroid mining to be the big ticket permanent revenue source....
Mining for WHAT, exactly? Don't say water. Water is a secondary market to other space industries (you're effectively promising that satellite companies won't have to spend as much on launch costs to do stuff they want to do, so you're competing against the launch market and you'll necessarily have less revenue than your customers, the satellite operators who are paying you). Earth has plenty of water.

Look up the actual total market (in millions or billions CURRENT total global market revenue) for the thing you intend to mine that you think will be bigger than telecommunications.

I think your view of the market is a bit narrow, since you seem to be basing it strictly on "current" Earth market.

It seems plausible to this analyst that, if an in-space economy takes of as a result of low-cost space access (ala Musk/Starship), then much material will be wanted in that economy, for many reasons not least of which the Bezosian vision of space habs.  Why then would one want to source all material for such an economy at the bottom of the gravity wells of Earth and Mars?

Seems M.E.T.'s argument for gathering material via extraterrestrial resource acquisition off of near-Earth asteroids, many with delta-v trequirements not much greater than standard cislunar space nearer to Earth, is at least plausible.

Makes no sense to restrict the analysis to current Earth markets only? 
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Online Coastal Ron

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Re: Musk's asset accrual and paying for Mars
« Reply #189 on: 07/31/2020 06:25 pm »
...Look up the actual total market (in millions or billions CURRENT total global market revenue) for the thing you intend to mine that you think will be bigger than telecommunications.

I think your view of the market is a bit narrow, since you seem to be basing it strictly on "current" Earth market.

Well, that is where the money comes from. Today at least.

Quote
It seems plausible to this analyst that, if an in-space economy takes of as a result of low-cost space access (ala Musk/Starship), then much material will be wanted in that economy, for many reasons not least of which the Bezosian vision of space habs.  Why then would one want to source all material for such an economy at the bottom of the gravity wells of Earth and Mars?

No doubt, if you can source locally, that would be best.

But sourcing locally only averts spending for imports, it does not create income. And that is the challenge, generating enough income to be able to afford the people, hardware and supplies needed for sourcing locally in space.

My $0.02
If we don't continuously lower the cost to access space, how are we ever going to afford to expand humanity out into space?

Offline oldAtlas_Eguy

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Re: Musk's asset accrual and paying for Mars
« Reply #190 on: 07/31/2020 08:03 pm »
For many answers about what can be sold to Earth by a Space economy read through the Development of a Martian export economy thread.https://forum.nasaspaceflight.com/index.php?topic=44411.0

Note it is not a small list. And the values are quite large in total as to how much all of these exports can be.

Online Coastal Ron

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Re: Musk's asset accrual and paying for Mars
« Reply #191 on: 08/01/2020 03:34 pm »
For many answers about what can be sold to Earth by a Space economy read through the Development of a Martian export economy thread.https://forum.nasaspaceflight.com/index.php?topic=44411.0

Note it is not a small list. And the values are quite large in total as to how much all of these exports can be.

That is a 38 page discussion, and other than the list in the first post, which were only suggested as conversation starting points, you'll have to be more specific.

Pretty much all the energy Mars colonists expend in the first decade or so is going to be related to survival and expansion. I just don't see that they will have excess resources that can be applied to creating products for export.

As Elon Musk said in 2015:
Quote
Well I think any natural resource extraction on Mars would be, the output would be for Mars.

It definitely wouldn't make sense to transport stuff 200 million miles back to Earth. You know,
honestly, if you had like crack cocaine on Mars, like in pre-packaged palets, it still wouldn't
make sense to transport it back here. Maybe good times for the Martians, but not back here.


Mars is unlikely to have any direct revenue for decades, so the initial colonization will need to be funded by people that believe that making humanity multi-planetary is a worthy cause. I know I plan to contribute.
« Last Edit: 08/01/2020 03:36 pm by Coastal Ron »
If we don't continuously lower the cost to access space, how are we ever going to afford to expand humanity out into space?

Offline OTV Booster

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Re: Musk's asset accrual and paying for Mars
« Reply #192 on: 08/01/2020 11:59 pm »
For many answers about what can be sold to Earth by a Space economy read through the Development of a Martian export economy thread.https://forum.nasaspaceflight.com/index.php?topic=44411.0

Note it is not a small list. And the values are quite large in total as to how much all of these exports can be.

That is a 38 page discussion, and other than the list in the first post, which were only suggested as conversation starting points, you'll have to be more specific.

Pretty much all the energy Mars colonists expend in the first decade or so is going to be related to survival and expansion. I just don't see that they will have excess resources that can be applied to creating products for export.

As Elon Musk said in 2015:
Quote
Well I think any natural resource extraction on Mars would be, the output would be for Mars.

It definitely wouldn't make sense to transport stuff 200 million miles back to Earth. You know,
honestly, if you had like crack cocaine on Mars, like in pre-packaged palets, it still wouldn't
make sense to transport it back here. Maybe good times for the Martians, but not back here.


Mars is unlikely to have any direct revenue for decades, so the initial colonization will need to be funded by people that believe that making humanity multi-planetary is a worthy cause. I know I plan to contribute.
The Martian export economy thread has a lot of interesting and creative thought. One point to keep in mind is that shipping from Mars will not be as expensive as shipping to Mars.


Using south Florida as an example, it is strongly net import. There just aren't many loads shipping from there so if you take a load in, it had better pay enough to make deadhead to a good freight area worthwhile. If you do find a load it will pay so little a breakeven on fuel is all you can expect. This is not speculation. It's a business reality faced by all forms of transportation.


If perchance someone does want to ship something from Mars to earth Elon is smart enough to only charge the marginal costs of the extra fuel and handling. He's going that way anyhow. It's only a brass goose but he still won't want to kill it.


With relatively inexpensive shipping, novelty products that reek of mars have possibilities. John Smiths favorite is Mars Bubbly Water with just a tang of perchlorate. He has enough numbers that it's a reasonable seed for a business plan.


There is the possibilities of semi precious minerals unlike anything available on earth. One off 'Made on Mars' jewelry using Mars stones. Low gravity sports pay per view.


Another idea is Musk Retirement Villas for those who wish to age unencumbered by 1g. Not exactly an import but the money follows the people.


Thinking that everybody will be engaged in a grim highly orchestrated effort to survive and expand might not be realistic. One example thrown out is someone who is there on contract (probably most inhabitants) decides to not renew and takes their considerable saved wages and sets up a salvage business or the Mars Bar or whatever. The money might be spent on earth for salvage equipment or liquor inventory (hey the next liquor truck won't be in for 2.2 years) but it constitutes a capital transfer to Mars. Not exactly an export but it hits the mark of advancing the Martian economy.


If Musk is as smart as I think he is he will partner with NASA for Mars. Sorta. The ideal setup would be SX providing transportation and facilities management and NASA paying for it in cash or kind. Research facilities can be made available to academia and industry for a price.


/rant
I fully expect Elon to move SX headquarters to Mars when he gets there along with an expansion of the engineering team that will already be there. When he takes SX public it will be a US corporation but it will be on Mars. Quibble on where the capital raised legally resides but it will it will in reality become a boost for the Martian economy.


I think he would get the greatest mileage creating a stock exchange on mars and listing SX only there. With encouragement the corporations with presence on Mars might be willing to spin off their mars operations into wholly owned subsidiaries listed only on the Mars Exchange. As a side effect, the communications delay inhibits speculative trading to the advantage of true investment. A good thing IMO.
/end rant


All this could happen within the second decade. It will not put much of a dent into balance of trade but it is a beginning.


Phil



We are on the cusp of revolutionary access to space. One hallmark of a revolution is that there is a disjuncture through which projections do not work. The thread must be picked up anew and the tapestry of history woven with a fresh pattern.

Online Robotbeat

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Re: Musk's asset accrual and paying for Mars
« Reply #193 on: 08/02/2020 12:55 am »
I definitely think services for NASA will be the biggest Mars export for a long, long time. That's like a couple billion dollars a year or perhaps more (imagine most of whatever NASA spends for ISS and Artemis combined, perhaps also some robotic Mars stuff, too, since it'd be much simpler to teleoperate rovers from Mars than from Earth).
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Offline Jorge

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Re: Musk's asset accrual and paying for Mars
« Reply #194 on: 08/02/2020 01:20 am »
/rant
I fully expect Elon to move SX headquarters to Mars when he gets there along with an expansion of the engineering team that will already be there. When he takes SX public it will be a US corporation but it will be on Mars. Quibble on where the capital raised legally resides but it will it will in reality become a boost for the Martian economy.

No room for quibble under US tax law... income earned by US citizens and corporations is taxable by the US government no matter where they physically or legally reside.
« Last Edit: 08/02/2020 01:20 am by Jorge »
JRF

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Re: Musk's asset accrual and paying for Mars
« Reply #195 on: 08/02/2020 01:55 am »
I definitely think services for NASA will be the biggest Mars export for a long, long time. That's like a couple billion dollars a year or perhaps more (imagine most of whatever NASA spends for ISS and Artemis combined, perhaps also some robotic Mars stuff, too, since it'd be much simpler to teleoperate rovers from Mars than from Earth).
Mars can't depend on NASA as a long term funding source. It's too subject to political whim. A great startup anchor tenant but long term is unpredictable. My thinking is business partners would be more predictable.


Everything done on Mars will be a growth industry. Construction, power production,  mineral extraction, food production and chemical off the top of my head. Elon will have the sales job of a lifetime finding companies run by people with enough vision to grab an opportunity that won't give a direct pay off within a generation.


Most wouldn't touch it with a 3 meter pole. Any business run by professional managers will have no stomach for anything with any degree of risk. Think Lee Iacocca lost in the morass of Ford bean counters. He had the passion that made the Mustang because he was a car guy. It just barely happened.


If Musk can find companies run by people with yours or Iacocca's passion he has a fighting chance of making it work. Rocket Science is the easy part.


Phil
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Offline OTV Booster

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Re: Musk's asset accrual and paying for Mars
« Reply #196 on: 08/02/2020 02:08 am »
/rant
I fully expect Elon to move SX headquarters to Mars when he gets there along with an expansion of the engineering team that will already be there. When he takes SX public it will be a US corporation but it will be on Mars. Quibble on where the capital raised legally resides but it will it will in reality become a boost for the Martian economy.

No room for quibble under US tax law... income earned by US citizens and corporations is taxable by the US government no matter where they physically or legally reside.
Render unto Caesar...   True, but it misses the point of the capital being Mars capital and generating wealth for Mars.


Phil
We are on the cusp of revolutionary access to space. One hallmark of a revolution is that there is a disjuncture through which projections do not work. The thread must be picked up anew and the tapestry of history woven with a fresh pattern.

Online Robotbeat

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Re: Musk's asset accrual and paying for Mars
« Reply #197 on: 08/02/2020 03:33 am »
I definitely think services for NASA will be the biggest Mars export for a long, long time. That's like a couple billion dollars a year or perhaps more (imagine most of whatever NASA spends for ISS and Artemis combined, perhaps also some robotic Mars stuff, too, since it'd be much simpler to teleoperate rovers from Mars than from Earth).
Mars can't depend on NASA as a long term funding source. ...
Welp, that's too bad as that will, in fact, be their largest source of "export" capital and they'll have little choice.

And it is fairly stable. Especially if NASA is able to get international partners. ISS has been super stable. If NASA has personnel on Mars, you can be sure that the mars settlement will be getting paid as no one else will be able to compete for service contracts (unless they're also on Mars).

Mir survived the fall of the Iron Curtain. I actually think an active Mars program would survive a lot, as well.

And beyond this, it may make sense for a Mars settlement to get into space services. As the settlement grows, their access to orbit may be cheaper than for Earth (due in part to delta-v differences), and since space tech is clearly a required core competency of a Martian settlement, they'd be specialists in this stuff.

Also, environmental limitations on Earth (i.e. launch rate limits or high taxes on high altitude water emissions due to climate change action) may give a Martian civilization an additional advantage.
« Last Edit: 08/02/2020 03:43 am by Robotbeat »
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Re: Musk's asset accrual and paying for Mars
« Reply #198 on: 08/02/2020 04:54 am »
I definitely think services for NASA will be the biggest Mars export for a long, long time. That's like a couple billion dollars a year or perhaps more (imagine most of whatever NASA spends for ISS and Artemis combined, perhaps also some robotic Mars stuff, too, since it'd be much simpler to teleoperate rovers from Mars than from Earth).
Mars can't depend on NASA as a long term funding source. ...
Welp, that's too bad as that will, in fact, be their largest source of "export" capital and they'll have little choice.

And it is fairly stable. Especially if NASA is able to get international partners. ISS has been super stable. If NASA has personnel on Mars, you can be sure that the mars settlement will be getting paid as no one else will be able to compete for service contracts (unless they're also on Mars).

Mir survived the fall of the Iron Curtain. I actually think an active Mars program would survive a lot, as well.

And beyond this, it may make sense for a Mars settlement to get into space services. As the settlement grows, their access to orbit may be cheaper than for Earth (due in part to delta-v differences), and since space tech is clearly a required core competency of a Martian settlement, they'd be specialists in this stuff.

Also, environmental limitations on Earth (i.e. launch rate limits or high taxes on high altitude water emissions due to climate change action) may give a Martian civilization an additional advantage.
You could be right about NASA's long term stability, and I do hope you are.


On Mars based space services I 100% agree for all the reasons you give. What I said about SX relocating to Mars wasn't tongue in cheek. Give the talent at Hawthorn the choice of staying home or relocating to Brownsville or Mars and a fair number just might opt for Mars.


It's also why I hit on asteroid mining. It's like pieces of a puzzle just waiting to drop into place.
We are on the cusp of revolutionary access to space. One hallmark of a revolution is that there is a disjuncture through which projections do not work. The thread must be picked up anew and the tapestry of history woven with a fresh pattern.

Online M.E.T.

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Re: Musk's asset accrual and paying for Mars
« Reply #199 on: 08/02/2020 03:01 pm »
Frankly, I believe for the first 2-3 decades the biggest source of funding for the Mars initiative will be the “Elon Musk Mars trust”, funnelling whatever assets he managed to accrue over his lifetime into getting the colony established. I can’t see much of economic value generated on Mars that would compare to the perhaps $500B worth of capital he might be able to donate at that time.

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