Business
5:14 am
Wed January 23, 2013

The Last Word In Business

Originally published on Wed January 23, 2013 2:45 pm

Transcript

STEVE INSKEEP, HOST:

And today's last word in business is: extraterrestrial gold rush.

A company called Deep Space Industries - which sounds like it's a company fm a Mel Brooks movie - anyway, it's planning to start mining asteroids - mining asteroids by the year 2015. The idea is to first send small spacecraft to explore asteroids for minerals like platinum and gold.

RENEE MONTAGNE, HOST:

The founders of Google are backing a separate asteroid mining venture. But there are skeptics who point out that NASA's own mission to extract just two grams of material from a passing asteroid is expected to cost $1 billion.

And that's the business news on MORNING EDITION from NPR News. I'm Renee Montagne.

INSKEEP: And I'm Steve Inskeep.

(SOUNDBITE OF MUSIC) Transcript provided by NPR, Copyright NPR.