Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
No Result
View All Result
OrissaPOST - Odisha Latest news, English Daily -
No Result
View All Result

NASA wants to buy Moon resources mined by private firms

IANS
Updated: September 11th, 2020, 13:38 IST
in Sci-Tech
0
Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

Washington: NASA is looking for private companies from around the world that can grab lunar dirt and rocks, setting off the process of creating a new marketplace for space resources.

Outlining its goal, the US space agency has said that it aims to complete the retrieval and transfer of ownership of the resources before 2024.

Also Read

Vande Mataram not a political bargaining chip: Odisha CM Majhi

CM Mohan Charan Majhi to lead Odisha’s investment outreach at India Chem 2026

2 days ago
Indian Army fight drone

Defence Ministry inks Rs 770 crore contract with BEL for air defence radars

2 days ago

NASA has set the goal of landing the first American woman and next man on the Moon by 2024.

And it is not just one company that the US space agency is looking to purchase lunar resources from.

“The solicitation creates a full and open competition, not limited to US companies, and the agency may make one or more awards,” NASA Administrator Jim Bridenstine wrote in a blog post Thursday.

As per the requirements outlined by NASA, a company will collect a small amount of Moon “dirt” or rocks from any location on the lunar surface, provide imagery to the agency of the collection and the collected material, along with data that identifies the collection location.

They will then have 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 sole 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 the remaining 80 percent 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.

Industry group Commercial Spaceflight Federation has welcomed NASA’s decision.

“We applaud @NASA’s announcement to buy extracted lunar resources from commercial as another step towards a sustainable return to the Moon,” the federation said in a tweet Thursday.

The NASA Administrator said that when considering such proposals to buy lunar resources from private companies, the agency will require that “all actions be taken in a transparent fashion, in full compliance with the Registration Convention, Article II and other provisions of the Outer Space Treaty, and all of our other international obligations.”

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

Tags: Moon resourcesNASAPrivate firms
ShareTweetSendShare
Suggest A Correction

Enter your email to get our daily news in your inbox.

 

OrissaPOST epaper Sunday POST OrissaPOST epaper

Click Here: Plastic Free Odisha

#MyPaperBagChallenge

Archana Parida

December 12, 2019
#MyPaperBagChallenge

Narendra Kumar

December 12, 2019
#MyPaperBagChallenge

Pitabas Tripathy

December 12, 2019
#MyPaperBagChallenge

Bijswajit Pradhan

December 12, 2019
#MyPaperBagChallenge

Geetanjali Patro

December 12, 2019
#MyPaperBagChallenge

Subhajyoti Mohanty

December 12, 2019
#MyPaperBagChallenge

Pratik Kumar

December 12, 2019
#MyPaperBagChallenge

Smitarani Sahoo

December 12, 2019
#MyPaperBagChallenge

Keshab Chandra Rout

December 12, 2019
#MyPaperBagChallenge

Adrita Bhattacharya

December 12, 2019
#MyPaperBagChallenge

Rajashree Pravati Mohanty

December 12, 2019
#MyPaperBagChallenge

Jyotshna Mayee Pattnaik

December 12, 2019
#MyPaperBagChallenge

Matrumangal Jena

December 12, 2019
#MyPaperBagChallenge

Aishwarya Ranjan Mohanty

December 12, 2019
#MyPaperBagChallenge

Swarit Praharaj

December 12, 2019
#MyPaperBagChallenge

Tabish Maaz

December 12, 2019
#MyPaperBagChallenge

Aman Kumar Barisal

December 12, 2019
#MyPaperBagChallenge

Ramakanta Sahoo

December 12, 2019
#MyPaperBagChallenge

Mrutyunjaya Behera

December 12, 2019
#MyPaperBagChallenge

Surya Sidhant Rath

December 12, 2019
#MyPaperBagChallenge

Archit Mohapatra

December 12, 2019
#MyPaperBagChallenge

Arya Ayushman

December 12, 2019
#MyPaperBagChallenge

Ramakanta Sahoo

December 12, 2019
#MyPaperBagChallenge

Mandakini Dakua

December 12, 2019
#MyPaperBagChallenge

Kamana Singh

December 12, 2019
#MyPaperBagChallenge

Nishikant Rout

December 12, 2019
#MyPaperBagChallenge

Anshuman Sahoo

December 12, 2019
#MyPaperBagChallenge

Faiza Firdous

December 12, 2019
#MyPaperBagChallenge

Anup Mahapatra

December 12, 2019
#MyPaperBagChallenge

Vandana Singh

December 12, 2019

Archives

Editorial

Diplomatic Faux Pas

Marco Rubio
October 19, 2026

United States Secretary of State Marco Rubio’s second visit to India has ruffled quite a few feathers in New Delhi....

Read moreDetails

Protest Is Power

Rights & Restrictions: AAKAR PATEL
October 18, 2026

By Aakar Patel The three democratic tools available to us are the vote, the court and protest. The only one...

Read moreDetails

Reluctant Compliance

DILIP CHERIAN
October 17, 2026

By Dilip Cherian Appointing Gaurav Yadav as regular Director General of Police in Punjab settles a question that should never...

Read moreDetails

Anxiety After 2024

October 14, 2026

Defeat in Ayodhya in 2024, where the Ram temple was built with much pomp, appears to have deeply shaken the...

Read moreDetails
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Editorial
  • Opinion
  • Sports
  • About Us
  • Advertise
  • Contact Us
  • Jobs
Developed By Ratna Technology

© 2025 All rights Reserved by OrissaPOST

  • News in Odia
  • Orissa POST Epaper
  • Video
  • Home
  • Trending
  • Metro
  • State
  • Odisha Special
  • National
  • International
  • Sports
  • Business
  • Editorial
  • Entertainment
  • Horoscope
  • Careers
  • Feature
  • Today’s Pic
  • Opinion
  • Sci-Tech
  • About Us
  • Contact Us
  • Jobs

© 2025 All rights Reserved by OrissaPOST

    • News in Odia
    • Orissa POST Epaper
    • Video
    • Home
    • Trending
    • Metro
    • State
    • Odisha Special
    • National
    • International
    • Sports
    • Business
    • Editorial
    • Entertainment
    • Horoscope
    • Careers
    • Feature
    • Today’s Pic
    • Opinion
    • Sci-Tech
    • About Us
    • Contact Us
    • Jobs

    © 2025 All rights Reserved by OrissaPOST