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Uploaded on Oct 26, 2008
MemeBox interviews Xprize Foundation Founder and Chairman Peter Diamandis, who shares a future scenario in which entrepreneurs and states are racing to claim extra-terrestrial land.
As the costs associated with orbital escape and space flight continue to drop the stage will be set for a daring new company to lay claim to parts of the moon and nearby asteroids, posits Diamandis.
Diamandis envisions that such a future could produce a "land rush" for rights to lunar surface area and asteroid mining rights which could be valued at "hundreds of billions of dollars". He believes such a resource race is likely to "drive huge investments in launch vehicles, brings the cost down, and open up the future in space that all of us can enjoy."