Why Billionaires Want to Mine Space
When was the last time you thought about Helium?
Unless you’ve recently had to fill party balloons, it’s not likely that this element’s existence has crossed your mind much.
Even so, it’s one of the most important elements in our modern society.
And we’re running out of it.
It’s a story that you don’t hear much about, but it’s one that billionaires like Jeff Bezos, Peter Thiel, and Richard Branson are well aware of. It’s part of the reason why there is so much talk about their ventures going into space.
What many people outside those select few don’t realize is that much of modern society would cease to function if we ran out of this crucial element.
The healthcare industry relies on it for MRI magnets. These magnets have to be cooled to provide detailed images of a patient’s internal body structures and helium is perfect for that.
Information technology needs helium for fiber optic cables. They need to be constructed in a pure helium atmosphere so that air bubbles don’t get trapped inside the cables that carry internet signals all over the world.
The semiconductors that power our phones, computers, televisions, and other personal devices rely on helium in their manufacturing.
Helium is inert, which means it doesn’t react with other elements. This is ideal for the environment where semiconductors are made because there will be no unwanted chemical reactions with the silicon. Likewise, helium conducts heat away effectively, making it ideal for controlling the silicon’s temperature during manufacturing.
Helium also plays an important part in the safety of launching rockets. Again, because it is an inert gas, there is no risk of a reaction with other elements. Engineers rely on helium to control hydrogen flammability during takeoff so that astronauts can reach orbit safely.
This doesn’t even begin to scratch the surface of just how important helium is to modern society, but you begin to get some idea of why the looming shortage borders on being a crisis. It’s something that has been building for decades, and we finally have to begin to reckon with the fallout.
There are known reserves of helium right here in the U.S., but those are starting to run low. The government realized that the resource was scarce years ago and stopped selling its reserves.
That left the industries that rely on helium scrambling to source it from other places.
And this is happening at a time when demand for helium is set to double over the next few years.
It’s not something that can be easily replaced by other elements in many of its uses, so finding more helium has to be a priority for these companies.
Since there isn’t much of it left here on Earth, companies are looking towards the stars to replenish supplies.
The big twist is that helium, while rare on Earth, is the second-most abundant element in the universe. It’s just a matter of going up into space and getting it.
And now you know why people like Jeff Bezos, Richard Branson, and Elon Musk have been drawing so much attention to their space ventures.
Now you know why the U.S. has a renewed interest in space exploration and why China has been putting more scientific effort into getting up there, too.
It isn’t just about the satellites.
Mining space is a new gold rush that’s going to make a lot of people very rich. Just because nations and titans of industry are scrambling for their share, that doesn’t mean that everyday investors are being left out of the race.
At Daily Profit Cycle, we’re putting together a presentation that will explain in detail just why this is one of the biggest investment stories ever and how you can take advantage.
There’s one company that’s set to beat all of the other players to the punch in bringing new supplies of helium to market that can make millionaires of anyone who buys in early enough.
That will be coming soon, so keep an eye on these pages for your chance to get in on this investment opportunity of a lifetime.
Keep your eyes open,
Editor, Daily Profit Cycle
Ryan Stancil is an editor and regular contributor to Daily Profit Cycle. He’s been active in the financial publishing industry for more than half a decade, offering insights and commentary on technology and geopolitics to help readers make sense of the constantly changing landscape and how it affects their investments. His readers appreciate his "tell it as it is" writing style, where he always offers a fresh new perspective on what's happening in the market and leaves nothing unsaid.