Bankers in space: Goldman Sachs wants to go out of this world

An artist’s impression of an asteroid mine, created by Deep Space Industries, a company based in California and Luxembourg. (credit: Deep Space Industries)

Goldman Sachs is bullish…on space mining with an “asteroid-grabbing spacecraft.” Yep, you read that right.

In a 98-page note for clients seen by Business Insider, analyst Noah Poponak and his team argue that platinum mining in space is getting cheaper and easier, and the rewards are becoming greater as time goes by.

“While the psychological barrier to mining asteroids is high, the actual financial and technological barriers are far lower. Prospecting probes can likely be built for tens of millions of dollars each and Caltech has suggested an asteroid-grabbing spacecraft could cost $2.6B,” the report says.

By the sound of it, soon even outer space will soon be full of statue-humping douchebags.[BI]