Moon Mining Deal for Helium-3 Marks Largest Purchase of Resources from Space

What Happened?

Finnish technology company Bluefors, producer of ultracold refrigerator systems utilized for quantum computing, has purchased tens of thousands of liters of Helium-3 from the moon, reportedly spending over three hundred million dollars through a commercial space company called Interlune. 

Extracting minerals from the moon is legal thanks to a 2015 law that granted U.S. space companies the right to conduct mining operations on celestial bodies. According to Rob Meyerson, CEO of Interlune and former president of Blue Origin, the deal is ‘the strongest signal we can figure out that says there is a demand for Helium-3.’

Why it Matters

Commercial space activity has been increasing steadily during the past decade, and the Interlune deal could be the first of its kind to extract natural resources from celestial bodies and bring them back to Earth. Helium-3 is rare on Earth, but recent samples from the lunar surface strongly indicate that the element may be much more abundant on the moon. 

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With an expected boom in quantum computing in the next decade, the demand for coolant needed to operate those quantum computers is expected to grow substantially.

Bluefors, which is located in Finland, describes itself on its website as a builder of ‘the world’s most accessible, innovative and reliable cooling solutions for quantum technology.’ The company also says it envisions a future where everyone has access to quantum computing, which it claims will bring widespread benefits from the use of advanced computational power.

Interlune is a start-up founded by a former astronaut and executive from Blue Origin. The resource they seek to extract from the moon, Helium-3, sells for $2,500 per liter, which works out to $19 million per kilogram. Mr. Meyerson, the CEO of Interlune, calculates that five of their mining machines could extract ten kilograms of Helium-3 per year from the moon, which would be worth $200 million in sales on Earth.

The technical challenges Interlune faces are daunting. Their mining equipment would be operated remotely, since sending humans to the surface of the moon to operate the miners would increase costs so much that the endeavor would no longer be commercially viable. That remotely operated equipment would have to function in the vacuum of space and in places where the difference between sunlight and shadow can amount to hundreds of degrees of fluctuations in temperature.

How it Affects You

Commercial mining on the moon has never been attempted before, and in addition to the new technologies needed to extract resources, a delivery system would also be needed to safely return the cargo to Earth. None of those problems are unsolvable, but all of them will require significant investment to overcome.

If successful, the operation could usher in a new era of resource extraction from space.

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