NASA-Backed Startup to Try Ingenious Asteroid Mining Idea: Just Bag It

Image: An artist’s concept of the New Moon facility with aggregated small asteroids. Image credit: TransAstra. Article by Passant Rabie. Gizmodo – March 19, 2026.

There are roughly 250 small, near-Earth asteroids teeming with precious resources that are ripe for extraction. Mining asteroids for water and metals has the potential to be extremely lucrative, but companies have so far struggled to come up with the means to extract resources from the flying space rocks. A Los Angeles-based company just revealed a wild new plan that could bring asteroid mining closer to home: bagging the rocky objects and moving them to a stable orbit near Earth. […]

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Video: How Asteroid Mining Will Power The Trillion-Dollar Space Economy – Trans Astronautica Corporation