The Globe and Mail reports in its Tuesday edition that move over, AI, space exploration may be the Next Big Thing. Globe columnist Gordon Pape writes that artificial intelligence has been the hottest sector for the past year, but shares in AI-related companies appear to be cooling and space may take its place. The thrill and romance of lunar colonies, interplanetary travel to Mars and beyond, and tapping into the riches of the asteroid belt over the next 25 years have captured investors' imaginations. Massive amounts of public and private money are being spent as governments and investors try to get in on the ground floor of the space race. In June, Elon Musk's SpaceX completed the largest initial public offering in history. Massive amounts of public and private money are being spent as governments and investors try to get in on the ground floor of the space race. Asteroid 16 Psyche is a metal-rich body in the main asteroid belt that is theoretically valued at $10-quintillion (U.S.) based on its estimated iron, nickel and gold content. It's more likely that space resources will stay in space, mined and used as raw materials for solar collectors, rocket components and robotics. Your space bet will require patience.
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