World’s Top 15 Companies in Asteroid Mining Market 2025: Industry Intelligence Report by Spherical Insights (2024–2035)
RELEASE DATE: Sep 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Asteroid Mining Market Size is projected to Grow from USD 2.12 Billion in 2024 to USD 11.30 Billion by 2035, at a CAGR of 16.43% during the forecast period 2025–2035. Advancements in space exploration are significantly driving market expansion. Additionally, the rising global need for rare earth elements (REEs) is a significant driver of market expansion. In addition to this, the increase in private sector funding is broadening the market share for asteroid mining.
Introduction
Asteroid mining refers to the process of obtaining raw materials from asteroids and other minor planets, such as near-Earth objects. Minerals can be harvested from depleted comets or asteroids and brought back to Earth or used as construction materials in space. The space mining sector is a nascent field concentrated on obtaining precious materials from asteroids and various cosmic entities. Space mining refers to the extraction of raw materials from asteroids and smaller celestial bodies. The primary focus of space mining is to satisfy the need for minerals. These resources include platinum, gold, silver, nickel, aluminum, and others. C-type asteroids possess ice and water that can be extracted and utilized as rocket fuel. The rising C-type asteroid space mining missions, expanding evidence of water resources, and metals in space are boosting the development of the space mining industry. The asteroid mining sector is continually evolving, influenced by several key trends that are driving its expansion. A key trend is the increasing involvement of private companies in space exploration. These companies are continuously investing in research and development (R&D), launching missions, and improving technology to enhance asteroid mining.
Navigate Future Markets with Confidence: Insights from Spherical Insights LLP
The insights presented in this blog are derived from comprehensive market research conducted by Spherical Insights LLP, a trusted advisory partner to leading global enterprises. Backed by in-depth data analysis, expert forecasting, and industry-specific intelligence, our reports empower decision-makers to identify strategic growth opportunities in fast-evolving sectors. Clients seeking detailed market segmentation, competitive landscapes, regional outlooks, and future investment trends will find immense value in the full report. By leveraging our research, businesses can make informed decisions, gain a competitive edge, and stay ahead in the transition toward sustainable and profitable solutions.
Unlock exclusive market insights-Download the Brochure now and dive deeper into the future of the Asteroid Mining Market.
Asteroid Mining Market Size & Statistics
- The Market Size for Asteroid Mining Was Estimated to be worth USD 2.12 Billion in 2024.
- The Market size is Going to Expand at a CAGR of 16.43% between 2025 and 2035.
- The Global Asteroid Mining Market Size is anticipated to reach USD 11.30 Billion by 2035.
- North America is anticipated to grow at the highest market share during the forecast period in the global asteroid mining market.
- Asia Pacific is projected to grow at the fastest CAGR during the forecast period in the global asteroid mining market.
Regional growth and demand
Asia Pacific is expected to grow the fastest during the forecast period in the global asteroid mining market.
This forecast is attributed to the increasing number of mining missions and significant space exploration initiatives that ISRO is executing in this area. Furthermore, the market is expected to experience lucrative opportunities due to factors such as the increasing governmental efforts to establish regulations for asteroid mining and the implementation of the In-Situ Resource Utilization (ISRU) method in space exploration.
North America is expected to generate the highest demand during the forecast period in the global asteroid mining market.
Mainly driven by the area's widespread embrace of advanced and innovative technology, along with the robust growth of the nation's commercial space mining industry. Global trends promoting space technologies have been on the rise. The United States is at the forefront of expanding the space economy. The Office of Space Commerce develops relevant policies to support the growth of the national commercial space mining sector, while the U.S. Departments of State and Commerce have implemented changes to ease the rules surrounding satellite exports.
Top 10 trends in the Asteroid Mining Market
- Rise of Private Space Companies
- Advancements in Robotic Mining Tech
- 3D Printing in Space
- In-Situ Resource Utilization (ISRU)
- Government and Regulatory Support
- Focus on Rare Earth Elements
- Improved Launch and Propulsion Systems
- Data-Driven Asteroid Targeting
- Strategic Partnerships and M&A
- Sustainability and Ethical Mining
1. Rise of Private Space Companies
Companies such as Planetary Resources and Deep Space Industries are leading asteroid mining initiatives, supported by venture capital and major tech firms.
2. Government and Regulatory Support
Nations are formulating laws and agreements for space mining to establish ownership, safety measures, and environmental guidelines.
3. Focus on Rare Earth Elements
Metals of high value, such as platinum, palladium, and iridium, are primary targets due to their limited availability and high industrial demand.
4. Sustainability and Ethical Mining
Increasing focus on reducing space debris and promoting sustainable extraction methods to safeguard cosmic environments
5. Strategic Partnerships and M&A
Partnerships among aerospace industries, mining enterprises, and government bodies are accelerating innovation and implementation.
Empower your strategic planning:
Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the global asteroid mining market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 15 Companies Leading the Asteroid Mining Market
- Asteroid Mining Company
- Bradford
- iSpace
- Kleos Space S.A
- Planetary Resources
- SpaceFab.US
- Sierra Nevada Corporation
- Offworld
- Virgin Galactic
- Deep Space Resources
- European Space Agency
- Moon Express
- Karman+
- Transastra
- Origin Space
- Others
1. iSpace
Headquarters: Tokyo, Japan
iSpace's approach to asteroid mining centers on offering transportation services and technology showcases for other companies in the space resource sector, instead of engaging in the mining activities themselves. The company aims to create a low-cost, high-frequency transportation service to the Moon, viewing this as an essential move towards developing a sustainable space economy. This lunar facility would subsequently function as a launch site for missions to explore deeper space, including journeys to asteroids. They are constructing and creating compact robotic lunar landers and rovers intended for economical payload transportation. Their primary objective is to gather lunar data, encompassing details about water resources, which can be utilized to generate fuel for upcoming space missions. Through the delivery of these services, iSpace seeks to establish a sustainable cislunar economy, ultimately enhancing the feasibility of asteroid missions.
2. Bradford
Headquarters: Shipley Salts Mill Rd, United Kingdom
Bradford Space has an intriguing and intricate background in the asteroid mining industry. Although it isn't a direct asteroid miner, its purchase of an innovative company and emphasis on in-space propulsion technology provide it with a distinctive and vital position. Bradford Space's main link to asteroid mining is its purchase of Deep Space Industries (DSI). DSI, along with Planetary Resources, was among the two leading startups that arose in the early 2010s with the bold aim of asteroid mining. Neither company succeeded in obtaining the necessary funding to achieve its complete vision. DSI's efforts in in-space technology established a foundation for future projects. Bradford Space acts as a facilitator and a major provider in the asteroid mining industry. Technologies like the Comet water thruster are utilized by other aerospace companies for numerous missions, including orbit adjustments, satellite constellation management, and further space exploration.
3. Moon Express
Headquarters: Cape Canaveral, Florida, USA
Moon Express is a private U.S. company that plays a significant role in the lunar exploration industry. Although the company's long-term aspirations involve asteroid mining, its current and main emphasis is on establishing and delivering transportation services to the Moon, aiming to build a cislunar (Earth-to-Moon space) economy. Moon Express rose to prominence as a contender in the Google Lunar X Prize, a competition to land a private robotic vehicle on the Moon. Although the prize remained unclaimed, the company's initiatives set the foundation for its present business model, which focuses on offering commercial services to NASA, various space agencies, and private firms. Moon Express has been working on a range of robotic lunar landers, referred to as the MX series, which aim to be both scalable and economical. The company's approach is to provide a comprehensive transportation service, from initiation to completion, enabling customers to concentrate on their objectives without the challenges of creating their own spacecraft.
4. Deep Space Resources
Headquarters: San Jose, California, USA
Deep Space Industries (DSI) was established in 2012 with a bold aim to become a space resource company that would explore and ultimately extract resources from asteroids. They aimed to begin with modest steps and progressively develop the required technology. It is essential to recognize that the company Deep Space Resources is not as recognized as some other entities. The leading early-stage asteroid mining firm with a comparable name was Deep Space Industries (DSI). DSI, together with Planetary Resources, was a trailblazer in the industry, yet its experience acts as a warning regarding the significant difficulties and risky aspects of the asteroid mining sector. Bradford Space, a firm focused on in-space propulsion and avionics systems, purchased Deep Space Industries. This purchase marked a significant moment, as it essentially concluded DSI's ambitions to become an asteroid miner.
5. Origin Space
Headquarters: Nanjing, China
Origin Space is a privately held Chinese firm that distinguishes itself as a leader in the emerging domain of space resource exploitation. In contrast to several Western competitors that have changed direction or been bought, Origin Space has a specific and intentional plan to establish itself as a leader in asteroid mining, beginning with a staged, technology-testing strategy. Origin Space aims to transition from providing data services and technology demonstrations to fully commercializing space resource utilization. Origin Space's strategy is very calculated and mirrors the distinct environment of China's space sector, characterized by a blend of government-supported and private companies. The firm is constructing and deploying satellites to detect and analyze near-Earth asteroids (NEAs). The Yangwang 1 (Look Up-1) satellite, which was launched in 2021, plays an essential role in this plan. This compact optical and ultraviolet telescope is designed to identify and track asteroids and various space debris.
Are you ready to discover more about the asteroid mining market?
The report provides an in-depth analysis of the leading companies operating in the global asteroid mining market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- Asteroid Mining Company
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Bradford
- iSpace
- Kleos Space S.A
- Planetary Resources
- SpaceFab.US
- Sierra Nevada Corporation
- Offworld
- Virgin Galactic
- Deep Space Resources
- European Space Agency
- Moon Express
- Karman+
- Transastra
- Origin Space
- Others
Conclusion
With a compound annual growth rate (CAGR) of 16.43%, the global asteroid mineral extraction sector is predicted to rise from USD 2.12 billion in 2024 to USD 11.30 billion by 2035. The rapid advances in space research, increasing private sector expenditures, and growing demand for elements from rare earths (REEs) worldwide are the main drivers of this expansion. North America holds the largest market share due to technological advancements and a thriving industrial mining industry. At the same time, the Asia Pacific region is expected to grow at a rapid pace, driven by increasing government-funded operations and regulations. Leading businesses are preparing the way for sustainable and economically viable extraction techniques that have the potential to completely transform resource transportation networks on Earth and in space exploration. The relationship between private innovation, government oversight, and global cooperation will strongly influence the future development of this industry.
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Need help to buy this report?