Japan has announced a groundbreaking space mining initiative to extract resources such as rare metals and water from asteroids and the moon. The Japan Aerospace Exploration Agency (JAXA) will collaborate with private companies to develop space mining technology.
The project aims to secure critical materials for Japan’s high-tech industries and future space exploration missions. Experts believe space mining could become a multibillion-dollar industry in the coming decades. Japan hopes to lead this new frontier, ensuring access to resources that are essential for global technological advancements.
