As Earth’s natural resources become increasingly strained and demand for rare minerals soars due to technological innovation, the idea of asteroid mining is shifting from science fiction to strategic investment. Space rocks, particularly near-Earth asteroids, contain vast amounts of valuable elements like platinum, cobalt, nickel, and even water—which can be used to create fuel in space or sustain future space colonies. Companies like Planetary Resources and Deep Space Industries, though early in development, have already proposed missions to survey and eventually mine these celestial bodies, and major space agencies such as NASA and ESA are closely watching. The economic potential is enormous—some estimates suggest a single asteroid could hold trillions of dollars’ worth of materials—but so are the technical challenges. Developing autonomous mining robots that can operate in microgravity, managing material extraction in space, and returning payloads safely to Earth or orbit are engineering feats yet to be fully solved. Legal and ethical concerns also arise, as space law lags behind commercial ambition. Who owns an asteroid? Can nations or corporations claim rights over cosmic resources? And what environmental risks exist in disrupting celestial bodies? As private space exploration accelerates, asteroid mining could either become the next global resource revolution or a cautionary tale of unchecked cosmic capitalism. One thing is certain: the space race is no longer about flags—it’s about fortune.