Materials found in asteroids are highly valued and important for space stations and other orbital missions. These resources can be broken down into one of three categories: Industrial metals, platinum group metals, and volatiles such as water. Not only are these resources highly sought after, but it would deliver a significant cost savings to mine in space rather than on Earth. Research is underway to determine safe and cost-effective ways to extract the valuable materials; and business and government policy development are also in process. Unequivocally, the future of space mining is rich and exciting.