Planetary Resources will reportedly announce later today that it's developing and selling low-cost spacecraft to mine asteroids close to the Earth. The space exploration and natural resources venture is led by X-Prize creator Peter Diamandis, Eric Anderson and NASA's former Mars chief, Chris Lewicki -- with cash backing from James Cameron, Eric Schmidt and Larry Page amongst others. Within a decade, the company hopes to kickstart a 21st century gold rush by selling orbiting observation platforms to prospectors with significant rewards -- a 30-meter long asteroid could hold as much as $50 billion worth of platinum at today's prices. The company's own teaser materials promised that the project would add "trillions of dollars" to the world's GDP, which sounds like a film we saw recently.
James Cameron-backed Planetary Resources to search the universe for Unobtainium originally appeared on Engadget on Tue, 24 Apr 2012 04:25:00 EDT. Please see our terms for use of feeds.
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So-called "asteroid mining" company Planetary Resources is built on the belief that asteroids and other objects in space are loaded with resources that we can take advantage of, both here on Earth and as we begin to explore space in earnest. The esse...
