Eric Anderson and Peter Diamandis pioneered the business of sending millionaire tourists to space. Now they want to mine asteroids for what they say will be tens of billions of dollars worth of resources annually for use on Earth and beyond.
Seattle-area's Planetary Resources, backed by big-money investors including filmmaker James Cameron and Google executives Larry Page and Eric Schmidt, said Tuesday it plans to develop and launch a series of robotic systems and unmanned spacecraft, starting with its Arkyd-100 Earth-orbiting space telescopes that it hopes to launch by the end of 2013 to identify candidate near-Earth asteroids.
The company hopes to dispatch swarms of Arkyd-300 prospecting spacecraft, which would orbit candidate asteroids and finish the process of determining what they hold, within 10 years.
The Bellevue, Washington, company would then unveil a new system of spacecraft for the payoff: mining precious metal, such as platinum, for use on Earth; and extracting water, whose elements the company says can be used for fuel and life-support systems in space.
In short, Planetary Resources hopes it will be in a crucial and lucrative position of not only boosting terrestrial industry, but also setting up a network of fuel depots that humanity will need to better explore the solar system and beyond.
"The Earth is feeling a resource pinch, and ultimately we will have the ability to turn that which is scarce into abundant," Diamandis, who co-founded Planetary Resources with Anderson in 2009 but generally kept mum about the project until this month, said at a press event in Seattle on Tuesday.FULL STORY