News24

Space mining start-up planned

2012-04-21 14:39

San Francisco - A start-up evidently devoted to mining asteroids for metals is to make its public debut on Tuesday in the US northwest city of Seattle, seeking to redefine the term "natural resources."

X Prize founder Peter Diamandis and a former Nasa astronaut are slated to unveil Planetary Resources, which boasts an impressive list of backers including Google co-founder Larry Page and famed film-maker James Cameron.

"The company will overlay two critical sectors - space exploration and natural resources - to add trillions of dollars to the global GDP," Planetary Resources said in a brief release announcing the Tuesday press event in the Pacific Northwest city.

"This innovative start-up will create a new industry and a new definition of 'natural resources.'"

Comments
  • Robin - 2012-04-21 16:21

    I can't help but think about how Cameron's movie, Avatar, ended. Those blue guys were not Smurfs! I would have thought that he would invest his money better.

      Zing - 2012-04-23 12:00

      lol - so many dislikes? I guess you don't mess with the "Avatarians" :) I'd say if they discovered life on another planet the discovery itself would be worth more than any minerals. So let them explore. I fail to see how they plan to make this a profitable operation though.

      Zing - 2012-04-23 12:00

      lol - so many dislikes? I guess you don't mess with the "Avatarians" :) I'd say if they discovered life on another planet the discovery itself would be worth more than any minerals. So let them explore. I fail to see how they plan to make this a profitable operation though.

  • ludlowdj - 2012-04-23 10:07

    Won't be long before the US decree's space laws and ties space up in ownership laws etc like they have already done with the rest of the world.

      allcoveredinNinjas - 2012-04-23 10:49

      Won't be long till some religious nut tries to blow it up and sh&t in everyones cereal.

      allcoveredinNinjas - 2012-04-23 10:49

      Won't be long till some religious nut tries to blow it up and sh&t in everyones cereal.

  • Jaco - 2012-04-23 13:29

    this is the first step to make space exploration actually profitable, which is awesome, since the only think humans care about is money this is the only way forward that might someday lead to us inhabiting another planet.

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