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Author Topic:   Planetary Resources asteroid mining company
Robert Pearlman
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Posts: 35773
From: Houston, TX
Registered: Nov 1999

posted 04-18-2012 10:23 PM     Click Here to See the Profile for Robert Pearlman   Click Here to Email Robert Pearlman     Edit/Delete Message   Reply w/Quote
Planetary Resources release
Space Exploration Company to Expand Earth's Resource Base

Join visionary Peter H. Diamandis, M.D.; leading commercial space entrepreneur Eric Anderson; former NASA Mars mission manager Chris Lewicki; and planetary scientist and veteran NASA astronaut Tom Jones, Ph.D. on Tuesday, April 24 at 10:30 a.m. PDT in Seattle, or via webcast, as they unveil a new space venture with a mission to help ensure humanity's prosperity.

Supported by an impressive investor and advisor group, including Google's Larry Page & Eric Schmidt, Ph.D.; film maker and explorer James Cameron; Chairman of Intentional Software Corporation and Microsoft's former Chief Software Architect Charles Simonyi, Ph.D.; Founder of Sherpalo and Google Board of Directors founding member K. Ram Shriram; and Chairman of Hillwood and The Perot Group Ross Perot, Jr., the company will overlay two critical sectors — space exploration and natural resources — to add trillions of dollars to the global GDP.

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

The news conference will be held at the Museum of Flight in Seattle on Tuesday, April 24 at 10:30 a.m. PDT and available online via webcast.

Robert Pearlman
Editor

Posts: 35773
From: Houston, TX
Registered: Nov 1999

posted 04-24-2012 06:45 AM     Click Here to See the Profile for Robert Pearlman   Click Here to Email Robert Pearlman     Edit/Delete Message   Reply w/Quote
Planetary Resources release
Asteroid Mining Plans Revealed by Planetary Resources, Inc.

Planetary Resources, Inc. announced today (April 24, 2012) its plan to mine Near-Earth Asteroids (NEAs) for raw materials, ranging from water to precious metals. Through the development of cost-effective exploration technologies, the company is poised to initiate prospecting missions targeting resource-rich asteroids that are easily accessible.

Resource extraction from asteroids will deliver multiple benefits to humanity and grow to be valued at tens of billions of dollars annually. The effort will tap into the high concentration of precious metals found on asteroids and provide a sustainable supply to the ever-growing population on Earth.

A single 500-meter platinum-rich asteroid contains the equivalent of all the Platinum Group Metals mined in history. "Many of the scarce metals and minerals on Earth are in near-infinite quantities in space. As access to these materials increases, not only will the cost of everything from microelectronics to energy storage be reduced, but new applications for these abundant elements will result in important and novel applications," said Peter H. Diamandis, M.D., Co-Founder and Co-Chairman, Planetary Resources, Inc.

Additionally, water-rich NEAs will serve as "stepping stones" for deep space exploration, providing space-sourced fuel and water to orbiting depots. Accessing water resources in space will revolutionize exploration and make space travel dramatically more economical.

"Water is perhaps the most valuable resource in space. Accessing a water-rich asteroid will greatly enable the large-scale exploration of the solar system. In addition to supporting life, water will also be separated into oxygen and hydrogen for breathable air and rocket propellant," said Eric Anderson, Co-Founder and Co-Chairman, Planetary Resources, Inc.

Of the approximately 9,000 known NEAs, there are more than 1,500 that are energetically as easy to reach as the Moon. The capability to characterize NEAs is on the critical path for Planetary Resources. To that end, the company has developed the first line in its family of deep-space prospecting spacecraft, the Arkyd-100 Series. The spacecraft will be used in low-Earth orbit and ultimately help prioritize the first several NEA targets for the company's follow-on Arkyd-300 Series NEA swarm expeditions.

Chris Lewicki, President and Chief Engineer, said "Our mission is not only to expand the world's resource base, but we want to increase people's access to, and understanding of, our planet and solar system by developing capable and cost-efficient systems."

"The promise of Planetary Resources is to apply commercial innovation to space exploration. They are developing cost-effective, production-line spacecraft that will visit near-Earth asteroids in rapid succession, increasing our scientific knowledge of these bodies and enabling the economic development of the resources they contain," said Tom Jones, Ph.D., veteran NASA astronaut, planetary scientist and Planetary Resources, Inc. advisor.

Planetary Resources is financed by industry-launching visionaries, including Google CEO Larry Page and Ross Perot, Jr., Chairman of Hillwood and The Perot Group, who are committed to expanding the world's resource base so that humanity can continue to grow and prosper:

  • Eric E. Schmidt, Ph.D., Executive Chairman of Google, Inc. (NASDAQ:GOOG) and Planetary Resources, Inc. investor: "The pursuit of resources drove the discovery of America and opened the West. The same drivers still hold true for opening the space frontier. Expanding the resource base for humanity is important for our future."

  • K. Ram Shriram, Founder of Sherpalo, Google Board of Directors founding member and Planetary Resources, Inc. investor: "I see the same potential in Planetary Resources as I did in the early days of Google."

  • Charles Simonyi, Ph.D., Chairman of Intentional Software Corporation and Planetary Resources, Inc. investor: "The commercialization of space began with communications satellites and is developing for human spaceflight. The next logical step is to begin the innovative development of resources from space. I'm proud to be part of this effort."
The company's advisors include film maker and explorer James Cameron; General T. Michael Moseley (Ret.); Sara Seager, Ph.D.; Mark Sykes, Ph.D.; and David Vaskevitch.

Founded in 2009 by Eric Anderson and Peter H. Diamandis, M.D., Planetary Resources, Inc. is establishing a new paradigm for resource utilization that will bring the solar system within humanity's economic sphere of influence by enabling low-cost robotic exploration and eventual commercial development of asteroids.

Robert Pearlman
Editor

Posts: 35773
From: Houston, TX
Registered: Nov 1999

posted 04-24-2012 01:26 PM     Click Here to See the Profile for Robert Pearlman   Click Here to Email Robert Pearlman     Edit/Delete Message   Reply w/Quote
collectSPACE
Planetary Resources to mine asteroids for humanity, exploration and profit

There's gold in them thar asteroids.

And perhaps more importantly, there's also palladium and platinum and oxygen and water just waiting to be tapped in the small rocky bodies that orbit between the planets.

Enter Planetary Resources, Inc., the latest and by far best financed company to propose robotically mining the Near Earth Asteroids (NEAs) for raw materials, ranging from water to precious metals.

Robert Pearlman
Editor

Posts: 35773
From: Houston, TX
Registered: Nov 1999

posted 11-03-2016 10:48 AM     Click Here to See the Profile for Robert Pearlman   Click Here to Email Robert Pearlman     Edit/Delete Message   Reply w/Quote
Planetary Resources release
Planetary Resources and the Government of Luxembourg Announce €25 Million Investment and Cooperation Agreement

First commercial asteroid prospecting mission to launch by 2020

Planetary Resources, Inc., the asteroid mining company, announced today that it has finalized a 25 million euro agreement that includes direct capital investment of 12 million euros and grants of 13 million euros from the Government of the Grand Duchy of Luxembourg and the banking institution Société Nationale de Crédit et d'Investissement (SNCI). The funding will accelerate the company's technical advancements with the aim of launching the first commercial asteroid prospecting mission by 2020. This milestone fulfilled the intent of the Memorandum of Understanding with the Grand Duchy and its SpaceResources.lu initiative that was agreed upon this past June.

The public equity position is taken by the SNCI; and Georges Schmit, an advisory board member of the SpaceResources.lu initiative, joins Planetary Resources' Board of Directors

"We are excited in welcoming the Grand Duchy as a partner and an investor. Just as the country's vision and initiative propelled the satellite communications industry through its public-private partnerships, this funding and support will fast-track our business — advancing and building upon our substantial accomplishments," said Chris Lewicki, President and CEO, Planetary Resources, Inc. "We plan to launch the first commercial asteroid prospecting mission by 2020 and look forward to collaborating with our European partner in this pivotal new industry."

Étienne Schneider, Deputy Prime Minister and Minister of the Economy, Government of Luxembourg, said, "The Grand-Duchy of Luxembourg becoming a shareholder in Planetary Resources seals our partnership and lays the ground of the principles of our cooperation in the years to come, while demonstrating the Government's strong commitment to support the national space sector by attracting innovative activities in space resource utilization and other related areas. The Grand Duchy has a renowned history in public-private partnerships. In 1985, Luxembourg became one of the founding shareholders of SES, a landmark for satellite telecommunications and now a world leader in this sector."

Planetary Resources is establishing a European headquarters in Luxembourg that will conduct key research and development activities in support of its commercial asteroid prospecting capabilities, as well as support international business activities.

Core hardware and software technologies developed at Planetary Resources were tested on orbit last year. The company's next mission, now undergoing final testing, will validate the thermographic sensor that will precisely measure temperature differences of objects on Earth. When deployed on future commercial asteroid prospecting missions, the sensor will acquire key data related to the presence of water and water-bearing minerals on asteroids. Obtaining and using these key resources in space promises to fast-track the development of off-planet economic activities as the commercial industry continues to accelerate.

See here for discussion of Planetary Resources' plans to mine the asteroids.

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