Private company plans to mine asteroids

Crusader

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Planetary Resources, Inc. is not your average startup: its mission is to investigate and eventually mine asteroids in space!

Last week, the company issued a somewhat cryptic announcement saying they “will overlay two critical sectors – space exploration and natural resources – to add trillions of dollars to the global GDP”. I predicted this meant they wanted to mine asteroids, and yes, I will toot my own horn: I was right. They’re holding a press conference Tuesday morning to officially announce they’re going asteroid hunting.

The company had a pretty fierce amount of credibility right off the bat, with several ex-NASA engineers, an astronaut, and planetary scientists involved, as well as the backing of not one but several billionaires, including a few from Google… not to mention James Cameron. The co-founders of Planetary Resources are Peter Diamandis — he created the highly-successful X-Prize Foundation, to give cash awards to incremental accomplishments that will help achieve technological breakthroughs, including those for space travel — and Eric Anderson, X-Prize board member and Chairman of the Board of the Space Spaceflight Federation.

These are very, very heavy hitters. Clearly, they’re not screwing around.

So what’s the deal?

Full article here

Now this is very interesting news. I think the future of space exploration is now firmly in the hands of private companies. NASA seems to be floundering without the necessary funding. If there's enough incentive for private companies then we'll get there far sooner than any government agencies could have done it.

What I particularly love about this is the long-term scope of Planetary Resources' plans.
 

Barilak

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We live in exciting times. Science Fiction is becoming, well, just science.
 

Shake&Bake

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I take it that a matric certificate alone won't get you a job as an asteroid miner? :eek:

Jeez - this really interesting news!
 

Grubscrew

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I take it that a matric certificate alone won't get you a job as an asteroid miner? :eek:

Jeez - this really interesting news!

In the beginning no, but 25-50 years down the line when a job like that will be all too common they will employee almost anybody a cheap ass lunar rates.
 
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Picard

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Like I said before (can't remember when). This is great news but the only people (businesses) that will ever see a profit is still 150 years (at least) away.

But we have to do the "daft" things now, if we ever want to get to the winning stage then.

Kind of like the ANC. They are pathetic at the moment but it's only through stupid trial and error (lots of them ... for the next 200 years ... because they don't learn from other peoples' mistakes ... they have to make their own) that they will ever get to the governing standard of the westerners.
 
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Crusader

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Just think where we could've been if the Americans and NASA had continued to go to the Moon and kept innovating at the same pace they did during the Apollo era. Sadly, it was a war effort so as soon as the threat waned they stopped.

Neil deGrasse Tyson puts the current motivation for space exploration very aptly as being either of war or economic interest.

No one wants to die, and no one wants to die poor. These are the two fundamental truths that transcend culture, they transcend politics, they transcend economic cycles. So, once you recognize that a healthy moving frontier in space stimulates the kind of mindset that fosters innovations in science and technology, then you'll realize that of course we need to go in space because that's just the kind of society you'll want to live in.

While war is always the easiest solution to anybody's funding problem, you don't want war to be the modern day driver of space -- even though that's what got us to the moon, in spite of our memory cleansing that into "We're Americans, we're explorers, we're discoverers, that's why we went to the moon." So going forward, the economic argument is a strong one, but it's not a simple "A goes to B". It's not "We need more innovation, so let's fund innovation companies."

My favorite quote, I think it was Antoine Saint-Exupery who said, "If you want to teach someone to sail, you don't train them how to build a boat. You compel them to long for the open seas." That longing drives our urge to innovate, and space exploration has the power to do that, especially when it's a moving frontier because all traditional sciences are there. And so you'll get the best students, they'll have a place to land, and you'll change the attitude that our culture has to the role of science, engineering, technology, and math on our future.

To make any future that we dreamt up real requires creative scientists, engineers, and technologists to make it happen. If people are not within your midst who dream about tomorrow -- with the capacity to bring tomorrow into the present -- then the country might as well just recede back into the cave because that's where we're headed.

If these guys succeed they will be building the stepping blocks we'll need for expanding out in the solar system, or at the very least to have a much better chance to survive an asteroid or comet heading our way.
 
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Picard

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If you want to teach someone to sail, you don't train them how to build a boat. You compel them to long for the open seas.

Very good quote.

But immediate needs are always more important than any long distance goals. The world is not economically comfortable enough at the moment to pursue any of these. People need jobs and governments need to focus on this before luxury endeavours to space exploration.

But again if we keep on thinking along these lines all the time, luxuries like space exploration will never happen.
 

Nerfherder

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Ha ha. Reminds me of Wall-e

It does ?

Reminds me more of Avatar... also James Cameron is actually involved in this, to make it even more bizzare.
 
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