Tuesday, April 24, 2012

James Cameron-backed Planetary Resources to search the universe for Unobtainium

Image

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.

Permalink   |  sourceReuters  | Email this | Comments


school delays critics choice awards 2012 honey badger colbert president huntingtons disease rob the firm

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.