Next Frontier: Mining Asteroids

Discussion in 'Economics' started by gwb-trading, Apr 24, 2012.

  1. Tech billionaires bankroll gold rush to mine asteroids

    (Reuters) - Google Inc executives Larry Page and Eric Schmidt and filmmaker James Cameron are among those bankrolling a venture to survey and eventually extract precious metals and rare minerals from asteroids that orbit near Earth, the company said on Tuesday.

    Planetary Resources, based in Bellevue, Washington, initially will focus on developing and selling extremely low-cost robotic spacecraft for surveying missions.

    A demonstration mission in orbit around Earth is expected to be launched within two years, said company co-founders Peter Diamandis and Eric Anderson.