23rd November 2013

Driving economic growth into the Solar System

Planetary Resources, Inc. was co-founded in 2010 by Peter Diamandis and Eric C. Anderson. This new startup company hopes to address one of the paramount problems faced on Earth: resource scarcity. It will achieve this by developing a robotic asteroid mining industry, based on reduced fuel costs. As this video explains, prospecting and mining asteroids could drive economic growth into the Solar System, where potentially trillions of dollars' worth of metals and minerals lie. Planetary Resources has already signed an agreement with Virgin Galactic for payload services. In early 2014, they plan to launch "Arkyd-3", a testbed for the larger Arkyd-100 spacecraft that will hunt for asteroids.

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