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Mystery company backed by James Cameron and Google executives may be an asteroid mining project
The Verge ^ | 04/18/12 | Adi Robertson

Posted on 04/18/2012 5:01:07 PM PDT by KevinDavis

MIT's Technology Review has just gotten news of a mysterious new project that claims it will "create a new industry and a new definition of 'natural resources.'" Space exploration company Planetary Resources will be unveiled in a conference call on Tuesday, April 24th. Besides the audacious announcement, which promises to "overlay two critical sectors — space exploration and natural resources — to add trillions of dollars to the global GDP," what makes this unique is its high-profile support group. The venture is backed by Google executives Larry Page and Eric Schmidt, director James Cameron, and politician Ross Perot's son, among others.

(Excerpt) Read more at theverge.com ...


TOPICS: Business/Economy; Miscellaneous
KEYWORDS: space

1 posted on 04/18/2012 5:01:21 PM PDT by KevinDavis
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To: Jack Hydrazine; ELS; ToxicMich; Cronos; A_perfect_lady; Art in Idaho; perplyone; TheOldLady; ...

2 posted on 04/18/2012 5:02:44 PM PDT by KevinDavis (Go Mitt Go!!!)
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To: KevinDavis

Yeah, but Newt Gingrich is an “idiot” for saying we should go back to the Moon...


3 posted on 04/18/2012 5:04:02 PM PDT by 2ndDivisionVet (Ich habe keinen Konig aber Gott)
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To: KevinDavis

People laughed at Newt Gingrich when he talked about space mining. But he knew what he was talking about, and that’s obviously where it’s at. That’s where the money is going.


4 posted on 04/18/2012 5:04:26 PM PDT by livius
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To: livius; All

That is true.. Just as long NASA is not doing it, I’m fine with it.. I may invest in this company..


5 posted on 04/18/2012 5:11:20 PM PDT by KevinDavis (Go Mitt Go!!!)
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To: KevinDavis

Good. The private sector is finally stepping up. We can finally kill off NASA soon.


6 posted on 04/18/2012 5:11:59 PM PDT by Lurker (The avalanche has begun. The pebbles no longer have a vote.)
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To: KevinDavis

Going to the moon is important, as it will be a support base for asteroid mining. This provides an alternate site, besides Earth, for a water source.


7 posted on 04/18/2012 5:14:50 PM PDT by SatinDoll
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To: KevinDavis

I’d like to think so but there are some big legal hurdles to overcome if he hopes to make any money.


8 posted on 04/18/2012 5:16:22 PM PDT by cripplecreek (What does it profit a man if he gains the whole world but loses his soul?)
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To: KevinDavis

... politician Ross Perot’s son, among others.”

Ross Perot is a politician?


9 posted on 04/18/2012 5:18:27 PM PDT by ngat
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To: KevinDavis
If this interests anyone they should ABSOLUTELY read Jerry Pournelle's 'A Step Farther Out'

A 30+ year old book that explains how to do this and a lot more.

10 posted on 04/18/2012 5:20:19 PM PDT by DarthFuzball ("Life is full of little surprises." - Pandora)
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To: Lurker

” We can finally kill off NASA soon.”

To be replaced with the Space Division of the EPA.


11 posted on 04/18/2012 5:22:08 PM PDT by Rebelbase
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To: Rebelbase

UNSA (UN Space Arm) according to the late James P. Hogan.


12 posted on 04/18/2012 5:26:20 PM PDT by treetopsandroofs (Had FDR been GOP, there would have been no World Wars, just "The Great War" and "Roosevelt's Wars".)
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To: KevinDavis

BUMP


13 posted on 04/18/2012 5:30:24 PM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: KevinDavis

I am sure it violates some UN Space Treaty somewhere. I wonder what happens if they get involved.


14 posted on 04/18/2012 5:33:47 PM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: GeronL; All

I’m not worried about the UN..


15 posted on 04/18/2012 5:35:10 PM PDT by KevinDavis (Go Mitt Go!!!)
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To: KevinDavis

me either.

I’m just wondering if they’d object at some point


16 posted on 04/18/2012 5:38:36 PM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: KevinDavis

Stop Big Space from raping the pristine asteroid belt!!!

/s

They’re going there for the unobtanium, which, of course, is owned by The Prople!


17 posted on 04/18/2012 5:42:06 PM PDT by citizen (Romney doubters: Better check your Obama yard sign. The neighbor dog just took a leak on it...again.)
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To: KevinDavis
This could be a three-fer:

1. Mine materials from asteroids and send back to earth
2. Launch materials from belt toward earth so that they end up landing in Iran.
3. Resulting dust will counteract whatever bad effects there are of global warming.

18 posted on 04/18/2012 5:43:08 PM PDT by who_would_fardels_bear
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To: KevinDavis

Not impossible. For example, just the near Earth asteroid 433 Eros is 21 miles by about 9x9 miles in size, but is believed to have more of several valuable metals such as platinum group metals than exist in the entire crust of the Earth.

It has an irregular orbit and at one point comes within 100 million miles to Earth. NASA has already landed one probe on it.

So if a robot mining, ore concentrating probe landed on it, it could mine and concentrate the ore into a big ball of crude metals. And because 433 Eros is rotating, a cable could be run from it with the ball on the end, to give it great momentum, that when detached would hurl it towards where Earth was going to be.

Once close enough, the ball could be collected in near orbit and brought to Earth. Platinum alone is already worth about $1600/oz.


19 posted on 04/18/2012 5:44:52 PM PDT by yefragetuwrabrumuy ("It is already like a government job," he said, "but with goats." -- Iranian goat smuggler)
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To: citizen

Ok, so us OWS people can’t spell - what of it?

PS - You should pay my student loan.


20 posted on 04/18/2012 5:44:52 PM PDT by citizen (Romney doubters: Better check your Obama yard sign. The neighbor dog just took a leak on it...again.)
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To: KevinDavis

I hope they’ve read up on Dandridge MacFarlan Cole:
http://en.wikipedia.org/wiki/Dandridge_MacFarlan_Cole

Dude know more about asteroids than anybody, and he’s been dead fifty years.


21 posted on 04/18/2012 5:46:50 PM PDT by Born to Conserve
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To: KevinDavis

Look for Obama to sign an Executive Order putting all space mining under Federal control.


22 posted on 04/18/2012 5:51:45 PM PDT by airborne (Paratroopers! Good to the last drop!)
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To: airborne
Look for Obama to sign an Executive Order putting all space mining under Federal control.

It's really difficult to control very remote colonies of can-do people. Ask the late King George III. ;)

/johnny

23 posted on 04/18/2012 5:58:03 PM PDT by JRandomFreeper (Gone Galt)
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To: airborne
Look for Obama to sign an Executive Order putting all space mining under Federal control.

... and for the EPA to rule that space mining causes hailstorms.

24 posted on 04/18/2012 6:00:25 PM PDT by Interesting Times (WinterSoldier.com. SwiftVets.com. ToSetTheRecordStraight.com.)
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To: GeronL

I’m sure the UN will want to butt in. To Which the company should reply: feel free. Our offices are on the Moon, and you’ll have to deliver your diktats in person. AND back them up...


25 posted on 04/18/2012 6:01:53 PM PDT by Salgak (The Energizer Border: I **DARE** you to cross it. . . .)
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To: JRandomFreeper

Could Space Czar/liaison with the private sector be a position for Newt in a Romney administration? At first glance, I like it.


26 posted on 04/18/2012 6:02:46 PM PDT by citizen (Romney doubters: Better check your Obama yard sign. The neighbor dog just took a leak on it...again.)
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To: Salgak
The moon is high ground. And regolith is as good as plutonium when you drop it from high enough.

The Moon is a Harsh Mistress. Someone should write a book. ;)

/johnny

27 posted on 04/18/2012 6:10:14 PM PDT by JRandomFreeper (Gone Galt)
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To: Salgak

lol.

That’d be good.


28 posted on 04/18/2012 6:24:20 PM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: KevinDavis
"everything we hold of value on this planet — metal and minerals and real estate and energy" are available in "infinite quantities."

The whole reason these things are valuable is that they are scarce.

If you managed to bring a $20T nickel-iron asteroid into earth orbit and mine it, the primary result, besides causing a lot of earthside nickel and iron miners to lose their jobs, would be a catastrophic drop in the price of nickel and iron.

29 posted on 04/18/2012 6:29:16 PM PDT by Sherman Logan
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To: KevinDavis

“Trillions of dollars to the global GDP”

Prolly means about $.10 for every man woman and child after Cameron and his globalist investor buddies enjoy their take

enjoy your wealth

(oh, and don’t forget you owe $.03 in global tax on your share)


30 posted on 04/18/2012 6:34:15 PM PDT by silverleaf (Funny how all the people who are for abortion are already born)
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To: KevinDavis

Awesome!!


31 posted on 04/18/2012 7:01:25 PM PDT by Former MSM Viewer
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To: citizen
Could Space Czar/liaison with the private sector be a position for Newt in a Romney administration? At first glance, I like it.

ruin the thread by bringing up the next biggest fraud after Obama. That would be Mitt.

If somehow the evil Mitt wins the nomination, I hope he and the rest of the GOP-e gets slaughtered politically.

Mitt and his staff are nothing but a bunch of power-lusting frauds.

P.S. ALL Conservatives should keep hoping that a miracle happens and the fraudulent Statist Mitt doesn't win the nomination.

32 posted on 04/18/2012 7:24:40 PM PDT by sand88 (Nothing on this Earth would get me to vote for Mitt.)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks KevinDavis.


33 posted on 04/18/2012 8:54:36 PM PDT by SunkenCiv (FReepathon 2Q time -- https://secure.freerepublic.com/donate/)
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To: KevinDavis

Where do I sign up?


34 posted on 04/18/2012 10:21:34 PM PDT by wastedyears (There can be only one.)
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To: DarthFuzball

Is that a sci-fi book, or sort of a how-to?


35 posted on 04/18/2012 10:23:00 PM PDT by wastedyears (There can be only one.)
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To: JRandomFreeper

Something I got from a sci-fi audiobook: BFRs.

It stands for rocks that are big. You do the math.


36 posted on 04/18/2012 10:35:40 PM PDT by wastedyears (There can be only one.)
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To: Rebelbase

To be replaced with the Space Division of the EPA.

Let’s not omit OSHA in Space for some real regulations ... can’t have people flying all over space without adequate safety equipment like regulation backup ships attached to each one as well as NASA approved gauges, parts, and so forth - oh and an approved GPS unit as well as a flare kit both approved by the Coast Guard.


37 posted on 04/19/2012 12:35:22 PM PDT by PIF (They came for me and mine ... now it is your turn ...)
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To: wastedyears

A how to but he explains the physics behind a lot of sci-fi and how it really isn’t that far fetched.


38 posted on 04/19/2012 6:48:13 PM PDT by DarthFuzball ("Life is full of little surprises." - Pandora)
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To: KevinDavis

I hope that this truly is an enterprising commercial space effort to mine the heavens, but knowing the political nature of the players involved, I am fearful that it is just some green scam. Please prove me wrong guys.


39 posted on 04/19/2012 10:07:49 PM PDT by anymouse (God didn't write this sitcom we call life, he's just the critic.)
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