Skip to comments.Mystery company backed by James Cameron and Google executives may be an asteroid mining project
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 ...
Yeah, but Newt Gingrich is an “idiot” for saying we should go back to the Moon...
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.
That is true.. Just as long NASA is not doing it, I’m fine with it.. I may invest in this company..
Good. The private sector is finally stepping up. We can finally kill off NASA soon.
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.
I’d like to think so but there are some big legal hurdles to overcome if he hopes to make any money.
... politician Ross Perot’s son, among others.”
Ross Perot is a politician?
A 30+ year old book that explains how to do this and a lot more.
” We can finally kill off NASA soon.”
To be replaced with the Space Division of the EPA.
UNSA (UN Space Arm) according to the late James P. Hogan.
I am sure it violates some UN Space Treaty somewhere. I wonder what happens if they get involved.
I’m not worried about the UN..
I’m just wondering if they’d object at some point
Stop Big Space from raping the pristine asteroid belt!!!
They’re going there for the unobtanium, which, of course, is owned by The Prople!
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.
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.
Ok, so us OWS people can’t spell - what of it?
PS - You should pay my student loan.
I hope they’ve read up on Dandridge MacFarlan Cole:
Dude know more about asteroids than anybody, and he’s been dead fifty years.
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. ;)
... and for the EPA to rule that space mining causes hailstorms.
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...
Could Space Czar/liaison with the private sector be a position for Newt in a Romney administration? At first glance, I like it.
The Moon is a Harsh Mistress. Someone should write a book. ;)
That’d be good.
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.
“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)
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.
Where do I sign up?
Is that a sci-fi book, or sort of a how-to?
Something I got from a sci-fi audiobook: BFRs.
It stands for rocks that are big. You do the math.
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.
A how to but he explains the physics behind a lot of sci-fi and how it really isn’t that far fetched.
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.