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Planetary Resources Co-Founder Aims To Create Space 'Gold Rush'
Forbes ^ | 04/20/12 | Brian Caulfield

Posted on 04/21/2012 5:31:08 AM PDT by KevinDavis

Earlier this year, entrepreneur and X-Prize impresario Peter Diamandis hinted he was about to unveil something amazing: a startup that will mine asteroids for precious metals.

“Since my childhood I’ve wanted to do one thing, be an asteroid miner,” Diamandis told Forbes. “So stay tuned on that one.”

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


TOPICS: Business/Economy; Front Page News; Miscellaneous; News/Current Events
KEYWORDS: asteroidmining; gingrich; mining; moonmining; newt; newtgingrich; space; spacex; xprize
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To: KevinDavis
We the bronze age bitter clinger's society demand you cease and desist this devil's work, post haste.

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21 posted on 04/21/2012 7:32:14 AM PDT by cripplecreek (What does it profit a man if he gains the whole world but loses his soul?)
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To: mcshot
I wonder about it also. I mean it would make great sense to build a moon base. We have the tech and ability to do it. Think about having a mining complex, science complex, and a deep space Hubble type observatory. It makes more sense to build than having an orbiting space station.... Easier to build and much much safer.Think of the possibilities, but our country doesn't want to.
I have heard astronauts and NASA scientist say the same thing.... The Aliens said, stay away...
22 posted on 04/21/2012 7:34:02 AM PDT by baddog 219
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To: KevinDavis

NASA gets the shaft.
Peter drills a shaft.


23 posted on 04/21/2012 7:40:50 AM PDT by bunkerhill7 (Space tunnels???? Who knew?)
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To: cripplecreek

Asteroid Justice? Today’s Global Climate Justice, is the next Galacic Harmony Offensive if we start raping asteroids, changing their mass and causing their orbits and paths to falter.


24 posted on 04/21/2012 7:54:20 AM PDT by blackdog (There is no such thing as healing, only a balance between destructive and constructive forces.)
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To: silverleaf

As a white European, I demand reparations for the enslavement of my peoples at the hands of the Moslem hordes!


25 posted on 04/21/2012 8:11:26 AM PDT by stefanbatory (Insert witty tagline here)
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To: KevinDavis

I’d like to salvage orbital junk, but the fuel costs and logistics seem prohibitive.


26 posted on 04/21/2012 8:11:34 AM PDT by onedoug
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To: Alas Babylon!

Thank you!


27 posted on 04/21/2012 8:15:31 AM PDT by onedoug
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To: KevinDavis

the jupiter mining corporation?


28 posted on 04/21/2012 8:19:23 AM PDT by camle (keep an open mind and someone will fill it full of something for you)
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To: Kenny Bunk

I never read Heinlein......


29 posted on 04/21/2012 8:45:18 AM PDT by KevinDavis (Go Mitt Go!!!)
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To: KevinDavis
I'm surprised someone hasn't tried to mine satellites.
30 posted on 04/21/2012 9:07:27 AM PDT by bgill
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To: blackdog

A lot of terrestrial resources have political risk.

Russia, Congo, South Africa, etc.

As for “Why asteroids?” Its all about Delta Vee; that is, the change in velocity required. In order to get to the Moon’s surface from Lunar orbit you need to change velocity 2.6 Km/sec (IIRC). In order to get back to Lunar orbit you must again change by 2.6 Km/sec.

There are lots of asteroids where you can use gravity “slingshots” and flybys of Luna, Earth, Venus, et al to get Delta Vee requirements down to .5 Km/sec or less.

Remember, doubling Delta Vee takes four times as much fuel because of MV2.

Also, mining asteroids is much less controversial than claiming a piece of Luna. You perform a public service by removing a rock that could hit Earth in the future.

As for ownership, was there any question of who owned the rocks Apollo returned from Luna? If you bag it, you OWN it in space.

Add in a Space Elevator to geosynchronous orbit and beyond (now possible with carbon nanotubes 600X strength/wt of steel), and you have a real High Frontier!


31 posted on 04/21/2012 9:26:10 AM PDT by darth
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To: KevinDavis

Don’t know if you read what I posted before about RAH:

At the L-5 Society Convention in 1984 (I think that was the year) I was sitting there in my tuxedo waiting for the final banquet to begin. Everybody at our table buzzed with excitement. I asked why. “Don’t you know, this is Heinlein’s table!”

Soon, they seated R.A. Heinlein next to me. I finished off most of the wine on the table, and then turned to him. “Mister Heinlein, I got a bone to pick with you. I read Starship Troopers and was inspired to go to West Point. It wasn’t any fun at all.”

“Well”, he replied, “That’s where you screwed up. You should have gone to Annapolis”. And then he told me a parable.

“When Navy played Army, they took the cadets to Chicago for the game. The good people of Chicago made sure that all of the cadets had blind dates. One cadet got along so famously with his blind date that she wrote him a letter advising him that she was with child.

The cadet went to the Commandant and asked for Compassionate Leave. Then he went to Chicago. He met the girl’s parents and said, “I’m terribly sorry about what happened, but I am ready to resign from West Point and make your daughter an honest woman”.

The parents replied, “Son, that won’t be necessary. We’ve discussed it, and we’d much rather have a bastard in the family than a West Pointer”.

What an honor to be zinged by RAH!


32 posted on 04/21/2012 9:32:55 AM PDT by darth
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To: KevinDavis

There is a lot of potential here. Just one known asteroid, that NASA has already landed a probe on, called “433 Eros”, which is about 34.5km x 11km x 11km, is believed to have more precious metals in it, especially platinum group metals, than exist in the entire crust of the Earth.

To put that in perspective, on Earth, “platinum ore” has something between 4-6 parts per million of platinum in it. Non-platinum ore, that is, most all other rock, has maybe 1-2 parts per million. It is so rare that typically, the dust on the side of highways is reclaimed, because it has almost as many molecules of platinum group metals, from catalytic converters in cars, as does platinum ore.

At last check, platinum is selling for $1,577/troy ounce. While unusually worth less than gold right now, at $1,642/troy ounce, you can see why mining asteroids to get several tons of each every few months, is becoming far more reasonable.


33 posted on 04/21/2012 9:38:13 AM PDT by yefragetuwrabrumuy ("It is already like a government job," he said, "but with goats." -- Iranian goat smuggler)
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To: stefanbatory

You white europeans keep paying your jizya in the form of tolerating uncontrolled immigration of moslems into your countries, supporting them with lavish welfare benefits, and the relentless submission of your western cultural values to islam in the name of tolerance

Then, you get to keep your heads attached to yuor infidel necks.... allu akbar


34 posted on 04/21/2012 9:41:01 AM PDT by silverleaf (Funny how all the people who are for abortion are already born)
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To: KevinDavis

"Get your ass to Mars.....Get your ass to Mars.....Get your ass to Mars....."

35 posted on 04/21/2012 9:42:52 AM PDT by dfwgator (Don't wake up in a roadside ditch. Get rid of Romney.)
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To: yefragetuwrabrumuy

For me the real interest lies in the technological advances that would naturally grow from industrialized space.

They’re talking about mining near earth asteroids but that would inevitably lead to mining the main asteroid belt which means faster ships. That in turn will lead to looking for minerals and gasses of the Kuiper belt which will require even faster ships. Once you start looking to the Ort cloud, you can reasonably start talking about missions to Alpha Centauri and Barnard’s star.

Few of these things will happen in our lifetimes but it sure would be nice to see mankind actually striving to do something again.


36 posted on 04/21/2012 10:14:40 AM PDT by cripplecreek (What does it profit a man if he gains the whole world but loses his soul?)
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To: mcshot

The movie “Apollo 18” was a documentary.


37 posted on 04/21/2012 10:23:00 AM PDT by hattend (Firearms and ammunition...the only growing industries under the Obama regime.)
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To: baddog 219
Ask the only professional scientist to visit the Moon what his opinion is about the "aliens warned us off" theories.

I guess we're really pissing them aliens off right now, walking a fine line, with a total of five spacecraft orbiting the Moon at the same time.

38 posted on 04/21/2012 10:35:52 AM PDT by Prospero
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To: Prospero

We’ve got quite a few spacecraft running all over the place. There are several orbiting mars. Cassini is orbiting Saturn. Juno is headed for Jupiter, New Horizons is less than 10 AU from pluto. Dawn is checking out asteroids. Messenger is orbiting Mercury and there’s at least one orbiting Venus. Several are studying the sun and more are looking into deep space.


39 posted on 04/21/2012 11:52:30 AM 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

I heard the moon is made of green cheese? I think I heard it was on MSNBC.


40 posted on 04/21/2012 3:43:56 PM PDT by Leep (Enemy of the Statist)
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