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Asteroids Is A Game No More: Planetary Resources Plans To Mine One

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As suspected, Planetary Resources has revealed an insight into its plans, which are due for a full reveal later today: The effort led by X-Prize's Peter Diamandis will aim to mine our solar system's asteroids for profit, and with the goal of improving life on Earth. That's possible because of the sheer scale of raw materials found roaming the depths of the solar system, with a single platinum-rich rock capable of containing billions of dollars' worth of precious elements like platinum—primed and ready to boost our GDP. No science fiction myth, the super-wealthy backers plan within a decade to snare a passing asteroid and access its resources.

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  • Rita Dawson

    This is indeed a very good effort by X-prize's Peter Diamandis. "No science fiction myth" - sounds interesting. Anyways, thanks for the informative share.

  • Guest

    So. Imagine it is 2037 and Planetary Resources is a major player in the asteroid mining business.

    Which of these scenarios sounds more like a Heinlein story?

    "I got this picture of my old house from space for being an early backer of Planetary Resources."


    "I get a super-awesome regular dividend 'cause I was an early backer of Planetary Resources."

    I don't want tchotchkes in return for helping you bootstrap your Serious Asteroid Mining Company. I want *shares*.

  • Guest

    whups, left that here by accident instead of on the post where Planetary's pondering a Kickstarter.

  • Ben

    I was at a Harvard Observatory lecture just last week when Dr. Martin Elvis shared his belief that the only realistic way to spur space exploration is to privatize it via asteroid mining. Perhaps this idea isn't as spacey as it first sounded. 

    But how long will value of plutonium stay at a level that can justify the expense of these experimental mining operations? Like any rare commodity, if we're bringing back 20 tons of it at a time, when does the supply begin to significantly push down value?