Saturday, April 21, 2012

New Company Called Planetary Resources To Launch Next Week

Google founders Eric Schmidt and Larry Page and teamed up with "Avatar" movie director James Cameron for an ambitious project that will be launched on April 24, 2012.

The new company, to be called Planetary Resources, will have its unveiling at the Museum of Flight in Seattle, Washington this next week.

The purpose of this venture is to combine "space exploration and natural resources" together to earn "trillions of dollars for the global GDP." The Wall Street Journal reprots that this new company will be exploring the feasibility of mining natural resources from asteroids.  Which is an idea that has been around the space colonization effort community for decades.

Former NASA Mars mission manager Eric Anderson, is co-founder for Planetary Resource.  Peter Diamandia is the commercial space entrepreneur who was behind the X-Prize, a competition that offered $10 million to a group that launched a reusable manned spacecraft.

1. Reuters/ "Google execs, director Cameron in space venture" by Gerry Shih, editing by Bernard Orr. April 21, 2012. (

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