Home > Science/Astronomy > Why Mining an Asteroid for Water and Precious Metals Isn’t as Crazy as it Sounds

Why Mining an Asteroid for Water and Precious Metals Isn’t as Crazy as it Sounds

Planetary Resources wants to start mining asteroids, and there’s no good reason why they cannot
By Clay Dillow Posted 04.24.2012 at 3:59 pm

Billionaire-backed space startup Planetary Resources has officially unveiled its business plan to much fanfare and with few surprises. The company’s principals–which include X-Prize Foundation founder Peter Diamandis, Space Adventures co-founder Eric Anderson, and former NASA Flight Director Chris Lewicki–today pledged that Planetary Resources would make the abundant resources of space available here on Earth, and introduced a couple of the company’s own spacecraft that will make such space prospecting possible. The rush for space resources is officially on.

 
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