I’m going to give an overview of Planetary Resources and explore the potential for asteroid mining.
Planetary Resources, PR for short, will have their Arkyd-6 imaging satellite launched from the Indian Space Research Organization’s PSLV rocket in the coming weeks.
The launch of the Arkyd 6 will bring PR one step closer to their goal to develop and deploy the technologies for asteroid mining.
How does Planetary Resources plan to mine asteroids?
Let’s find out!
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Alight, our journey starts with the asteroid, 1903 LU also known as 511 Davida.
It is the 7th largest asteroid in our solar system with a diameter of 167 to 192 miles or 270 to 310 km.
Davida was discovered by Raymond Smith Dugan in 1903, and it will blow your mind.
We will get to that a little later, but for now, let’s visit Asterank.com; which is a scientific and economic database of over 600,000 asteroids created by Ian Webster and acquired by PR in 2013.
Here it is, we can see the inner half of the solar system, the outer orange ring is the orbit of Jupiter.
The teal colored ring is the orbit of Earth.
And then there are all these tiny white dots, glowing like specs of dust.
Each of those dots are actual asteroids, simulated accurately, according to time which you can see is sped up in the upper right of the screen.
Now let’s click on Most Valuable, and look to the left of the screen. On the top of the list, we see Davida.
Next to its name is 1903’s estimated value of $15 QUINTILLION dollars.
Unless you’ve played AdVenture Capitalist, you probably aren’t familiar with QUINTILLIONS.
A QUINTILLION has 18 zeros behind it.
$15 Quintillion is so much money, it would take GDP of all the countries in the world at $78 Trillion, 197,213 years to make $15 Quintillion!
S0, Planetary Resources, PR, has their eyes set on the treasures of space.
PR’s mission is to mine near-Earth asteroids for raw materials, ranging from water to precious metals. They aim to develop cost-effective exploration technologies, and initiate prospecting missions and target resource-rich asteroids that are easily accessible.
PR believes mining asteroids could bring in billions of dollars annually to the global economy.
The effort will tap into the high concentration of precious metals found on asteroids and provide a sustainable supply to the ever-growing population on Earth.
PR was founded in 2009, in a shroud of secrecy, under the name of Arkyd Astronautics to hide their asteroid mining intentions.
It was founded by Peter Diamandis, Eric Anderson and Chris Lewicki and is headquartered out of Redmond WA.
They are backed by a handful of billionaire investors, including Google’s co-founder Larry Page, Google’s CEO Eric Schmidt, former Microsoft chief architect Charles Simonyi, and Ross Perot Jr.
The company also has Avatar director James Cameron, former astronaut Tom Jones, and planetary scientist Sara Seager as advisers.