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Google's Eric Schmidt and film director James Cameron back venture to mine in space

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 Google's Eric Schmidt and film director James Cameron back venture to mine in space
Unread 3 years agoclass of '11 - away - #1
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s7venwords 4727 heat pts4727 space
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Forget the gold rushes of the Wild West, the next grab for natural riches could eclipse anything that has gone before it. Power players including Eric Schmidt, the Google chairman, and James Cameron, the film director, are planning to mine the final frontier: space.


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Eric Schmidt, the Google chairman, and the internet giant’s co-founder Larry Page are listed alongside James Cameron, the director of Titanic and Avatar, among the venture’s investors and advisers to the space mining project.

By Emma Rowley9:30PM BST 21 Apr 2012

Power players including Eric Schmidt, the Google chairman, and James Cameron, the film director, are planning to mine the final frontier: space.

They are among the backers of a new venture that will reach for the riches lying elsewhere in the solar system. Planetary Resources will be a “space exploration company to expand Earth’s resource base” according to scant information released ahead of the start-up’s launch in Seattle on Tuesday.

“The company will overlay two critical sectors – space exploration and natural resources – to add trillions of dollars to the global GDP,” was the bold claim. “This innovative start-up will create a new industry and a new definition of 'natural resources’.”

Mr Schmidt and the internet giant’s co-founder Larry Page are listed alongside Mr Cameron, the director of Titanic and Avatar, among the venture’s investors and advisers.

The company was founded by Eric Anderson and Peter Diamandis. “Since my childhood I’ve wanted to do one thing, be an asteroid miner,” Mr Diamandis told Forbes earlier this year. “So stay tuned on that one.”

While the costs of space travel are high, the hope is that riches contained in asteroids would make the sums worthwhile. Studies suggest that gold and other metals in the earth’s crust originated from asteroids that collided with the planet during its early life.

Mr Cameron is no stranger to ventures outside of Hollywood, last month becoming the first solo diver to explore the Earth’s deepest point, the Mariana Trench in the Pacific.
Over the weekend it emerged that his fellow backer in Planetary Resources, Mr Schmidt, was paid $101m (£63m) by Google for his working during 2011.

Google's Eric Schmidt and film director James Cameron back venture to mine in space - Telegraph
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2 peeps gave props to s7venwords Delbert Mengel (04-22-2012) , hot topic  (04-21-2012)

4 comments for "Google's Eric Schmidt and film director James Cameron back venture to mine in space"

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Unread 3 years agoclass of '09 - away - #2
Jacc Blacc 40 heat pts40 space
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heard this on NPR

they said they wanted to drill asteroids

now...i know the asteroids they want are the super large asteroids that are bigger then some states in america and these super large asteroids are filled with metals like nickel, silver, and gold but how do the plan on landing on it and how do they plan to launch off of it and will this company be private or will we it be public and allow investors to buy shares because i want in

Last edited by Jacc Blacc; 04-21-2012 at 07:31 PM..
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Unread 3 years agoclass of '04 - away - #3
chirpflare 170 heat pts170 space
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n*ggas with money think they can do anything. even superman wouldnt be able to bring that sh*t back to earth.

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Unread 3 years agoclass of '10 - away - #4
kevante 3 heat pts space
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:applause: Hope this happens soon. Maybe then we could stop raping Africa and it might solve some of our energy/resources issues
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Unread 3 years agoclass of '04 - away - #5
deziking 44 heat pts44 space
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Man this some Armageddon type sh*t right here. What if they don't find these particles on asteroids.
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