Tag Archives: mining asteroids

Planetary Resources has released a video showing off the prototype of their Arkyd-100 space telescope.

The competition heats up: Planetary Resources has released a video showing off the prototype of their Arkyd-100 space telescope.

As I noted when this company first appeared, for the foreseeable future they are going to be a manufacturer of space telescopes, not an asteroid mining company. At the same time, they, like Deep Space Industries, are going to drive satellite development towards lower cost and smarter design, which in the long run will make asteroid mining practical and profitable.

No announcement yet, but of the many stories available this Wired article and this Yahoo article appear to provide the best overview of the asteroid mining plans of Planetary Resources.

No announcement yet, but of the many stories available this Wired article appears to provide the best overview of the asteroid mining plans of Planetary Resources.

The company’s first phase is most interesting:

Within the next 18 to 24 months, Planetary Resources hopes to launch between two and five space-based telescopes at an estimated cost of a few million dollars each that will identify potentially valuable asteroids. Other than their size and orbit, little detailed information is available about the current catalog of near-Earth asteroids. Planetary Resources’ Arkyd-101 Space Telescopes will figure out whether any are worth the trouble of resource extraction.

The actual press conference is scheduled for 10:30 am (Pacific). Stay tuned.

Update: The Planetary Resources website has now been updated. You can read more about their space telescope proposal here.