Tag Archives: profit

To mine the asteroids, first build small cheap space telescopes.

To mine the asteroids, first build small cheap space telescopes.

The space telescope will be based on the same design Planetary Resources will eventually use for its asteroid-prospecting spacecraft: a 30-kilogram to 50-kilogram flier packed with imaging sensors and a laser-optical communication system the company is developing to avoid encumbering its spacecraft with large antennas. The company, which says it has about two dozen employees, will market these spacecraft as cheap but effective telescopes for both astronomical and Earth-observing applications. Sales would provide cash for the company’s core work on asteroid mining, Eric Anderson, co-founder and co-chairman of Planetary Resources, said.

The telescope slated for launch sometime in the next two years “would be something, let’s say, a university buys [for astronomical observations], or a commercial company that wants to monitor shipping traffic or something like that,” Anderson said in a phone interview. The cost for the telescope, which Planetary Resources is calling Arkyd-101, would be “millions of dollars, including launch.”

At the Planetary Resources press conference today, there was a lot of talk about the benefits and profits to be gained from mining the asteroids. However, this ain’t gonna happen for quite a few years. In the meantime, the company plans to make money building space telescopes which scientists and others can use, for a fee, to do research.

In other words, the government and astronomers dropped the ball on replacing the Hubble Space Telescope. Now, private enterprise is going to pick it up and run with it.

Some wisdom from Pravda: “Humans explore space only for profit.”

Some wisdom from Pravda: “Humans explore space only for profit.”

And then there’s this, from the U.N., not surprisingly published at MSNBC: “Private property in outer space: The other side of the argument.” To quote the U.N. expert: “More rules are needed, but I am also of the opinion that you do not need to create property rights [in space].”

It is a sad world when support for capitalism, private property rights, and competition comes from Pravda, while in the U.S. such ideas get slapped down.

Eco-friendly festival closes down due to lack of attendence

Eco-friendly festival closes down due to lack of attendance.

Reminds me of a local news piece here in Maryland last week, where a team from the University of Maryland in College Park won a Department of Energy competition for the best built solar powered house. The problem is that the house cost $330,000 to build, is only 920 square feet in size, and the best price they hope to get for it is $250,000, if that.

In other words, it appears that these ecological projects have little to do with the real world, where creating something that customers will want to buy is the only way to succeed. All else is fantasy.