Deep Space Industries to fly probe to asteroid

The competition heats up: A private company, Deep Space Industries (DSI), has announced plans to send the first privately-built probe to an asteroid before the end of the decade.

Recently, Deep Space Industries and its partner, the government of Luxembourg, announced plans to build and fly Prospector-X™, an experimental mission to low-Earth orbit that will test key technologies needed for low-cost exploration spacecraft. This precursor mission is scheduled to launch in 2017. Then, before the end of this decade, Prospector-1 will travel beyond Earth’s orbit to begin the first space mining exploration mission.

Note that this funding is another example of the Luxembourg government’s effort to invest in commercial space, for profit.

If all goes as planned, the rest of this decade should be very exciting. We will have a private mission to the Moon, a private mission to an asteroid, and a private mission to Mars. All will cost pennies compared to what the government spends. All will be built and launched quickly, compared to how long the government takes. And all will be for profit, which is certainly not what the government is interested in.

The plans and proposed launch schedule of the new asteroid mining company, Deep Space Industries.

The plans and proposed launch schedule of the new asteroid mining company, Deep Space Industries.

They aim to do their work using cubesats, which will keep everything cheap and simple, with the first launches by 2015, and the first sample return missions by 2016. Their new manufacturing technology appears to be a variation of 3D printing, though the descriptions so far released remain vague on details.

We should have even more information later today, after their press conference, aired live on youtube here at 1 pm (eastern).

Another asteroid mining company will announce its plans tomorrow, Tuesday.

The competition heats up: Another asteroid mining company will announce its plans tomorrow, Tuesday.

As I mentioned earlier today, it is important to maintain a skeptical attitude to each of these new commercial space companies, even as we cheer them on enthusiastically. For example, I am very curious how this company has come through with a “breakthrough process for manufacturing in space.” What could this be, and why has no one thought of it before?