Planetary Resources Pivots Again

Well, it looks like our friends over at the asteroid mining firm Planetary Resources have pivoted once again.

You might recall that last June the company announced it had raised a Series A round of funding totaling $21.1 million for an Earth-observation project called Ceres. The constellation of satellites would monitor natural uses using the infrared and hyperspectral sensors.

In the five years since the company came out of stealth mode, it has pivoted from focusing on asteroid missions to remote sensing and now back to asteroid missions.

Foust didn’t report on the reason for the latest pivot. However, Planetary Resources main financial backer and partner is the government of Luxembourg, a postage-size country (as these things go) that doesn’t have a lot of use for natural resource monitoring, but is very interested in asteroid mining.

In November 2016, Luxembourg announced it was investing $28 million in Planetary Resources. The company also has set up an office in the European nation.

Foust did report that Lewicki, who is the company’s CEO, said two Arkyd-6 satellites are being readied for delivery in the next month for launch. The spacecraft will search for promising asteroids.

Lewicki also said the company plans to launch its first asteroid prospecting mission in the second half of 2020.

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Planetary Resources Hires Lawyer

REDMOND, Wa., May 22, 2017 (Planetary Resources PR) – Planetary Resources, the asteroid mining company, announced today that it has named Brian Israel as General Counsel. Mr. Israel will oversee the legal, regulatory, and compliance functions for the company, its parent, and Planetary Resources Luxembourg. The company’s vision is to expand humanity’s economic sphere of influence into the Solar System by providing resources for people and products in space, with a near-term goal of identification, extraction, and refinement of water from near-Earth asteroids.

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Luxembourg Launches Space Resources Mining Initiative

Schematic view of asteroid (25143) Itokawa. (Credit: ESO)
Schematic view of asteroid (25143) Itokawa. (Credit: ESO)

LUXEMBOURG CITY (Luxembourg Government PR) — The Luxembourg Government announced a series of measures to position Luxembourg as a European hub in the exploration and use of space resources. Amongst the key steps undertaken, as part of the spaceresources.lu initiative, will be the development of a legal and regulatory framework confirming certainty about the future ownership of minerals extracted in space from Near Earth Objects (NEO’s) such as asteroids.

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Planetary Resources Ceres Satellites to Focus on Earth Observations

Video Caption: Conceived from our vision for the exploration and utilization of resources from asteroids, Ceres, our advanced Earth observation system, delivers affordable, on-demand Earth intelligence of any point on the planet.

Read more about Ceres and Planetary Resources’ Earth Observation capabilities on our website: http://www.planetaryresources.com/ear…

Editor’s Note: Hey, you guys deployed an Arkyd satellite into space in mid-July on a 90-day mission to test technology. How did that go? It’s been six months and I can’t find any updates on it at your website.

Planetary Resources on Space Measure: We Like It!

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REDMOND, Wash. (Planetary Resources PR) — Planetary Resources, Inc., the asteroid mining company, praises the members of Congress who promoted historic legislation (H.R. 2262) that recognizes the right of U.S. citizens to own asteroid resources they obtain as property and encourages the commercial exploration and recovery of resources from asteroids, free from harmful interference.

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Planetary Resources Does Davos

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Fortune Magazine’s Stephen Gandel is over in Davos, Switzerland this week, hobnobbing with the rich, famous and brilliant attendees who meet to contemplate solutions to the planet’s many problems at the World Economic Forum.

He has an entertaining piece about bumping into Planetary Resources’ President (and Chief Asteroid Miner) Chris Lewicki at a wine bar. Apparently, their discussion didn’t go much deeper than a description of the company’s plans to mine water and other materials from the Solar System’s orbiting piles of rock.

After I asked a few more questions about his company—like “is there really a lot of demand right now for gas stations and bottle water in outer space?”—Lewiski told me to stop being a critic. Every industry, he said, has to start somewhere. Yes. Dream big. This is Davos, after all.

That’s funny. And pretty impressive. Most start-ups lack the funds and connections to attend such an exclusive gathering. But, if you’re backed by multiple billionaires that include Eric Schmidt and Larry Page from Google, that’s not really a problem.

Planetary Resources Joins CSF Executive Membership

csf_logo_newestWashington D.C. (CSF PR) – The Commercial Spaceflight Federation (CSF) is proud to announce that Planetary Resources, Inc., the asteroid mining company, has joined CSF’s Executive Membership. The company had been an Associate Member since January 2012. Planetary Resources’ President and Chief Engineer Chris Lewicki will be the newest addition to CSF’s Board of Directors.

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Planetary Resources Unveils Asteroid Mining Plan

Seattle, Wash. – Planetary Resources PRApril 24, 2012  – Planetary Resources, Inc. announced today its plan to mine Near-Earth Asteroids (NEAs) for raw materials, ranging from water to precious metals. Through the development of cost-effective exploration technologies, the company is poised to initiate prospecting missions targeting resource-rich asteroids that are easily accessible.

Resource extraction from asteroids will deliver multiple benefits to humanity and grow to be valued at tens of billions of dollars annually. 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.

A single 500-meter platinum-rich asteroid contains the equivalent of all the Platinum Group Metals mined in history.

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Planetary Resources Outlines Plan for Asteroid Mining

Illustration of an asteroid retrieval spacecraft in the process of capturing a 7-m, 500-ton asteroid. (Image Credit: Rick Sternbach / KISS)

Not waiting for Tuesday’s press conference, Planetary Resources officials have outlined their plans for mining asteroids to The New York Times:

The president and chief engineer is Christopher A. Lewicki, who previously worked as a manager on Mars missions at NASA’s Jet Propulsion Laboratory. Based in Bellevue, Wash., the company employs about 25 engineers and has development contracts for technologies like laser communications that it believes it will need for prospecting and mining missions.

The plan is to launch the first spacecraft — a small telescope to find small nearby asteroids — within the next two years. Next, the company would send out a batch of small explorers to visit some of them. Actual mining would begin after that, first targeting water and then platinum.

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New Study Says Asteroid Retrieval and Mining Feasible With Existing and Near-Term Technologies

Illustration of an asteroid retrieval spacecraft in the process of capturing a 7-m, 500-ton asteroid. (Image Credit: Rick Sternbach / KISS)

By Douglas Messier
Parabolic Arc Managing Editor

A new study sponsored by the Keck Institute for Space Studies (KISS) has concluded that it would be possible to return an asteroid weighing approximately 500 metric tons to high lunar orbit where it would be mined for resources by 2025.

The Asteroid Retrieval Feasibility Study, published on April 2, was prepared for KISS, NASA Jet Propulsion Laboratory, and the California Institute of Technology (Caltech). Co-leaders of the study included John Brophy of NASA JPL/Caltech, Fred Culick of Caltech, and Louis Friedman of The Planetary Society and participants included representatives of other NASA centers, various universities, institutes and private companies.

The report may provide a preview of what a new company named Planetary Resources spearheaded by the X PRIZE Foundation’s Peter Diamandis will unveil during a press conference in Seattle next Tuesday. Two of the 34 study participants were Planetary Resources President and Chief Engineer Chris Lewicki and former astronaut Tom Jones, who is an adviser to the company. The start-up – which is backed by Google billionaires Larry Page and Eric Schmidt, Microsoft mogul Charles Simonyi, filmmaker James Cameron, and Ross Perot, Jr. – says it will “overlay two critical sectors – space exploration and natural resources – to add trillions of dollars to the global GDP. This innovative start-up will create a new industry and a new definition of ‘natural resources’.”

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Diamandis, Anderson and Simonyi to Launch Extraterrestrial Mining Company

MEDIA ALERT

Join visionary Peter H. Diamandis, M.D.; leading commercial space entrepreneur Eric Anderson; former NASA Mars mission manager Chris Lewicki; and planetary scientist & veteran NASA astronaut Tom Jones, Ph.D. on Tuesday, April 24 at 10:30 a.m. PDT in Seattle, or via webcast, as they unveil a new space venture with a mission to help ensure humanity’s prosperity.

Supported by an impressive investor and advisor group, including Google’s Larry Page & Eric Schmidt, Ph.D.; film maker & explorer James Cameron; Chairman of Intentional Software Corporation and Microsoft’s former Chief Software Architect Charles Simonyi, Ph.D.; Founder of Sherpalo and Google Board of Directors founding member K. Ram Shriram; and Chairman of Hillwood and The Perot Group Ross Perot, Jr., the company will overlay two critical sectors – space exploration and natural resources – to add trillions of dollars to the global GDP. This innovative start-up will create a new industry and a new definition of ‘natural resources’.

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