Planetary Resources Shelves Arkyd Space Selfies Due to Lack of Funding

Arkyd-3 satellite (Credit: Planetary Resources)
Arkyd-3 satellite (Credit: Planetary Resources)

Asteroid mining company Planetary Resources sent out the following cancellation and refund message today has been sent to supporters of its ARKYD Kickstarter. The campaign raised money so people could send pictures of themselves into space that would be displayed with Earth in the background.

According to the message, Planetary Resources was only going to launch the satellite if it got other people to give them even more money to fly the mission. That funding was which was not forthcoming from the multiple billionaires that back Planetary Resources (Larry Page, Eric Schmidt and Richard Branson among them) or anyone else the company targeted for funding.

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Number of Billionaires Investing in Space Projects Grows

Forbes has published its annual list of the planet’s billionaires. A small but growing number of them are either directly supporting major space projects or doing so through the companies that they run.

FORBES RANKNAMEAGE
2015 NET WORTH (BILLIONS)
SOURCE(S) OF WEALTH
SPACE INVESTMENT(S)
 15Jeff Bezos51 $34.8Amazon.comBlue Origin
16Mark Zuckerberg30
 $33.4FacebookGlobal satellite network
19Larry Page41$29.7 GoogleSpaceX, Planetary Resources, Planetary Ventures, Google Lunar X Prize, Skybox
20Sergey Brin 41 $29.2GoogleSpaceX, Planetary Ventures, Google Lunar X Prize, Skybox
43Charles Ergen62$19.8DISH NetworkDISH Network
51Paul Allen62 $17.5 Microsoft, investmentsStratolaunch Systems, SETI, Mojave Aerospace Ventures (SpaceShipOne)
100Elon Musk43$12PayPal, Tesla Motors, SpaceX, SolarCitySpaceX
137Eric Schmidt59$9.1GoogleSpaceX, Google Lunar X Prize, Planetary Ventures, Skybox
330Richard Branson
64$4.8Virgin GroupVirgin Galactic, Planetary Resources, OneWeb
1006Kavitark Ram Shriram58$1.9Google, venture capitalPlanetary Resources
1105H. Ross Perot, Jr.56$1.8 Computer services, real estatePlanetary Resources
1324Charles Simonyi 67$1.4MicrosoftPlanetary Resources
1415Peter Sperling55$1.3University of PhoenixEcliptic Enterprises

I’ve added Mark Zuckerberg of Facebook to the list this year. His company is reportedly working on a global broadband network that would involve satellites, although details of the plan have not been made public.

I’ve left off Cirque du Soleil’s Guy Laliberte, who came in at number 1006 with a net worth of $1.9 billion. Although he once took a trip to the International Space Station, he is not known to be funding any major space projects at the moment.

Update: I’ve added Charles Ergen and Peter Sperling to the list. Big shout out to Rex Ridenoure over at Ecliptic Enterprises.

Planetary Resources Does Davos

planetary_resources
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.

Not Many Billionaires Focused on Commercial Space

branson_richardson_ss2
Richard Branson and then-Gov. Bill Richardson. (Credit: Douglas Messier)

By Douglas Messier
Parabolic Arc Managing Editor

Forbes has released its annual list of the world’s billionaires. There are a record 1,426 individuals with an aggregate net worth of $5.4 trillion in the world. The table below shows the tiny handful of this group — nine individuals — who are currently or have been previously involved in space projects.

RankNameNet Worth (Billions)AgeNationalityCompany/
Business
Space Project(s)

19

Jeff Bezos$25.249AmericanAmazon.com CEO, FounderBlue Origin

20

Larry Page$23.039AmericanGoogle CEO, Co-founderGoogle Lunar X Prize, Planetary Resources
21Sergey Brin$22.839AmericanGoogle Co-founderGoogle Lunar X Prize
53Paul Allen$15.060AmericanMicrosoft Co-founderStratolaunch, SpaceShipOne
SETI array
138Eric Schmidt$8.257AmericanGoogle ChairmanGoogle Lunar X Prize, Planetary Resources
272Richard Branson$4.662BritishVirgin Group CEO, FounderVirgin Galactic
527Elon Musk$2.741AmericanPayPal, Tesla Motors, Solar CitySpaceX
831Guy Laliberte$1.853CanadianCirque du SoleilSpace tourist
1031H. Ross Perot, Jr.$1.454Americancomputer services, real estatePlanetary Resources

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Private Sector Seeks Profit, Adventure Beyond Earth Orbit

golden_spike_lander
Credit: Golden Spike Company

By Douglas Messier
Parabolic Arc Managing Editor

With human flights beyond Earth orbit not expected to occur for at least eight years, the private sector is increasingly eying deep space for a series of ambitious robotic and human missions for both adventure and profit.

Nine programs are currently underway that include robotic and human landings of the moon, human flybys of the moon and Mars, the mining of the moon and asteroids, and even a settlement on Mars. Backers of these initiatives include the X Prize Foundation, Google and its executives, and the world’s first space tourist, Dennis Tito.

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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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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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