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Planetary Resources Unveils Asteroid Mining Plan

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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

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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

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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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Latest X Prize: Invent a Tricorder, Win $10 Million

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A 23rd century Star Fleet tricorder. (Credit: Paramount Pictures)

X PRIZE PR — Las Vegas, NV — The X PRIZE Foundation and Qualcomm Foundation today announced the launch of the $10 million Qualcomm Tricorder X PRIZE, a global competition to revolutionize healthcare. In this competition, teams will leverage technology innovation in areas such as artificial intelligence and wireless sensing – much like the medical Tricorder of Star Trek® fame – to make medical diagnoses independent of a physician or healthcare provider. The goal of the competition is to drive development of devices that will give consumers access to their state of health in the palm of their hand.

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Big Prize Teams with Big Oil: X Prize Snags $9 Million Shell Sponsorship Deal

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PLAYA VISTA, CA / NEW YORK CITY (October 06, 2011) — The X PRIZE Foundation, the leading nonprofit organization solving the world’s Grand Challenges by creating and managing large-scale, global incentivized competitions, today announced Shell as the exclusive presenting sponsor of the X PRIZE Exploration Prize Group, which aims to foster innovation through exploration to improve life on Earth. During the three-year, nine million dollar sponsorship, the X PRIZE Foundation will address these objectives through its incentive prize model to stimulate innovation, competition and collaboration at the frontiers of space, our earth and its oceans.

“Shell has long been on the cutting edge of innovation, and we are proud to bring them into the X PRIZE family, supporting a prize group that advances innovation, exploration and tomorrow’s discoveries,” said Peter Diamandis, Chairman and CEO of the X PRIZE Foundation. “We are closely aligned in our goals to motivate and inspire brilliant innovators from all disciplines to leverage their intellectual capital to explore new frontiers that could result in significant global achievements.”

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Peter Diamandis Nominated for “Greatest Innovator” Award

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A note from Rob Nail over at the Singularity University:

I am excited to announce that Singularity University founders Peter Diamandis and Ray Kurzweil have BOTH been nominated for The Economist’s “Greatest Innovator of the Past Decade” distinction (in different categories).  As part of the theme “A Decade of Celebrating World-Changing Innovation,” The Economist is showcasing notable individuals within the seven categories and asking people to vote for their favorites.

Recipients of this honor include Bill and Melinda Gates, Steve Jobs, Mark Zuckerberg, Peter Thiel, J. Craig Venter, Ratan Tata, Sergey Brin, and Larry Page.

To vote for Ray and Peter, click on the following link:

http://www.economistconferences.co.uk/anniversaryaward/castyourvote

Vote now and tell your friends!

Avatar Director James Cameron Joins X PRIZE Foundation Board

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James Cameron. Credit: Richard Burdett

XPF PR — The X PRIZE Foundation today announced the appointment of James Cameron to its Board of Trustees.

Cameron joins a world-class Board of Trustees that includes a growing list of entrepreneurs, scientists and engineers such as Dean Kamen, inventor, CEO, DEKA; Dr. J. Craig Venter, CEO, Synthetic Genomics; Elon Musk, CEO, Tesla and CEO, SpaceX; Ray Kurzweil, futurist and author; Anousheh Ansari, first female private space explorer; Larry Page, CEO & co-founder, Google; and Arianna Huffington, President and Editor in Chief, Huffington Post Media Group. The Board actively participates by advising on where large incentive competitions (X PRIZEs and X CHALLENGEs) can drive radical breakthroughs to help address humanity’s grand challenges.

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Seven New Teams Join Google Lunar X Prize

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X PRIZE UPDATE

Today, the X PRIZE Foundation announced the official roster of 29 registered teams competing for the $30 million Google Lunar X PRIZE, an unprecedented competition to send a robot to the Moon that travels at least 500 meters and transmits video, images, and data back to the Earth.

This group of teams signifies this new era of exploration’s diverse and participatory nature as it includes a huge variety of groups ranging from non-profits to university consortia to billion dollar businesses representing 17 nations on four continents. The global competition, the largest in history, was announced in September 2007, with a winner projected by 2015.

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Diamandis Wins No Boundaries Award from The Economist

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Congratulations to X PRIZE Founder Peter Diamandis, who has been awarded The Economist’s No Boundaries award as part of the weekly magazine’s 2010 Innovation Awards. Recipients were honored last week in London.

THE ECONOMIST PRESS RELEASE

Peter H. Diamandis, a Los Angeles-based entrepreneur and aerospace expert who is founder and chief executive of the X Prize Foundation, is awarded the ‘No Boundaries’ Economist Innovation Award today. Mr Diamandis has spurred innovation by offering prizes to encourage and inspire achievement by innovators in the aerospace, genomics and automotive industries since 2004.

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X PRIZE Raises $210,000 as James Cameron and Fellow Millionaires Go ZERO-G

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Avatar Director/Producer James Cameron floats weightless in Zero G along with X PRIZE Trustees in a flight to raise funds for the X PRIZE Foundation. Left to right: Rob McEwen (Chairman, US Gold), James Cameron, Peter H. Diamandis (Chairman/CEO, X PRIZE), Elon Musk (Chairman/CEO, SpaceX), Jim Gianopulos (Chairman/CEO, Fox Filmed Entertainment). Photo credit: Steve Boxall

James Cameron and Friends Soar Weightless in the Avatar Zero-G Experience to Support The X PRIZE Foundation
X PRIZE Foundation Press Release

This special flight assembled a group of 30 individuals who are passionate about the science and technology represented in AVATAR and mission and innovation of the X PRIZE Foundation. Three spots were reserved for the winners of an eBay auction, in which the general public went head-to-head in a bidding war to snag a coveted seat aboard the once-in-a-lifetime opportunity. An additional 20 seats were sold for $15,000 each. The weightless experience took place aboard G-FORCE ONE, a specially modified, FAA-approved, Boeing 727-200 aircraft which departed from Van Nuys Airport. The flight, identical to those used by NASA to train its astronauts, provided guests the chance to fly like Superman and flip like an Olympic gymnast, as ZERO-G creates Martian (1/3-gravity), Lunar (1/6-gravity) and zero gravity conditions over the course of 15 parabolic arcs.

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