Tag: Planetary Resources

Planetary Resources Parties at Davos

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A confidential source in Davos reports that Planetary Resources threw one helluva party the other night during the World Economic Forum. The source says it was the same event that Business Insider reports ended early in the morning after the booze and the patience of a neighbor and Swiss police ran out. The website doesn’t identify the company, but my source says it was definitely the space miners from Seattle.

Held in a private apartment up in the mountains, overlooking the town of Davos in the valley below, it raged until two in the morning — and only shut down because a squad of Swiss police insisted.

To fuel the festivity — and one more, planned for tonight — the party-throwers company had flown in bartenders from England.

At around 1:30 a.m., a neighbor — who happened to be the CEO of multinational insurance company — complained to the party’s hosts.

This complaint was ignored.

But then, at 2:00 a.m., one of the bartenders approached the host and said: Not only have we run out of the liquor we planned to serve tonight, we’ve also run out of all the booze we had set aside for tomorrow.

Fortune also has an entertaining account of an encounter with Planetary Resources President Chris Lewicki, apparently at the same party. You’ll see the discussion at the bar went fine until the reporter started asking some probing questions.
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.
Yeah, you get a lot of that in NewSpace.

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.

Antares Rocket Explodes, Destroys Cygnus Freighter

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Orbital Sciences Corporation’s Antares rocket exploded shortly after liftoff from Wallops Island, Virginia. The explosion destroyed a Cygnus freighter carrying supplies and experiments to the International Space Station.

The explosion reportedly occurred about 6 seconds after launch. There was a massive explosion and then the vehicle fell back onto the launch pad. The Antares engines were throttled up to 108 percent when the explosion occurred.

The bottom of the Antares explodes right after liftoff.

The bottom of the Antares explodes right after liftoff.

Launch officials have confirmed there were no injuries in the explosion. All personnel are safe and accounted for at this time.

The cargo manifest includes 26 Planet Labs satellites that would be launched off the space station. Planetary Resources also had its first test satellite aboard Cygnus. Thee were also a number of student experiments on the ship. NASA has the full manifest.

A massive explosion occurred right after the Antares rocket hit the ground.

A massive fireball occurred right after the Antares rocket hit the ground.

This mission was Orbital Sciences’ third contracted Cygnus cargo delivery flight to the International Space Station under an 8-flight contract. Two previous contracted Cygnus missions and a demonstration flight had succeeded.

This was the fifth flight of the Antares rocket. Four previous flights had been success.

Antares uses Arojet-Rocketdyne AJ-26 engines on its first stage. These are refurbished NK-33 engines originally designed for the Soviet manned lunar program in the 1970’s. There have been problems with corrosion on the 40-year old engines; one engine exploded on its test stand in May.

The rocket’s first-stage structure is built in Ukraine. Antares second stage consists of a solid-fuel rocket supplied by ATK.

My deepest sympathies to the Orbital Sciences team and all those with payloads aboard the vehicle. It’s a bad day, but these things happen in this field. This is the nature of this business.

UPDATE: Orbital and NASA officials will have a press conference at 9 p.m. EDT (6 p.m. PDT).

Planetary Resources to Launch First Spacecraft on Monday

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Arkyd 100 spacecraft. (Credit: Planetary Resources)

Arkyd 100 spacecraft. (Credit: Planetary Resources)

Asteroid mining company Planetary Resources will launch its first satellite aboard the Cygnus spacecraft on Monday. Here is the company’s previous press release announcing the launch.

The A3 is the Arkyd 100’s technology demonstrator, and the mission will provide for early testing and serve to validate the spacecraft’s core technology and software in the development of the program.

Planetary Resources is under contract with NanoRacks, through its Space Act Agreement with NASA, to release the A3 from the International Space Station’s Kibo airlock.

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Meet the Money Behind Planetary Resources, Dauria Aerospace

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Business Insider
takes a look at Ilya Golubovich and Mike Lousteau of I2BF Global Ventures, a company that’s backing some big-name space start-ups:

Known as green tech investors, Golubovich, based in Moscow, and Lousteau, in New York, have fallen in love with the nascent space industry. They’ve backed three space companies so far: Dauria Aerospace, Planetary Resources and CloudEO, with more on the way, making them one of most active space tech investors on Earth….

“One of our first investments was Planetary Resources co-founded by Eric Anderson, Diamandis, two visionaries. With this type of innovation, their market can be in the trillions, mining precious metals on nearby asteroids,” says Golubovich. I2BF was the sole investor in the company’s $1.5 million seed round….

That’s how they founded Dauria Aerospace, which is building low-cost satellites, launching them into space and letting anyone write apps for them. I2BF has invested $20 million of the company’s total $30 raised….

CloudEO collects vast amounts of data from various satellites and lets anyone write geo-location apps with that. Those are apps that can track your location and use that to help the app, whether its finding a parking spot or documenting your photos.

Read the full story.

Planetary Resources Adds Dante Lauretta to Team

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REDMOND, Wash., September 9, 2014 (Planetary Resources PR) –
Planetary Resources, Inc., the asteroid mining company, announced today that Dante Lauretta, Ph.D., professor of Planetary Science at the University of Arizona and principal investigator of OSIRIS-REx – NASA’s first asteroid sample return mission – scheduled to launch in 2016 and rendezvous with asteroid Bennu, has joined the company as a science advisor.

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ASTEROIDS Act Would Establish Space Property Rights

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

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

Proving that there is some vision in Congress after all, U.S. Representatives Bill Posey (R-FL) and Derek Kilmer (D-WA) have introduced introduced the American Space Technology for Exploring Resource Opportunities in Deep Space (ASTEROIDS) Act of 2014, which “establishes and protects property rights for commercial space exploration and utilization of asteroid resources.”

Now, if they can only get a budget passed by the end of the fiscal year, Congress could demonstrate vision and basic competence at governance, something it hasn’t achieved in many years. (It’s looking like another continuing resolution for NASA.)

But, I digress.

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Planetary Resources Wants Public to Help Find Asteroids

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REDMOND, Washington,  June 24, 2014 (Planetary Resources PR –
Planetary Resources, the asteroid mining company, and Zooniverse today launched Asteroid Zoo (www.asteroidzoo.org), empowering students, citizen scientists and space enthusiasts to aid in the search for previously undiscovered asteroids. The program allows the public to join the search for Near Earth Asteroids (NEAs) of interest to scientists, NASA and asteroid miners, while helping to train computers to better find them in the future.

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NASA Selects 18 Proposals for Asteroid Redirect Mission Studies

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In this concept image, the robotic vehicle deploys an inflatable bag to envelop a free-flying small asteroid before redirecting it to a distant retrograde lunar orbit. (Credit: NASA)

In this concept image, the robotic vehicle deploys an inflatable bag to envelop a free-flying small asteroid before redirecting it to a distant retrograde lunar orbit. (Credit: NASA)

WASHINGTON (NASA PR) — NASA has selected 18 proposals for studies under the Asteroid Redirect Mission Broad Agency Announcement (BAA).  These six-month studies will mature system concepts and key technologies and assess the feasibility of potential commercial partnerships to support the agency’s Asteroid Redirect Mission, a key part of the agency’s stepping stone path to send humans to Mars.

The agency is working on two concepts for the mission. The first concept would fully capture a very small asteroid in free space and the other would retrieve a boulder off of a much larger asteroid. Both concepts would redirect an asteroid mass less than 10 meters in size to orbit the moon. Astronauts aboard the Orion spacecraft launched on the Space Launch System (SLS) would rendezvous with the captured asteroid mass in lunar orbit and collect samples for return to Earth.

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Planetary Resources Selected for SBIR Phase I Contracts

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Arkyd 100 spacecraft. (Credit: Planetary Resources)

Arkyd 100 spacecraft. (Credit: Planetary Resources)

NASA has selected asteroid mining company Planetary Resources for two Small Business Innovation Research (SBIR) awards for the development of a propulsion module and advanced imaging technology for CubeSats.

One project involves the production of a standard propulsion module that could be used for CubeSats ranging from 6 to 12 units.

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