Planetary Resources Confirms Plan To Mine Asteroids

Matching widespread predictions, The Bad Astronomer writes with word that "The private company Planetary Resources has announced that it plans to mine asteroids for water, air, and even precious metals in the next few years. Your initial reaction may be to snicker a bit, but it's headed by Peter Diamandis — who established the X Prize — has several ex-NASA personnel running the engineering, and also has the backing of a half-dozen or so billionaires. So this is no joke — their plan looks solid, and may very well be the first step in establishing a permanent human presence in space."

Comments

Re:Best of Luck

[Anonymous Coward]

Actually, if we packaged up the money and shot it into space, it would help counteract the ongoing attempts by the US government to debase our currency with their inflationary tactics....