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Asteroid mining: Is there money to be made in space?


James Cameron, Google’s top brass, and Ross Perot’s son are betting big that there’s platinum in the heavens. Are they delusional or brilliant?

An intriguing new company called Planetary Resources Inc. has some questions to answer at its public unveiling on Tuesday, not least of which is: What does the firm do, anyway? Given its somewhat cryptic pledge to “overlay two critical sectors — space exploration and natural resources,” most are assuming that the company hopes to pioneer the field of mining asteroids for metals and minerals. If that sounds like a ridiculous “page out of a sci-fi novel or a Hollywood movie scene,” Planetary Resources boasts enough space experts and deep-pocketed backers to be taken quite seriously. Are we really on the cusp of asteroid mining? Here’s what you should know:

Full story at The Week.

Photo: NASA/JPL-Caltech

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