Planetary Resources, Inc. has announced its plan to mine Near Earth Asteroids for their raw resources, ranging from water to precious metals like platinum. Using their Arkyd line of spacecraft, they will head to NEOs for exploration and extraction. One of the founders, Eric Anderson said they will launch their first spacecraft within 24 months, and eventually build ‘gas stations’ in space to enable deep space exploration.
The founders of this company say that resource extraction from asteroids will deliver multiple benefits to humanity and could be valued at 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,” they said.