Planetary Resources announcement underway.
Planetary Resources have unveiled their intentions to mine asteroids for minerals. The first phase of their plan involves sending telescopes into space in the next 18-24 months, which will look out for resource rich minerals.
Within five years the company says it could launch its first robotic mission to a near Earth asteroid.
The company hopes to mine precious metals like Platinum to bring back to Earth. It will also look for asteroids rich in water, which currently costs up to US$20,000 per kilogram to send to space. That could help future manned space missions not only as a source of drinking water, but it could be split into hydrogen for fuel and oxygen for astronauts as well.
If you’re quick you can still check out the live feed here. Check out the earlier story on the company here.
Update: The company is shady on exactly when asteroid mining would actually begin, saying now that they ‘hope to have identified the asteroids of interest within the next decade’.