Planetary Resources, Inc. is not your average startup: its mission is to investigate and eventually mine asteroids in space!
Last week, the company issued a somewhat cryptic announcement saying they “will overlay two critical sectors – space exploration and natural resources – to add trillions of dollars to the global GDP”. I predicted this meant they wanted to mine asteroids, and yes, I will toot my own horn: I was right. They’re holding a press conference Tuesday morning to officially announce they’re going asteroid hunting.
The company had a pretty fierce amount of credibility right off the bat, with several ex-NASA engineers, an astronaut, and planetary scientists involved, as well as the backing of not one but several billionaires, including a few from Google… not to mention James Cameron. The co-founders of Planetary Resources are Peter Diamandis — he created the highly-successful X-Prize Foundation, to give cash awards to incremental accomplishments that will help achieve technological breakthroughs, including those for space travel — and Eric Anderson, X-Prize board member and Chairman of the Board of the Space Spaceflight Federation.
These are very, very heavy hitters. Clearly, they’re not screwing around.
So what’s the deal?

Step 1
I spoke with Planetary Resources President and Chief Engineer Chris Lewicki on the phone Monday. He has an excellent pedigree: Lewicki was Flight Director for the NASA’s Spirit and Opportunity Mars rover missions, and also Mission Manager for the Mars Phoenix lander surface operations. So when he says he’s confident the company can and will succeed, I’m willing to listen.
“This is an attempt to make a permanent foothold in space,” he said. “We’re going to enable this piece of human exploration and the settlement of space, and develop the resources that are out there.”
The plan structure is reminiscent of that of Apollo: have a big goal in mind, but make sure the steps along the way are practical.
The key point is that their plan is not to simply mine precious metals and make millions or billions of dollars– though that’s a long-range goal. If that were the only goal, it would cost too much, be too difficult, and probably not be attainable.
Instead, they’ll make a series of calculated smaller missions that will grow in size and scope. The first is to make a series of small space telescopes to observe and characterize asteroids. Lewicki said the first of these is the Arkyd 101, a 22 cm (9″) telescope in low-Earth orbit that will be aboard a tiny spacecraft just 40 x 40 cm (16″) in size. It can hitch a ride with other satellites being placed in orbit, sharing launch costs and saving money (an idea that will come up again and again in their plans). This telescope will be used both to look for and observe known Near-Earth asteroids, and can also be pointed down to Earth for remote sensing operations.
I’ll note Lewicki said they expect to launch the first of these telescopes by the end of next year, 2013. They’re already building them (what’s referred to as “cutting metal”). They could launch on already-existing rockets — an Atlas or Delta, for example, Europe’s Ariane, India’s GSLV, or Space X’s Falcon 9.
After that, once they’re flight-tested, more of these small spacecraft can be launched equipped with rocket motors. If they hitch a ride with a satellite destined for a 40,000 km (24,000 mile) geosynchronous orbit, the motor can be used to take the telescope — now a space probe — out of Earth orbit and set on course for a pre-determined asteroid destination. Technical bit: orbital velocity at geosync is about 3 km/sec, so only about an additional 1 km/sec is needed to send a probe away from Earth, easily within the capability of a small motor attached to a light-weight probe.
Many asteroids pass close to the Earth with a low enough velocity that one of these probes could reach them. Heck, some are easier to reach in that sense than the Moon! Any asteroid-directed probe can be equipped with sensors to make detailed observations, including composition. It could even be designed to land on the asteroid and return samples back to Earth, or leave when the observations are complete and head off to observe more asteroids up close and personal.
Step 2
Once a suitable asteroid is found, the idea is not to mine it right away for precious metals to return to Earth, Lewicki told me, but instead to tap it for volatiles — materials with low boiling points such as water, oxygen, nitrogen, and so on, which also happen to be critical supplies for use in space.
The idea behind this is to gather these materials up and create in situ space supply depots. Water is very heavy and incompressible, so it’s very difficult to launch from Earth into space (Lewicki quoted a current price of roughly $20,000 per liter to get water into space). But water should be abundant on some asteroids, locked up in minerals or even as ice, and in theory it shouldn’t be difficult to collect it and create a depot. Future astronauts can then use these supplies to enable longer stays in space — the depots could be put in Earthbound trajectories for astronauts, or could be placed in strategic orbits for future crewed missions to asteroids. Lewicki didn’t say specifically, but these supplies could be sold to NASA — Planetary Resources would make quite a bit money while saving NASA quite a bit. Win-win.
The details of exactly how they’ll collect these resources and store them may be revealed in the press conference Tuesday. If I can, I’ll ask.
Step 3
Read the rest of this entry »