New Space Mining Company Unveils Plans to Bring Asteroids to Moon Orbit Today

Today, a group of billionaires and former NASA scientists will announce the first asteroid mining company in history. They claim they will "add trillions of dollars to the global GDP" and "help ensure humanity's prosperity" by mining asteroids for rare metals like gold and platinum.

This is a huge deal that may change space exploration forever. Our live coverage will start today at 1:30pm EDT/10:30am PDT.

The group of investors and scientists on board Planetary Resources Inc. is impressive:

...including Google's Larry Page & Eric Schmidt, Ph.D.; film maker & explorer James Cameron; Chairman of Intentional Software Corporation and Microsoft's former Chief Software Architect Charles Simonyi, Ph.D.; Founder of Sherpalo and Google Board of Directors founding member K. Ram Shriram; and Chairman of Hillwood and The Perot Group Ross Perot, Jr.

Harnessing the resources of asteroids is not a crazy proposition and the return of investment could be amazing. So much that they are convinced they can "add trillions of dollars to the global GDP." More importantly, this may solve many of our material needs as resources on Earth keep dwindling fast.

But is it doable? There are no details yet, but if they are going to invest millions of dollars on it, you can be sure it is doable and it will be profitable. They don't have to travel to the asteroid belt to grab them. There are many passing near Earth that may be accessible. In fact, there are already plenty of plans on scientists and engineers' drafting boards.

Needless to say, and despite the fact that it will probably take some years to achieve their goals, this is all extremely exciting. If they are successful, it will truly be a new dawn for humanity.

New Space Mining Company Unveils Plans to Bring Asteroids to Moon Orbit Today

Planetary Resource's concept for a spaceship to capture and mine small asteroids that contain billions in rare metals fundamental to Earth technological growth.

We will be covering the press conference live, which will feature Charles Simonyi, Planetary Resources, Investor; Eric Anderson, Co-Founder & Co-Chairman, Planetary Resources; Peter H. Diamandis, M.D., Co-Founder & Co-Chairman, Planetary Resources; Chris Lewicki, President & Chief Engineer, Planetary Resources; Tom Jones, Ph.D., Planetary Scientist, Veteran NASA Astronaut & Planetary Resources, Inc. Advisor.