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Top News

Space mining start up set for launch in US

Published Updated

SAN FRANCISCO: A startup evidently devoted to mining asteroids for metals is to make its public debut Tuesday in the US northwest city of Seattle, seeking to redefine the term "natural resources."

X Prize founder Peter Diamandis and a former NASA astronaut are slated to unveil Planetary Resources, which boasts an impressive list of backers including Google co-founder Larry Page and famed film maker James Cameron.

"The company will overlay two critical sectors space exploration and natural resources to add trillions of dollars to the global GDP," Planetary Resources said in a brief release announcing the Tuesday press event in the Pacific Northwest city.

"This innovative start-up will create a new industry and a new definition of 'natural resources.'"

Copyright AFP (Agence France-Presse), 2012

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