Planetary Resources Inc.

From Canonica AI

Overview

Planetary Resources Inc. is an American company that was founded in 2009 with the aim of developing new technologies for asteroid mining. The company's primary focus is on the exploration and utilization of asteroid resources, with the ultimate goal of expanding the resource base of the solar system.

Logo of Planetary Resources Inc.
Logo of Planetary Resources Inc.

History

Planetary Resources Inc. was founded by Peter H. Diamandis and Eric C. Anderson, both of whom have a long history in the field of space exploration. The company was officially announced to the public on April 24, 2012, with a mission to mine asteroids for precious metals and water.

Business Model

The business model of Planetary Resources Inc. revolves around the extraction of resources from asteroids. The company plans to use robotic spacecraft to mine asteroids for precious metals and water, which can be used for life support and rocket fuel. The company believes that asteroid mining could potentially revolutionize the space industry by providing a virtually unlimited supply of resources.

Technology

Planetary Resources Inc. is developing a series of technologies to enable asteroid mining. These include the Arkyd-100 series of spacecraft, which are designed to prospect for asteroids, and the Arkyd-200 series, which are designed to mine asteroids. The company is also developing the Arkyd-300 series, which are designed to process the resources extracted from asteroids.

Projects

Planetary Resources Inc. has several ongoing projects aimed at advancing the technology and knowledge necessary for asteroid mining. These include the Arkyd-6 mission, which is designed to test the company's technology in space, and the Arkyd-301 mission, which is designed to prospect for asteroids.

Future Plans

The future plans of Planetary Resources Inc. include the continued development of their asteroid mining technology, as well as the expansion of their operations to include the mining of other celestial bodies. The company also plans to continue their research and development efforts in order to further advance the field of asteroid mining.

See Also