Saturday, April 21, 2012
SAN FRANCISCO (Reuters) – Google executive chairman Eric Schmidt and billionaire co-founder Larry Page have teamed up with “Avatar” director James Cameron and other investors to back an ambitious space exploration and natural resources venture, details of which will be unveiled next week.
The fledgling company, called Planetary Resources, will be unveiled at a Tuesday news conference at the Museum of Flight in Seattle, according to a press release issued this week.
Aside from naming some of the company’s high-profile backers, the press release disclosed tantalizingly few details, saying only that the company will combine the sectors of “space exploration and natural resources” in a venture that could add “trillions of dollars to the global GDP.” The Wall Street Journal reported Friday that Planetary Resources will explore the feasibility of mining natural resources from asteroids, a decades-old concept.
“This innovative start-up will create a new industry and a new definition of ‘natural resources,'” according to the press release.
This article was posted: Saturday, April 21, 2012 at 2:03 am