Sunday, January 27, 2013

Evolution



Now, of course, they have evolved to the point of telling mammals it's their own fault and all the asteroids belong to the dinosaurs.


IT ISN'T a gold rush quite yet. But the launch of a second asteroid-mining venture in a year suggests that the allure of extra-terrestrial prospecting may be as hard to resist for some as the Klondike was. On January 22nd a Californian start-up called Deep Space Industries entered the fray. It joins Planetary Resources, a firm backed by Google executives Larry Page and Eric Schmidt, which promised to have its first asteroid-hunting spacecraft in orbit by the end of 2014. The potential bonanza is, well, astronomical. A single 500-metre metal-rich asteroid might contain the equivalent of all the platinum-group metals mined to date. Even humble ice could sustain astronauts or be processed into rocket fuel for future missions to Mars.
Deep Space Industries might be dreaming big but it is starting small. Smaller still, in fact, than the relatively puny Planetary Resources. The company is aiming to raise a mere $3m this year from venture capitalists, angels and private-equity funds, and another $10m next year. It will spend the money designing, building and launching a fleet of three single-use spacecraft, dubbed Firefly, to conduct fly-bys of small asteroids. Planetary Resources, by comparison, intends to launch several constellations of tiny spacecraft into Earth orbit, where they will spend years observing and cataloguing nearby rocks.


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