Planetary Resources – Update

If you read my last post on Planetary Resources, you’ve probably already seen the news from their press conference on Tuesday. Planetary Resources announced their intention to mine near earth asteroids. Phase one will be identifying the best asteroids for mining, which will take a few years. I won’t go into it any further here. I can’t provide any information that isn’t all over the place. Here’s a quick video from Planetary Resources. I can’t wait to see what comes of this.


Planetary Resources

I’m a big fan of space. In the last few years, space exploration has been changing drastically from a purely governmental enterprise into a commercial enterprise. Peter Diamandis was a big part of this. You haven’t heard of him? A graduate of MIT, he has been involved in space related activities all of his life. Most notably, he is the founder and chairman of the X Prize Foundation, which awarded a $10 million prize to the first private sector manned spaceflight in 2004.

Mr. Diamandis has co-founded a new organization, Planetary Resources, with Eric Anderson whom he also works with at the X Prize Foundation and Space Adventures. Just what does this company intend to do? We don’t know yet. They’re saving this for an unveiling next week. On April 18th, they published the following press release:

Join visionary Peter H. Diamandis, M.D.; leading commercial space entrepreneur Eric Anderson; former NASA Mars mission manager Chris Lewicki; and planetary scientist & veteran NASA astronaut Tom Jones, Ph.D. on Tuesday, April 24 at 10:30 a.m. PDT in Seattle, or via webcast, as they unveil a new space venture with a mission to help ensure humanity’s prosperity.

Supported by an impressive investor and advisor group, 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., the company will overlay two critical sectors – space exploration and natural resources – to add trillions of dollars to the global GDP. This innovative start-up will create a new industry and a new definition of ‘natural resources’.

The news conference will be held at the Museum of Flight in Seattle on Tuesday, April 24 at 10:30 a.m. PDT and available online via webcast.

I don’t know about you, but it sounds like asteroid mining to me. Not convinced? Check out this TED talk by Peter Diamandis. With an impressive group of investors, I expect amazing things from this venture. Either way, look for more information next week.


The Google Lunar X Prize

I generally keep up pretty well on the news, and this week the X Prize Foundation announced the winners of the Progressive Automotive X Prize. As you might guess from the title of this post, I wasn’t really impressed. Sure, some companies were able to make some cars that got better than 100 miles per gallon, driving at speeds between 45 and 70 mph. I suppose that could technically make them vehicles that might actually be capable of commercial use. But looking closer, it doesn’t seem likely. Three vehicles reached the mark. One was a really lightweight vehicle that combined high percentage ethanol fuel with some batteries. The others were basically electric motorcycles. None of these vehicles would realistically be looked at by any consumers.

But I was really excited by the Ansari X Prize a few years back, and I’m also super excited about a new one which is just getting started called the Google Lunar X Prize. Let’s begin my explanation of this competition by simply pasting in the description of it on the official website:

The Google Lunar X PRIZE is a $30 million international competition to safely land a robot on the surface of the Moon, travel 500 meters over the lunar surface, and send images and data back to the Earth. Teams must be at least 90% privately funded and must be registered to compete by December 31, 2010. The first team to land on the Moon and complete the mission objectives will be awarded $20 million; the full first prize is available until December 31, 2012. After that date, the first prize will drop to $15 million. The second team to do so will be awarded $5 million. Another $5 million will awarded in bonus prizes. The final deadline for winning the prize is December 31, 2014.

Google Lunar X Prize

Simply reading that makes it look like the X Prize foundation has gone nuts. A few years ago, they were holding a competition just to get into space, and now they’re trying to get to the moon?!? But wait! This competition isn’t so much about getting there. The Ansari X Prize has already accomplished that feat for them. SpaceX, founded by Paypal millionaire Elon Musk, grew from the Ansari X Prize competition, and has a rocket capable of getting payloads to a lunar orbit, the Falcon 9. The Google Lunar X Prize actually recommends use of SpaceX launch capabilities for the competition, although competitors could choose to go a different route (NASA, Arianespace, among others) if they chose to do so.

This competition is about creating a privately funded lunar lander, as well as a rover of some sort. The competition also requires that the lander send over one gigabyte of data from the surface of the moon to the earth in the form of a “mooncast”. The mooncast includes high resolution 360º panoramic photographs taken on the surface of the moon, self portraits of the rover taken on the surface of the Moon, near-real time videos showing the craft’s journey along the lunar surface, and High Definition (HD) video. “Teams will be required to send a Mooncast detailing their arrival on the lunar surface, and a second Mooncast that provides imagery and video of their journey roaming the lunar surface.”

The Google Lunar X Prize excites me because of it’s ability to excite the public about space again. With Congressional infighting about NASA’s future budget, we can no longer look to the government for space exploration. The X Prize Foundation has managed to create a true privately owned space industry, and the Google Lunar X Prize aims to take it beyond low earth orbit. Success here could lead to great advancements in space, and I find that truly exciting.