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April 24th, 2012
09:38 AM ET

Mining asteroids for water and platinum? Planetary Resources co-founders Peter Diamandis and Eric Anderson say it can be a reality soon

Imagine a mission to dock with an asteroid to extract water and platinum. Might sound more like the 1998 blockbuster "Armageddon," but if one company has it's way it will be reality very soon.

Today, a new company called "Planetary Resources" is announcing it will do just that. The plan: To look for water and precious metals like platinum. They've already got big cash backing from the likes of Google and director James Cameron.

Planetary Resources co-founders Peter Diamandis and Eric Anderson explain to Soledad this morning on "Starting Point" that it's possible to do this in an inexpensive way.

"More than ever before, you can build very small, very capable, low-cost robotic spacecraft that can go out to near-Earth asteroids," Diamandis says. "Many of them have resources that are valuable both in space and down here on Earth."

Anderson says a lot of what can be mined will depend on what kind of asteroid it is, and depending on the mineral they want to extract they could use different methods.

They say they're starting with mining for water since they estimate a pound of water is worth $20-50,000 in deep space.

"Our company has the vision to begin to get access to those resources," Diamandis adds.

Filed under: Space • Viral
soundoff (2 Responses)
  1. Rozell

    I beyond believe in space mining they should of thought about this years ago. It makes perfect sense to do this as soon as possible. Why harm the earth when you can get what you want from with no damage to the earth we all live on. I am the first to sign up for this trillion dollar industry you would be a fool not to take a chance with this. See you at the bank in the space station........LOL

    April 26, 2012 at 2:56 pm | Report abuse | Reply

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