Tue, Apr 24, 2012
New Company To Be Rolled Out Tuesday
Some big money investors are reportedly behind a new venture that will be unveiled Tuesday in Seattle to mine asteroids. The company, called Planetary Resource, has as its business model extracting minerals and other resources from asteroids, which the company's founders say could add "trillions" to the global GDP.
If nothing else, the start-up venture has some big capital behind it. The founders of the company include Avatar director James Cameron, as well as several executives from Google, including its executive chairman Eric Scmidt and co-founder Larry page. Other investors include Peter Diamandis, who is the entrepreneur behind the X-Prize. Other Google and Microsoft heavyweights are reported to be in on the deal.
Reuters reports that the investment group plans to unveil the company on Tuesday at the Museum of Flight in Seattle. According to a news release announcing the roll-out, "This innovative start-up will create a new industry and a new definition of 'natural resources.'" (NASA Image)
Also: A-10 Survives, The Essential Aero-Community, Miami Seaplanes, ERAU WACO, Jeppesen Leadership, ADS-B Kickstarter, Guilty Non-Pilot The National Aeronautic Association announce>[...]
“Rig’N Fly procedures are of the utmost importance to ensure reliable operations and the safest flight conditions possible, and this is an area where Airbus Helicopters>[...]
What's Holding YOU Back From Your Dream Of Flight? While at the U.S. Sport Aviation Expo 2016, ANN CEO and Editor-In-Chief, Jim Campbell, shares a conversation with us that he had >[...]
Klyde's Got The Super Bowl Blues... FMI: www.klydemorris.com>[...]
Carrier-Based Unmanned Gas Station Might Be Result Of X-47B Program While there was much speculation about the ultimate role for the Navy's unmanned X-47B aircraft that demonstrate>[...]