Google Billionaires Eric Schmidt and Larry Page Have Teamed Up with James Cameron for Space Mining Venture

Google Billionaires Eric Schmidt and Larry Page Have Teamed Up with James Cameron for Space Mining Venture

April 21st, 2012

Resources Development Administration

Resources Development Administration

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Weyland-Yutani Corp.

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Combine Honnete Ober Advancer Mercantiles

Federal Colonies

Via: 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.

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