The company Planetary Resources announced it is going to mine asteroids for their resources. The endeavor could yield stellar profits but the true goal is to open up the space frontier.


After a cryptic press release last week about a company operating in two critical sectors -space exploration and natural resources- the press and the web have been buzzing with speculation. The impressive list of investors and advisors including Google executives Larry Page and Eric Smidt and space mining prophet John S. Lewis gave it enough credibility for space fans to seriously get their hopes up.


Today, co-founders Eric Anderson and Peter H. Diamandis unveiled their plans at a press conference at The Museum of Flight in Seattle. And they did not disappoint.


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