James Cameron & Google’s Eric Schmidt Plan To Mine Space

RCW 86Space: The final frontier. Hollywood and Silicon Valley superheroes Cameron and Schmidt plan to explore strange new worlds, to seek out new life and new civilizations, to boldly go where no man has gone before… Emma Rowley reports for the Telegraph:

Power players including Eric Schmidt, the Google chairman, and James Cameron, the film director, are planning to mine the final frontier: space.

They are among the backers of a new venture that will reach for the riches lying elsewhere in the solar system. Planetary Resources will be a “space exploration company to expand Earth’s resource base” according to scant information released ahead of the start-up’s launch in Seattle on Tuesday.

“The company will overlay two critical sectors – space exploration and natural resources – to add trillions of dollars to the global GDP,” was the bold claim. “This innovative start-up will create a new industry and a new definition of ‘natural resources’.”

Mr Schmidt and the internet giant’s co-founder Larry Page are listed alongside Mr Cameron, the director of Titanic and Avatar, among the venture’s investors and advisers.

The company was founded by Eric Anderson and Peter Diamandis. “Since my childhood I’ve wanted to do one thing, be an asteroid miner,” Mr Diamandis told Forbes earlier this year. “So stay tuned on that one.”…

[continues in the Telegraph]


Majestic is gadfly emeritus.

Latest posts by majestic (see all)

  • Raz

    Intergalactic douche bags.

    • Lobotwasgreedosdad

      Is that what you suggest they paint on the sides of their rockets?

      • Raz

         More like in their shirts. Including that ‘Virgin” guy that wants to make space tourism only for rich people. What a douche!

  • http://buzzcoastin.posterous.com BuzzCoastin

    proof that only troglodytes become billionaires 
    the last 500 years of unrelenting mineral extraction 
    has been leading the human race towards extinction
    or at least massive die-offs
    maybe they could invest in a way to harness that inexhaustible supply of energy
    that is in the flux of energy surrounding us, more abundant than air
    nah, that wouldn’t be as splashy a headline

    • The only thing to get is money

      You guys especially BuzzCoastin better stop talking bullshit about ‘energy flux fields surrounding us” and human greed blah blah blah and start saving money to invest off world and also in the little explored oceans

      “The first trillionaires will be in outerspace”- Peter Diamandis

      • http://buzzcoastin.posterous.com BuzzCoastin

        “The first trillionaires will be troglodyte space cadet banksters”- Jacques Mehoff

        • The only thing to get is money

          Well it’s time to become one of them instead of a poor sap like yourself. Also there is no such thing as “free energy” that’s like the biggest fraud.

          • http://buzzcoastin.posterous.com BuzzCoastin

            > “free energy” that’s like the biggest fraud

            Considering that what you call your body is nothing but energy
            I agree with you completely.

            Just how you getting past Mars without “free energy?”
            Just how are you going to reach speed of light without some type of
            (fill in your blank numbskull)

          • The only thing to get is money

            Stupid idiot!  All energy operates in a closed loop. Therefore, the capacity for any material to harness energy is inherently limited. Even light is limited. But since you follow pseudo-scientists and watch shit on the net you fall for all types of stupidity. Go pick up a physics textbook you’ll learn something. Better yet look up physics on Wikipedia. Better yet there are countless sites that debunk “free energy”, the very term provokes laughter among real scientists.

          • http://buzzcoastin.posterous.com BuzzCoastin

            I’ve a PhD in physics.

          • Jin The Ninja

            seriously? very cool.

          • http://buzzcoastin.posterous.com BuzzCoastin

             Δx Δp ≈ h

          • Calypso_1


          • http://buzzcoastin.posterous.com BuzzCoastin

            ʂɽɤɩʔ weeee.
            ʂɽɤɩʔ heheh.
            ʂɽɤɩʔʕʄ϶ІЃ lol

          • Calypso_1

            …I’ll need a translation

          • http://buzzcoastin.posterous.com BuzzCoastin

            Oh and another thingy,
            limited energy means a limited universe;
            you know
            a universe that doesn’t accelerate while expanding
            because of a limited energy supply.

          • The only thing to get is money

            If you knew anything about physics you would know that the universe is limited. About 13 billion years is as far as we can look back and light travels. Also you kick yourself in the ass with expanding universe bit because simple physics tell you again that everything is limited in duration and energy itself will be torn to shreds in the eventual entropy of the big rip/freeze of the universe where nothing will exist not even a photon.

          • http://buzzcoastin.posterous.com BuzzCoastin
          • Jin The Ninja

            no, the biggest fraud is pretending science is objective in a capitalist world, still reliant on the same eurocentric paradigms of knowledge as 300 years ago. free energy may be a myth, but it may prove to be as of yet fertile ground. who are you to discount the POSSIBILITY? ad hominem is not clever fyi. and the body IS energy, composed of fields of energy. it’s not even a radical position to take.

          • The only thing to get is money

            The fact is energy is not free, it has to be tapped. Anything that has to be tapped even if in infinite quantities can only be USED for a finite duration. That is why it is not true to say that the body is energy because the body has to use energy extracted through the process of atp. Even in the process of getting that energy, energy is expended outright! When a lion hunts whether it is successful or not energy has been spent. So how are you going to get free energy, when you have to use energy to get energy? It is simply and very obviously not possible. Now time to get rich off space mining and also ocean mining.

  • Jin The Ninja

    this is a joke right? right? avatar? environmental destruction? right?

    • Monkey See Monkey Do

      I think he’s after that precious mineral called unobtanium.

      • Mrtchops

         is unobtainium difficult to obtain?

        • Joshahenson

          yes… you might even say that its… unobtainable

  • forked_tongue

    Can you say gold @ $5billion per ounce?

  • Jesus Borg

    i always wondered if making the earth bigger by importing lots of heavy shit onto it might be a dumb idea long term. Then I was thinking We’ll probably end up exporting garbage. Makes me feel ashamed to be a human being.

  • http://www.facebook.com/people/Jai-Ankers/100000395755973 Jai Ankers

    Any exploration of space is a good thing for our species, another step towards our species getting off this rock and by doing so becoming one step closer towards immorality. 

    • Monkey See Monkey Do

      It’s interesting how that word sounds the same as immortality….

  • The only thing to get is money

    You guys especially BuzzCoastin better stop talking bullshit about ‘energy flux fields surrounding us” and human greed blah blah blah and start saving money to invest off world and also in the little explored oceans
    “The first trillionaires will be in outerspace”- Peter Diamandis

    • JaceD

      Saving money to “invest off world”? Really? I think people are more concerned with keeping up on their bills and taking care of their own before thinking about boarding a non existant space ship to join the Mars Mining Corporation.

      As for “You guys especially BuzzCoastin better stop talking bullshit….” What are you going to do about?

      • The only thing to get is money

        Everything new faces ridicule. Oil faced it western territories face it, people said, oh that land was worthless desolate. Yet those who invested  and took that risk are now the the super wealthy and rich. In fact when their fathers invested they became rich in their lifetime. So the idea is far fetched, yes they are those struggling daily, I am not one of them, I am not rich but I also am not poor. I aspire to be rich and this interesting venture may be promising. BTW meteor mining will be more elegant than going there yourself.

        • JaceD

          Planning on living for 200 years? NASA has just been forced to make more budget cuts to their “mission to Mars” quest, so unless you’re 12 years old you’re wasting your time. We’re no where near at the level with which we can do this, no ones really going to invest in this because mining meteors is going to cost alot more, and take a hell of a lot more effort than digging an oil well sir. I would suggest you start investing in meteor mining when you’re born 50 years from now.

  • Lobotwasgreedosdad

    I couldn’t even finish this article. And not because of the eyelash under my eyelid. Will this madness ever stop? One million years from now, an alien spacecraft will land on an extremely smooth Dyson Sphere made from gold. A sad ball extinguishing the light of Sol, upon it dutifully etched, an atomic mural, telling the folly of humanity, programmed into it by those who worship it, who are long extinct.

    Some thoughts:

    What are they going to do with the space gas? Burn it up on Earth to fuel the engines that house binary-code to tabulate wealth? If we’re going into space to live on other planets, that’s worthy. To weight down the Earth with detritus to worship is… Unextraordinary.

    The triumph of humanity will be its cooperative spread through the spiral arm. When will the thing-engine cease its revolutions? When will humanity control its history?

    It’s such a shame that someone said to himself, “I made some mad money and I love exploring, so now I’m going to plan a project whose effects will cause people to die in inevitable and horrific space accidents so I can make more money.”

    Oh wait, maybe they’ll do this robotically. They’ll just publish environmental impact statements to explain how ecosystems will be able to absorb the hundreds of spacebarges crashing to Earth over the millennia, laden with compressed toxic whatever. How many true visionaries are rolling in their graves?

  • DeepCough

    Well, Cameron, Schmidt, you have fun out in space. Try not to run into any Xenomorphs, mm’kay?

  • Dean Osborne

    You know what would be funny as hell? What if there is not anything worth mining for?

  • Redacted

    There is no possible way that this will end in utter failure.

  • Okarin

    they hope their is ufos cause there isn’t enough privacy to mine here to sustain their growth

  • Dietrich Von Bacon

    If the moon was made of gold they would go bankrupt trying to mine it.

  • rtb61

    To correct the heading and snap it back into reality.
    James Cameron & Google’s Eric Schmidt Plan To ‘conduct the research so as to be able to one day’ Mine Space.
    There is a huge amount of research to be done here. Getting into space cheaply, staying in space cheaply, moving about in space cheaply, getting back down again cheaply and of course tracking and analysing asteroids cheaply.
    Note cheaply is a big focus, being able to mine space ensure one side of the problem cost, needs to be managed and reduced in order to achieve it.
    So millionaires and billionaires spending their money on creating a future for humanity rather than on feeding their own ego wastefully on super cars, mega yachts and mansions.
    So I think a bit of jealously, in fact a whole lot of it, is creeping into humanities whole expansion into space. Perhaps the government and even private industry should consider some space lotteries to spread out the chances. Buy tickets or do voluntary work for tickets whether it be promotion, ideas or direct labour, for your chance to get to orbit. It’s all largely automated so, win, pay for the training at a discount and away they go.