Planetary Resources Hits Bump in the Road

Arkyd-6 spacecraft (Credit: Planetary Resources)

Alan Boyle at GeekWire reports that asteroid mining company Planetary Resources has been forced to make some cutbacks.

A spokeswoman for Planetary Resources, Stacey Tearne, told GeekWire that financial challenges have forced the company to focus on leveraging the Arkyd-6 mission for near-term revenue — apparently by selling imagery and data.

“Planetary Resources missed a fundraising milestone,” Tearne explained in an email. “The company remains committed to utilizing the resources from space to further explore space, but is focusing on near-term revenue streams by maximizing the opportunity of having a spacecraft in orbit.”

Tearne said no further information was available, and did not address questions about employment cutbacks. However, reports from other sources in the space community suggest there have been notable job reductions. For what it’s worth, Planetary Resources had more than 70 employees at last report.


Secondary Payloads Increasingly Take Center Stage

CubeSats (Credit: ESA/Medialab)

by Douglas Messier
Managing Editor

On most launches, the small secondary satellites that ride along with the primary payloads garner little attention.

That has begun to change in recent years as CubeSats have become increasingly capable. The importance of these small satellites could be seen in the recent launch of an Indian PSLV rocket, which carried a CartoSat Earth observation satellite and 30 secondary spacecraft from India, Canada, Finland, France, Republic of Korea, UK and the United States.


Planetary Resources Launches Arkyd-6 CubeSat

Arkyd-6 spacecraft (Credit: Planetary Resources)

REDMOND, Wash., January 12, 2018 (Planetary Resources)Planetary Resources today announced the successful launch of the Arkyd-6, a 6U CubeSat, containing a demonstration of technology designed to detect water resources in space. The team has already begun to receive telemetry from the spacecraft. The data obtained from the Arkyd-6 will be valuable in the development of the Arkyd-301, Planetary Resources’ next spacecraft platform and the beginning of the company’s space resource exploration program.


Missions to Moon, Mars, Mercury & More Set for 2018

This artist’s concept shows the OSIRIS-REx spacecraft passing by Earth. (Credits: NASA’s Goddard Space Flight Center/University of Arizona)

Updated with SpaceX’s Red Tesla launch.

An international fleet of spacecraft will be launched in 2018 to explore the Moon, Mars, Mercury and the Sun. Two sample-return spacecraft will enter orbit around asteroids while a third spacecraft will be launched to search for asteroids that contain water that can be mined.

NASA will also launch its next exoplanet hunting spacecraft in March. And the space agency will ring in 2019 with the first ever flyby of a Kuiper Belt object.

And, oh yes, Elon Musk is launching his car in the direction of Mars.

Learn About Planetary Resources’ Arkyd-6 CubeSat

Video Caption: We’d like to introduce the Arkyd-6 spacecraft! This 6U cubesat is packed with power including 17 computing elements. The Arkyd-6 is part of our R&D program assisting us in the design of the Arkyd-301 spacecraft that will detect water on near-Earth asteroids.