Planetary Resources to Auction off Equipment

Well, this doesn’t sound good.

In a fresh sign of the financial straits facing Planetary Resources, the asteroid mining company will be auctioning off hundreds of items from its headquarters in Redmond, Wash., ranging from industrial-strength CNC machine tools and 3-D printers to laptops and folding chairs.

The online auction will be conducted by James G. Murphy & Co. from Aug. 21 to 28, with a preview scheduled on Aug. 27 at Planetary Resources’ machine shop, lab and offices at 6742 185th Ave. NE in Redmond.

“We are preparing to sell some equipment that we’ve identified as not currently needed and easily replaceable,” Chris Lewicki, Planetary Resources’ president, CEO and chief asteroid miner, told GeekWire in an email. “This is a result of reducing overhead as we go forward with our smaller team.”

Word is the company is down to a handful of employees. Asteroid mining is a long-term venture; Planetary Resources hasn’t found a revenue model that can get it from here to there.

Planetary Resources Declares Arkyd-6 a Success

Arkyd-6 spacecraft (Credit: Planetary Resources)

Mission Update from Planetary Resources

On January 12, 2018, we launched the Arkyd-6, a 6U CubeSat, a demonstration platform for technology intended to detect water resources in space. The launch on the Indian PSLV C40 was spectacular and within hours after our spacecraft reached its polar Earth orbit, the team began to regularly receive healthy telemetry from the spacecraft.

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Deep Space Industries Raises $3.5 Million

SAN JOSE, Calif. (DSI PR) — Deep Space Industries (DSI), a leading space technology company, announced today the closing of the first tranche of its Series A funding round. The company raised just over $3.5M from private investors. The funding will be used to develop MeteorTM, the company’s new launch-safe bipropellant rocket engine, and continue the ongoing development of the XplorerTM spacecraft, the company’s deep space exploration platform scheduled for launch in 2020.

“Deep Space Industries has rapidly developed a leadership position in the space technology market”, said Eric Uhrhane, one of several private investors in this round. “The propulsion and spacecraft technologies this team have developed over the last few years will dramatically lower the cost of access to deep space, and I’m excited to be a part of that.”

The company recently announced two significant contracts for its water-based Comet propulsion systems for small satellites, and plans to release Meteor, its second-generation propulsion system, later in 2018.

“With the growing interest in our green propulsion systems, this funding round ensures that we’ll be able to meet customer demand, while also moving forward with our more advanced systems and spacecraft,” said Bill Miller, chief executive of DSI. “Our continued investor support is appreciated as we work to lower the cost of high performance missions in Earth orbit, and beyond.”

Deep Space Industries plans to launch the first private deep space mission in 2020, using its Xplorer spacecraft. This funding round allows the company to accelerate the development of this compact, affordable, and versatile exploration spacecraft that can be used for a wide range of scientific and commercial missions in Earth orbit, and throughout the inner solar system.

About Deep Space Industries

Deep Space Industries (DSI) is a Silicon Valley-based space technology company dedicated to making space resources available to fuel humankind’s expansion into space. DSI is developing a suite of technologies intended to dramatically lower the cost of undertaking high-performance missions in both Earth orbit and deep space. Its first commercial offerings have been low-cost, launch-safe propulsion systems, which are a key missing piece for a wide range of low-cost missions. DSI is headquartered in San Jose, California, with offices in Florida and Luxembourg. For more information, visit: www.DeepSpaceIndustries.com

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.

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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.

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Luxembourg, China Sign Cooperative Space Agreement

Chinese Academy of Sciences to establish a Research Laboratory in Luxembourg

LUXEMBOURG, January 16, 2018 (Luxembourg Government PR) – The Ministry of the Economy and the China National Space Administration (CNSA) signed today a Memorandum of Understanding (MoU) that provides a framework for the development and implementation of scientific, technical, economic and political cooperation between Luxembourg and China in the exploration and use of outer space for peaceful purposes. The areas of potential cooperation include, but are not limited to economic, legal, regulatory and technological aspects of the utilization of space resources.

Furthermore, the Ministry of the Economy, represented by Deputy Prime Minister, Minister of the Economy, Étienne Schneider and the National Space Science Center (NSSC) of the Chinese Academy of Sciences (CAS) signed a cooperation agreement to establish a Research Laboratory of Deep Space Exploration in Luxembourg. The National Space Science Center is China’s gateway to space science. It is the key institute responsible for planning, developing, launching and operating China’s space science satellite missions.

The Research Laboratory of Deep Space Exploration will be established as an independent legal entity in Luxembourg where it will carry out scientific research and technology development and thus contribute to achieving the objectives set forth within the SpaceResources.lu initiative. Other main research fields of the Research Laboratory include universal interplanetary communications network related technology or advanced deep space communications technology. In a first stage, the Research Laboratory will employ at least 5 employees in Luxembourg.

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.

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Planetary Resources Guy Says: Space Resources Will Save Us All

Video Caption: You care about the future of our planet. You traded in your gas-guzzling SUV for a Prius and your Keurig for a Coffee Maker — and if enough of us do that, we’ll save the Earth, right? Well, we are dangerously close to collapsing our own ecosystem and we are running out of time.

In this persuasive talk, James Orsulak argues that the only way to really make a difference is to look up. James Orsulak serves as the Director of Business Development at Planetary Resources, an asteroid mining company that has embarked on the world’s first commercial deep space exploration. The company focuses on technologies such as rocket propellant, water for life support functions, and construction materials sourced from asteroids.

Previously, James spent a decade developing industrial-scale fueling stations on Earth. He is an avid gardener who lives in Denver with his amazing wife, 2-year-old twins and a rambunctious Goldendoodle named Waffles. This talk was given at a TEDx event using the TED conference format but independently organized by a local community.

Editor’s Note: Found out about this video from a Tweet by Peter Diamandis, who founded Planetary Resources. He praised the talk by one of his employees.

But, the whole thing is confusing. Peter’s been running around promoting his book Abundance, which posits that things are getting better all the time and that the exponential technologies that lie at the heart of the Singularity University he co-founded are making life better for all. His whole position is one of techno-optimism bordering on techno-euphoria.

Yet, this talk posits that Earth and humanity itself is doomed without asteroid mining. What if it doesn’t turn out to be the panacea that they claim it to be? What if it’s not profitable enough to ensure the investment required? Are we all still doomed?

 

Short List of Elements Space Miners Should Look for on Asteroids

In addition to searching for water for use in space, there are elements we’re running short on here on planet Earth.

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.