Formed in 2010 to mine asteroids so its founders could become the world’s first trillionaires, Planetary Resources has now pivoted to developing “TruSat, an open source, open-sensor system for creating a globally-accessible, independent record of satellite orbital positions.”
The company, now known as ConsenSys Space after it was acquired last year by a blockchain software technology startup, made the announcement on Tuesday at the International Astronautical Congress in Washington, DC.
A message from ConsenSys Space’s Chris Lewicki follows.
NEW YORK (ConsenSys PR) — Blockchain venture production studio ConsenSys, Inc. has acquired the pioneering space company Planetary Resources, Inc. through an asset-purchase transaction. Planetary Resources’ President & CEO Chris Lewicki and General Counsel Brian Israel have joined ConsenSys in connection with the acquisition. (more…)
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.
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.
Video Caption: Asteroid mining is the key to our future expansion into space. See the vision of Planetary Resources in our latest video short featuring Dante Lauretta, Ph.D. and also Tory Bruno of United Launch Alliance.
You might recall that last June the company announced it had raised a Series A round of funding totaling $21.1 million for an Earth-observation project called Ceres. The constellation of satellites would monitor natural uses using the infrared and hyperspectral sensors.
In the five years since the company came out of stealth mode, it has pivoted from focusing on asteroid missions to remote sensing and now back to asteroid missions.
Foust didn’t report on the reason for the latest pivot. However, Planetary Resources main financial backer and partner is the government of Luxembourg, a postage-size country (as these things go) that doesn’t have a lot of use for natural resource monitoring, but is very interested in asteroid mining.
In November 2016, Luxembourg announced it was investing $28 million in Planetary Resources. The company also has set up an office in the European nation.
Foust did report that Lewicki, who is the company’s CEO, said two Arkyd-6 satellites are being readied for delivery in the next month for launch. The spacecraft will search for promising asteroids.
Lewicki also said the company plans to launch its first asteroid prospecting mission in the second half of 2020.
REDMOND, Wa., May 22, 2017 (Planetary Resources PR) –Planetary Resources, the asteroid mining company, announced today that it has named Brian Israel as General Counsel. Mr. Israel will oversee the legal, regulatory, and compliance functions for the company, its parent, and Planetary Resources Luxembourg. The company’s vision is to expand humanity’s economic sphere of influence into the Solar System by providing resources for people and products in space, with a near-term goal of identification, extraction, and refinement of water from near-Earth asteroids.
LUXEMBOURG CITY (Luxembourg Government PR) — The Luxembourg Government announced a series of measures to position Luxembourg as a European hub in the exploration and use of space resources. Amongst the key steps undertaken, as part of the spaceresources.lu initiative, will be the development of a legal and regulatory framework confirming certainty about the future ownership of minerals extracted in space from Near Earth Objects (NEO’s) such as asteroids.
Video Caption: Conceived from our vision for the exploration and utilization of resources from asteroids, Ceres, our advanced Earth observation system, delivers affordable, on-demand Earth intelligence of any point on the planet.
Editor’s Note: Hey, you guys deployed an Arkyd satellite into space in mid-July on a 90-day mission to test technology. How did that go? It’s been six months and I can’t find any updates on it at your website.
REDMOND, Wash. (Planetary Resources PR) — Planetary Resources, Inc., the asteroid mining company, praises the members of Congress who promoted historic legislation (H.R. 2262) that recognizes the right of U.S. citizens to own asteroid resources they obtain as property and encourages the commercial exploration and recovery of resources from asteroids, free from harmful interference.
Fortune Magazine’s Stephen Gandel is over in Davos, Switzerland this week, hobnobbing with the rich, famous and brilliant attendees who meet to contemplate solutions to the planet’s many problems at the World Economic Forum.
He has an entertaining piece about bumping into Planetary Resources’ President (and Chief Asteroid Miner) Chris Lewicki at a wine bar. Apparently, their discussion didn’t go much deeper than a description of the company’s plans to mine water and other materials from the Solar System’s orbiting piles of rock.
After I asked a few more questions about his company—like “is there really a lot of demand right now for gas stations and bottle water in outer space?”—Lewiski told me to stop being a critic. Every industry, he said, has to start somewhere. Yes. Dream big. This is Davos, after all.
That’s funny. And pretty impressive. Most start-ups lack the funds and connections to attend such an exclusive gathering. But, if you’re backed by multiple billionaires that include Eric Schmidt and Larry Page from Google, that’s not really a problem.
Washington D.C. (CSF PR) – The Commercial Spaceflight Federation (CSF) is proud to announce that Planetary Resources, Inc., the asteroid mining company, has joined CSF’s Executive Membership. The company had been an Associate Member since January 2012. Planetary Resources’ President and Chief Engineer Chris Lewicki will be the newest addition to CSF’s Board of Directors.
Seattle, Wash. – Planetary Resources PR – April 24, 2012 – Planetary Resources, Inc. announced today its plan to mine Near-Earth Asteroids (NEAs) for raw materials, ranging from water to precious metals. Through the development of cost-effective exploration technologies, the company is poised to initiate prospecting missions targeting resource-rich asteroids that are easily accessible.
Resource extraction from asteroids will deliver multiple benefits to humanity and grow to be valued at tens of billions of dollars annually. The effort will tap into the high concentration of precious metals found on asteroids and provide a sustainable supply to the ever-growing population on Earth.
A single 500-meter platinum-rich asteroid contains the equivalent of all the Platinum Group Metals mined in history.