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Asteroids loom as a new Klondike

Asteroid-hunting telescope
An artist’s conception shows an asteroid-hunting telescope in Earth orbit. (Credit: NASA)

Seattle could profit from the rush for resources in outer space much as it did during the Klondike Gold Rush of the 1890s: by selling goods and services to the fortune-seekers.

At least that’s the vision laid out by entrepreneurs who are laying the groundwork in Seattle — and in space — for what they hope will be a multitrillion-dollar asteroid mining industry.

“I do believe that the first trillion is going to be made in space,” Peter Diamandis, one of the founders of Redmond-based Planetary Resources, said via video during a Seattle Space Entrepreneurs reception at Kirkland’s Marina Park on Thursday.

Chris Lewicki, the company’s president, noted that Seattle became a boomtown because of its location as the “Gateway to the Gold Fields” in Alaska. The city’s merchants made their fortunes by provisioning tens of thousands of would-be miners for the outward journey.

He and Diamandis told Thursday’s gathering of about 150 entrepreneurs and space geeks that Seattle is in a similar position today — not so much because of the region’s geography, but because of its intellectual resources.

Read the full story on GeekWire.

By Alan Boyle

Mastermind of Cosmic Log, contributing editor at GeekWire, author of "The Case for Pluto: How a Little Planet Made a Big Difference," president of the Council for the Advancement of Science Writing. Check out "About Alan Boyle" for more fun facts.

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