Planetary Resources hopes for asteroid comeback

Planetary Resources' Arkyd-301

An artist’s conception shows the Arkyd-301 spacecraft, which was destined to start blazing a trail for asteroid prospecting in 2020. (Planetary Resources Illustration)

It’s been months since Planetary Resources had to scale back its asteroid aspirations because a fundraising campaign came up short — and the quest for cash is continuing as space industry leaders converge on the Seattle area this week for the Space Frontier Foundation’s annual NewSpace conference.

So how long will the quest continue?

“I don’t think there’s a definitive answer to that,” Chris Lewicki, the Redmond, Wash.-based venture’s CEO, president and chief asteroid miner, told GeekWire today.

But Lewicki said Planetary Resources, which has raised more than $50 million in investments and successfully sent two satellites into orbit over the course of six years, isn’t swerving from its goal of mining near-Earth asteroids to build a trillion-dollar industry.

Get the full story on GeekWire.

About Alan Boyle

Award-winning science writer, creator of Cosmic Log, 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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