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.

By Alan Boyle

Mastermind of Cosmic Log, contributor to GeekWire and Universe Today, author of "The Case for Pluto: How a Little Planet Made a Big Difference," past president of the Council for the Advancement of Science Writing.

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