U.S. Congress Recognizes Right of U.S. Citizens to Own Asteroid Resources

By passing historic legislation H.R. 2262 into law

A complex asteroid mining module is required to build possible future space settlements. This mining module is fully automated and can mine and process materials ranging from metal to fiberglass to volatiles
A complex asteroid mining module is required to build possible future space settlements. This mining module is fully automated and can mine and process materials ranging from metal to fiberglass to volatiles

Space news (November 17, 2015) – U.S. House of Congress –

When President Abraham Lincoln signed the Homestead Act into law on May 20, 1862, this spurred growth in the search for gold and timber to fuel the expanding economy of the nation and opened up new frontiers for continued growth and prosperity for all. 

Now, all Americans can take part in the future asteroid bonanza on the space frontier in the decades ahead. 

On November 10, 2015, U.S. Congress passed into law bill H.R. 2262, legislation recognizing the right of Americans to own the resources contained within asteroids they claim as property. 

One 300 meter asteroid can contain more minerals than have been mined on Earth, so far.
One 300 meter asteroid can contain more minerals than have been mined on Earth, so far.

We are proud to have the support of Congress. Throughout history, governments have spurred growth in new frontiers by instituting sensible legislation. Long ago, The Homestead Act of 1862 advocated for the search for gold and timber, and today, H.R. 2262 fuels a new economy that will open many avenues for the continual growth and prosperity of humanity. This off-planet economy will forever change our lives for the better here on Earth,” said Chris Lewicki, President, and Chief Engineer, Planetary Resources, Inc.

Planetary Resources is grateful for the leadership shown by Congress in crafting this legislation and looks forward to President Obama signing the language into law. We applaud the members of Congress who have led this effort and actively sought stakeholder input to ensure a vibrant economy and prosperous way of life now and for centuries to come. Patty Murray (D-WA), Kevin McCarthy (R-CA), Lamar Smith (R-TX), Bill Posey (R-FL) and Derek Kilmer (D-WA) have been unwavering in their support and leadership for the growth of the U.S. economy into the Solar System. Their forward-looking stance and active role in enabling the development of an economically and strategically valuable new marketplace will ensure our country’s continued leadership in space,” said Peter Marquez, Vice President of Global Engagement, Planetary Resources, Inc.

Planetary Resources is one of a new breed of private space adventures planning on mining an asteroid close to Earth in the next decade.
Planetary Resources is one of a new breed of private space adventures planning on mining an asteroid close to Earth in the next decade.

In the words of Senator Murray, “I am glad that we’ve taken this important step forward to update our federal policies to make sure they work for innovative businesses creating jobs in Washington state. Washington state leads in so many ways, and I’m proud that local businesses are once again at the forefront of new industries that will help our economy continue to grow.”

Congressman Posey said, “This bipartisan, bicameral legislation is a landmark for American leadership in space exploration. Recognizing basic legal protections in space will help pave the way for exciting future commercial space endeavors. Asteroids and other objects in space are excellent potential sources of rare minerals and other resources that can be used to manufacture a wide range of products here on Earth and to support future space exploration missions. Americans willing to invest in space mining operations need legal certainty that they can keep the fruits of their labor, and this bill provides that certainty.”

Congressman Kilmer said, “The commercial space industry in Washington state is leading the way in developing the cutting edge technology necessary to support human space exploration. The U. S. Commercial Space Launch Competitiveness Act will give these ventures the framework they need to continue to innovate and to keep the United States at the head of this growing, global industry. I congratulate the Senate for taking this step, and I look forward to the House quickly sending this bill to President Obama’s desk.”

Eric Anderson, Co-Founder, and Co-Chairman, Planetary Resources, Inc., said, “Many years from now, we will view this pivotal moment in time as a major step toward humanity becoming a multi-planetary species. This legislation establishes the same supportive framework that created the great economies of history, and it will foster the sustained development of space.”

Time to cash in those old stocks and bonds from the bygone era of Earth exploitation. The future is asteroids! 

Private firms around the United States and the world are currently making plans to take part in the future space bonanza. Can you afford to sit idly on the sidelines, while the future and opportunity pass you by? 

Take action! Join Planetary Resources or one of the few private firms planning on mining an asteroid in the decades ahead. 

Get your little piece of the future, in the form of a portion of the resources and monetary rewards of being part of the coming space bonanza.

People are currently getting in on the ground floor of this adventure and opportunity to take part in the future of mankind. 

The future is before us! Waiting to greet us into a sustainable way of living among the stars.  

Join the human journey to the beginning of space and time by investing in the future of mankind.

Read about NASA’s Explorer Program, which allows for relatively low-cost exploration of the solar system and cosmos.

Learn more about private firm Planetary Resources Inc. and their plans to mine an asteroid in the future.

Read about the search for the missing link in black hole evolution.

Learn more about mining as asteroid here.

Check out and join private firm Planetary Resources Inc. in their plans to cash in on the asteroid mining bonanza here.

Learn more about historic legislation H.R. 2262 here.

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Planetary Resources Inc. Planning on Mining an Asteroid

One 300-500 meter asteroid has enough resources to make it financially feasible to mine for ore and water

Space news ( September 02, 2015) – Finding and moving an asteroid of this size with the right composition safely to the right location for mining is the difficult part 

Here is an illustration that shows the three typical orbit patterns of near-Earth asteroids. You can see that the Aten, Amor and Apollo orbits come very close to, and sometimes intersect, with the Earth’s orbit. When this occurs we observe them and can even rendezvous with them with our Arkyd spacecraft. Credit: Planetary Resources, Inc.
Here is an illustration that shows the three typical orbit patterns of near-Earth asteroids. You can see that the Aten, Amor and Apollo orbits come very close to, and sometimes intersect, with the Earth’s orbit. When this occurs we observe them and can even rendezvous with them with our Arkyd spacecraft. Credit: Planetary Resources, Inc.

Planetary Resources Inc. is currently doing a survey of potential asteroids with the right composition close enough to make mining safely feasible. Potential asteroids are all closer to Earth than Main Belt asteroids, which are much more difficult to reach and mine for ore and water. Mining a Main Belt asteroid is a project for the future and one better done from a location closer to the target area.

1999 JU3 is on Planetary Resources Target list. It is a known carbonaceous asteroid that is predicted to be worth trillions. Image Credit: Planetary Resources, Inc. http://www.planetaryresources.com/asteroids/#asteroids-targets
1999 JU3 is on Planetary Resources Target list. It is a known carbonaceous asteroid that is predicted to be worth trillions. Image Credit: Planetary Resources, Inc. http://www.planetaryresources.com/asteroids/#asteroids-targets

At this point, Planetary Resources is gathering together the data collected by scientists during the last two decades on over 11,000 potential asteroids, along with nearly a million possible targets located in the Main Belt. Using this data they have developed a list of potential asteroids they’re currently following and evaluating for further prospecting. 

Prospecting potential asteroids using specifically designed spacecraft

In Planetary Resources factory in Redmond, WA engineers and scientists are developing advanced spacecraft capable of traveling to and prospecting potential asteroids. Called Arkyd rendezvous prospectors, these low-cost spacecraft are equipped with hyperspectral and infrared sensors, which will allow scientists to gather data on the composition of potential asteroids. They’ll also analyze data collected and send it back to Earth to be evaluated by geologists for mining feasibility.

Planetary Resources engineers are currently testing this space prospecting technology in low-Earth orbit. The Arkyd 3R deployed from the International Space Station during July. Engineers and scientists are presently testing systems and technologies designed for use in future Arkyd spacecraft.

Arkyd 6 launching in 2015
Arkyd 6 launching in 2015

Work continues

Later in 2015, Planetary Resources is planning on launching Arkyd 6 (A6), a slightly larger and more robust spacecraft carrying an infrared imaging sensor geologists want to use to look at asteroids for water and water-bearing minerals. The data they collect using their Arkyd 3R and A6 spacecraft will be used to define a mission profile for the feasible mining of a potential asteroid in the near future.

For more information on Planetary Resources and plans to mine an asteroid visit here.

For more information on asteroids go here.

Learn about a Magnetar found orbiting Sagittarius A, the supermassive black hole astronomers believe resides at the center of the Milky Way.

Read about the first Earth-sized exoplanet discovered suitable as a cradle for a new human genesis.

Learn more about the current search for habitable planets and life beyond Earth.