Larry Page and James Cameron to mine asteroids in space?

Rumours abound that Google billionaires Page and Schmidt, alongside film director James Cameron are to boldly go where no man has gone before...

by Michael Northcott
Last Updated: 19 Aug 2013

The internet has thrown a juicy piece of information our way this week regarding new US company, Planetary Resources. It’s apparently owned by Google founder Larry Page and chairman Eric Schmidt, with movie director James Cameron also holding a stake. And if that doesn’t sound far-fetched enough, check out the company’s plans.  

The aptly-named Planetary Resources has its sights set on outer space; namely, the precious metals lurking in passing asteroids. MT doesn’t know why it’s surprised. Cameron, the director of hit movies Avatar and Titanic, is known for being something of an adventurer and only recently made a journey to the bottom of the Mariana Trench, the deepest point on earth, in a submarine. As for Eric Schmidt and Larry Page, perhaps this space exploration will add an interplanetary bent to Google Maps!  

Planetary Resources, which already has a website and a Twitter feed, will host a launch event at Seattle's Museum of Flight on 24 April to explain its plans further. In an early press release it is claiming it will add trillions of dollars to Earth’s GDP as it works to ‘expand Earth’s resource base.’ The press release also named Ross Perot Jr, son of the US presidential candidate as an investor. It’s quite the investor line-up.

MT suspects this might be some kind of prank to promote the next Cameron movie? Or Google product? We will watch with interest when the launch event is streamed online next week…

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