• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer
  • NEWS:
  • SatNews
  • SatMagazine
  • MilSatMagazine
  • SmallSat News
  • |     EVENTS:
  • SmallSat Symposium
  • Satellite Innovation
  • MilSat Symposium
  • SmallSat Europe

SatNews

Satellite Industry Intelligence Since 1983

Subscribe
  • LATEST
  • SatNews Events
  • Magazines
  • Calendar
  • Subscribe
  • Missions & Constellations
    • Exploration & Science Missions
    • In-Orbit Servicing & Orbital Operations
    • LEO Constellations
    • Mission Autonomy & Onboard Systems
    • Mission Deployments & Manifests
    • Navigation & PNT
    • SmallSat
    • Spacecraft & Payload Technology
    View All in Missions & Constellations →
    4iG Group and SpaceX Sign Agreements to Deploy Starlink Mobile and Sovereign Satellite Solutions in Europe4iG Group and SpaceX Sign Agreements to Deploy Starlink Mobile and Sovereign Satellite Solutions in Europe
    UK Government Commercial Agency Selects Open Cosmos for £8 Billion Defense Communications FrameworkUK Government Commercial Agency Selects Open Cosmos for £8 Billion Defense Communications Framework
    York Space Systems Unveils LX/V-CLASS Spacecraft Platform Purpose-Built for Very Low Earth OrbitYork Space Systems Unveils LX/V-CLASS Spacecraft Platform Purpose-Built for Very Low Earth Orbit
    Mobile Satellite Services Association Releases Reference Architecture 2.0 for Regenerative NTN PayloadsMobile Satellite Services Association Releases Reference Architecture 2.0 for Regenerative NTN Payloads
  • Business
    • Contracts & Commercial Deals
    • Earnings & Financial Reporting
    • Events & Conferences
    • Funding & Venture Capital
    • Market Forecasts
    • Mergers & Acquisitions
    • Personnel Moves & Appointments
    View All in Business & Finance →
    Blue Origin Accelerates Engineering Hiring from Amazon Satellite Division to Expand Orbital OperationsBlue Origin Accelerates Engineering Hiring from Amazon Satellite Division to Expand Orbital Operations
    Silicon Valley Space Week Speaker Focus: Col. Eric Zarybnisky, U.S. Space ForceSilicon Valley Space Week Speaker Focus: Col. Eric Zarybnisky, U.S. Space Force
    Portnoy Law Firm Files Investor Class Action Against York Space Systems Over Defense Contract AllegationsPortnoy Law Firm Files Investor Class Action Against York Space Systems Over Defense Contract Allegations
    Seraphim Space Launches New Space ETF with Initial 23-Company PortfolioSeraphim Space Launches New Space ETF with Initial 23-Company Portfolio
  • Defense
    • Counterspace & ASAT
    • Defense Budgets & Procurement
    • ISR & Reconnaissance
    • MILSATCOM
    • Missile Warning & Defense
    • National Security Programs
    • Space Domain Awareness
    View All in Military & Defense →
    LeoLabs Awarded $20.7 Million U.S. Space Force Contract for Mobile Scout-S Surveillance RadarLeoLabs Awarded $20.7 Million U.S. Space Force Contract for Mobile Scout-S Surveillance Radar
    Palladyne AI and NORDA Dynamics Partner to Integrate Autonomous Swarming and Terminal Guidance SoftwarePalladyne AI and NORDA Dynamics Partner to Integrate Autonomous Swarming and Terminal Guidance Software
    How ICEYE Turned Sovereign SAR Into a 12-Month ProductHow ICEYE Turned Sovereign SAR Into a 12-Month Product
    Ground Infrastructure Vulnerabilities Accelerate Industry Transition to Cloud-Based SATCOM VirtualizationGround Infrastructure Vulnerabilities Accelerate Industry Transition to Cloud-Based SATCOM Virtualization
  • Gov
    • Export Controls & Compliance
    • International Space Agreements
    • National Space Policy
    • Space Law & Treaties
    • Space Sustainability & Debris Policy
    • Space Traffic Management / Debris Removal
    View All in Government & Regulation →
    Türkiye Becomes 71st Signatory of the Artemis AccordsTürkiye Becomes 71st Signatory of the Artemis Accords
    SpaceX Petitions FCC to Block Viasat Satellite Authorization Over Starlink Interference ConcernsSpaceX Petitions FCC to Block Viasat Satellite Authorization Over Starlink Interference Concerns
    NASA Astronaut Jonny Kim Departs Agency as Civil Space Sector Navigates Broader Human Capital DemandsNASA Astronaut Jonny Kim Departs Agency as Civil Space Sector Navigates Broader Human Capital Demands
    Satellite Industry Association Endorses White House Space Transportation Policy DirectiveSatellite Industry Association Endorses White House Space Transportation Policy Directive
  • Launch
    • Launch Providers
    • Launch Schedule & Calendars
    • Launch Sites & Infrastructure
    • Rocket Technology & Vehicles
    View All in Launch →
    NASA Launches Nancy Grace Roman Space Telescope to Survey Dark Energy and ExoplanetsNASA Launches Nancy Grace Roman Space Telescope to Survey Dark Energy and Exoplanets
    Firefly Aerospace CEO Cites Systemic Launch Vehicle Shortage Amid Expanding Satellite BacklogsFirefly Aerospace CEO Cites Systemic Launch Vehicle Shortage Amid Expanding Satellite Backlogs
    Financial Modeling Validates SpaceX Falcon 9 Booster Economics and MarginsFinancial Modeling Validates SpaceX Falcon 9 Booster Economics and Margins
    ESA Awards PLD Space €158.9M European Launcher Challenge Contract for MIURA 5 Scaling and ReusabilityESA Awards PLD Space €158.9M European Launcher Challenge Contract for MIURA 5 Scaling and Reusability
  • Software
    • Autonomous Ground Operations
    • Data Processing & AI/ML
    • Digital Twins & Modeling
    • Ground Segment & Teleports
    • Mission Planning & Simulation
    • Space Systems Software Engineering
    • Spectrum & Licensing
    View All in Software Automation & Ground Systems →
    Royal Wagenborg Selects De Boer Marine for Fleetwide Maritime Connectivity and Cybersecurity IntegrationRoyal Wagenborg Selects De Boer Marine for Fleetwide Maritime Connectivity and Cybersecurity Integration
    Astrolight Advances End-to-End Lasercom Network to Address Orbital Bandwidth and Spectrum BottlenecksAstrolight Advances End-to-End Lasercom Network to Address Orbital Bandwidth and Spectrum Bottlenecks
    Intellian Unveils CM100 GMDSS Terminal Built for Iridium Certus 100 Safety NetworkIntellian Unveils CM100 GMDSS Terminal Built for Iridium Certus 100 Safety Network
    NASA Joins Federal Genesis Mission Initiative to Process 150 Petabytes of Space Data via AI ArchitecturesNASA Joins Federal Genesis Mission Initiative to Process 150 Petabytes of Space Data via AI Architectures
  • Services & Apps
    • Climate & Environmental Monitoring
    • Disaster Response & Security Mapping
    • Earth Observation & Imaging
    • Maritime & Aviation Satcom
    • Satellite Communications
    View All in Services & Applications →
    Final Three SES O3b mPOWER Satellites Arrive at Cape Canaveral Ahead of Falcon 9 LaunchFinal Three SES O3b mPOWER Satellites Arrive at Cape Canaveral Ahead of Falcon 9 Launch
    SynMax Secures Exclusive Maritime Channel Deal for Satellogic’s Upcoming Merlin Satellite ConstellationSynMax Secures Exclusive Maritime Channel Deal for Satellogic’s Upcoming Merlin Satellite Constellation
    Munich Startup Project-S Emerges from Stealth with Multi-Million-Euro Funding for Orbital Safety InfrastructureMunich Startup Project-S Emerges from Stealth with Multi-Million-Euro Funding for Orbital Safety Infrastructure
    iKO Media Group Secures Multi-Channel Distribution Deal with Atresmedia via Eutelsat 117 West AiKO Media Group Secures Multi-Channel Distribution Deal with Atresmedia via Eutelsat 117 West A

Planetary Resources… Funding + Forging For Spatial Enterprise (Business)

April 23, 2012

[SatNews] An new private space exploration company backed by billionaire investors and filmmaker-turned-explorer James Cameron…

…will unveil its master plan “to help ensure humanity’s prosperity” on Tuesday, April 24. Officials with the enterprise have stated that “the company will overlay two critical sectors—space exploration and natural resources—to add trillions of dollars to the global GDP,” according to media alert sent to reporters on April 18th.

On April 24, Planetary Resources officials will announce details of their space exploration plans in a press conference at the Museum of Flight in Seattle, Washington, according to the alert. The announcement will be held in the museum’s Charles Simonyi Space Gallery, which is named after billionaire software developer Charles Simonyi, a Planetary Resources investor. “This innovative start-up will create a new industry and a new definition of ‘natural resources,'” company officials said in the statement.

Planetary Resources was co-founded by two veteran commercial space pioneers: Peter Diamandis and Eric Anderson. Diamandis is chairman and CEO of the X Prize Foundation, which offers prizes for technological feats, as well as a co-founder of Zero-G Corporation, which offers commercial flights to experience weightlessness aboard a modified Boeing 727-200 jet. Anderson, meanwhile, is the chairman and co-founder of Space Adventures, the only company ever to broker multimillion-dollar flights for private citizens to the International Space Station. Simonyi, for example, flew to the space station twice with Space Adventures, most recently in 2009 on a trip that cost a reported $35 million. Other big investment icons and spaceflight industry veterans form the core of Planetary Resources’ team, according to the media alert.

The company named “Titanic” filmmaker James Cameron and Google’s Larry Page and Eric Schmidt among its group of investors and advisors. Others on board include Simonyi, Google board of directors founding member K. Ram Shriram and Ross Perot, Jr., who is chairman of Hillwood and the Perot Group. Former NASA astronaut Tom Jones, a planetary scientist, will serve as an advisor for Planetary Resources. Former NASA Mars mission manager Chris Lewicki, who worked on the successful Phoenix lander, serves as the company’s president and chief engineer.

When Planetary Resources makes its big reveal, it will be the second billionaire-backed private space company to be announced within the last six months. Last December, Microsoft co-founder Paul Allen unveiled his new company Stratolaunch Systems, which plans to build the world’s largest airplane and use it as an air-based launch pad to send people into orbit.

Filed Under: Funding & Venture Capital, Startups & NewSpace Business

Primary Sidebar

Coverage

  • Missions & Constellations
  • Business & Finance
  • Military & Defense
  • Launch
  • Software Automation & Ground Systems
  • Government & Regulation
  • Services & Applications

Most Read Stories

  • SpaceX Finalizes Regulatory Procedures to Close $60 Billion Acquisition of AI Platform Cursor
  • Viasat Advances Equatys D2D Joint Venture Toward Initial Constellation Procurement
  • FCC Opens Proceeding to Unlock 200 MHz of Unlicensed Spectrum for Direct-to-Device Satellite Links
  • SpaceX Regulatory Strategy at the FCC: Disruptive Expansion Meets Administrative Oversight
  • Projected Starship Cost Collapse Redefines Low Earth Orbit Infrastructure Economics

Secondary Sidebar

Footer

 

Satnews is a leading provider of satellite news, events, publications, research and other satellite industry information in both commercial and military enterprises worldwide.

Stories By Category

  • Business & Finance
  • Government & Regulation
  • Launch
  • Military & Defense
  • Missions & Constellations
  • Services & Applications
  • Software Automation & Ground Systems
  • Spectrum & Licensing
  • Startups & NewSpace Business

About Us

  • Leadership & Editorial Team
  • SatNews History
  • Free Satnews Subscription
  • SatNews Events
  • Magazines

Navigation

  • Latest Stories
  • Magazines
  • Events
  • Contact
  • Cookie & Privacy Policy for Satnews

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.
x
Sign up Now (For Free)
Access daily or weekly satellite news updates covering all aspects of the commercial and military satellite industry.
Invalid email address
Notify Me Regarding ( At least one ):
We value your privacy and will not sell or share your email or other information with any other company. You may also unsubscribe at anytime.

Click Here to see our full privacy policy.
Thanks for subscribing!