Saturday, January 26, 2013

Investors shrug at pie in the sky plans to mine asteroids, moon Read more:

A slew of space entrepreneurs are trying to convince investors that there's gold -- and platinum and other precious minerals -- inside asteroids, just waiting to be mined.

It's a claim some venture capitalists fear might just be an investor black-hole, however.
One entrepreneurial venture, Deep Space Industries, this week unveiled a somewhat fantastic plan that utilizes as early as 2015 a fleet of micro-satellites to explore potential asteroid mining sites. When it identifies a few of them, the company will deploy larger spaceships to harness them and ultimately drag them back to Earth for mining and processing.

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