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Planetary Resources

Planetary Resources

Planetary Resources is a company that is known for developing asteroid mining technologies in order to attain outer-Earth natural resources

Planetary Resources is looking to play a role in the development of an economy that is based in space. The company was founded in 2010 by Eric Anderson and Peter Diamandis, in Redmond, Washington, United States.

A primary target for acquiring natural resources, for Planetary Resources, is on asteroids. The company believes water from asteroids will be utilized to fuel the in-space economy and habitation as water can now serve as a form of rocket fuel and as a natural consumable commodity.

The company has been acquired by ConsenSys, which is a blockchain company that made the move to acquire Planetary Resources after finding the company was suffering funding problems. The space expertise and capabilities that Planetary Resources offers would be integrated directly into ConsenSys' ecosystem to help promote their Ethereum-based projects. They look to use deep space capabilities to help for a rule system that is automated and refers to smart contracts.

Planetary Resources developed a line of cubesats, with the first one to launch successfully being the Arkyd-3R, and then the Arkyd-6. The Arkyd-6 provides mid-wave infrared imaging.

Timeline

May 2016
Planetary Resources raises a $21,000,000 series A round from Conversion Capital, Dylan Taylor, Grishin Robotics, Larry Page, OS Fund, Panos Papadopoulos, Peter Livingston, Seraph Group, Sinovation Ventures, Space Angels, Upslope Ventures, Vast Ventures and ZhenFund.
July 1, 2013
Planetary Resources raises a $1,500,000 seed round.
July 1, 2013
Planetary Resources raises a $1,500,000 crowdfunding from Dylan Taylor.

Funding rounds

Products

SBIR/STTR Awards

Patents

Further Resources

Title
Author
Link
Type
Date

Asteroid mining company Planetary Resources acquired by blockchain firm - SpaceNews

Web

October 31, 2018

Planetary Resources - Crunchbase Company Profile & Funding

Web

News

Title
Author
Date
Publisher
Description
Alan Boyle
May 12, 2021
news.yahoo.com
Xplore, a Seattle-area startup that aims to build satellites for interplanetary missions, has a new address in Redmond, Wash. -- in the same office complex...

References

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