James Cameron To Invest In Asteroid Mining Project

After exploring the Earth’s deepest point, that is, the bottom of the Mariana Trench, to produce his successful movie, “Titanic”, James Cameron plans to invest in an asteroid mining project. “Planetary resources” has already attracted numerous investors because the company promises to improve the prosperity of humanity and to add “trillions of dollars to the global GDP”, says Deadline.

James Cameron will not embark alone on this cosmic adventure; he will be sustained by Google executives, Larry Page and Eric Schmidt, as well as Microsoft’s executives Charles Simonyi and Ross Perot Jr. The persons who will take part in the project did not reveal too many details in relation to the mysterious company.

The press managed to get more pieces of information from a statement that was released by MIT’s Technology Review. According to this declaration, “Planetary Resources” is a project that is meant to overlay two important areas in our lives: space exploration and natural resources. Thanks to the new technology that the said investors will develop, a new industry will be created and people will no longer worry about the deficit of natural resources.

Since the company did not reveal its intentions, critics and analysts tried to solve the mystery on their own by making various assumptions. Technology Review was among the first publications to write about the project saying that “Planetary Resources” might deal with asteroid mining, that is, a method of extracting the natural resources we need from space. Analysts further added that their endeavour might turn out useless as there is no real evidence that the resources we need, that is, a livable climate and/or oil supplies, could be found in space.

The speculation was confirmed by several other publications. In their opinion, there are many reasons to believe that the company will deal with asteroid mining because the head of the operation is Peter Diamandis who stated in 2005 that there is an extraterrestrial environment where we could find all the resources we need. In addition, Diamandis mentioned asteroid mining as the only solution for world poverty.

“Planetary Resources” will be launched on April 24 at 10:30 a.m. The project will be presented during a press conference that will be organized at the Museum of Flight in Seattle, Washington.

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