[officially, who "owns" the asteroids?]

from SLATE
Group Plans To Mine Asteroids for Gold and Silver
James Cameron and two top Google executives are involved in the
project as advisers.

By Jeffrey Bloomer | Posted Tuesday, April 24, 2012, at 4:00 PM ET

The project aims to start mining asteroids within 10 years

The entrepreneurs behind commercial space flights announced on Tuesday
a new futuristic venture: cultivating gold, silver, and other
resources from the thousands of asteroids that continuously zip around
Earth.

The Associated Press reports that the project’s goal is to have robots
aboard spacecraft begin extracting materials from asteroids within a
decade. The first step is to launch satellites to identify viable
asteroids, which could happen within two years. Calling the effort
"glamorous," Peter Diamandis, a co-founder of the company behind the
plans, said the eventual dream is "to make the resources of space
available to humanity."

If the venture sounds like something out of a movie, it makes sense
that James Cameron, the Avatar and Titanic director, is an adviser.
(Cameron recently made news of his own with his descent into the
Mariana Trench in a vessel he designed himself.) The project also
counts the support of Larry Page and Eric Schmidt, two top Google
executives.

Skepticism was immediate, since the plans rely on new technologies not
yet invented and appear prohibitively expensive. The AP notes that a
NASA mission to return just 2 ounces of asteroid material will cost $1
billion. But Eric Anderson, another co-founder of the company,
dismissed the naysayers. "Before we started launching people into
space as private citizens, people thought that was a pie-in-the-sky
idea," he told reporters.

The Washington Post has a nice breakdown of another precious resource
the project seeks: water, which is extremely expensive to launch into
space but it’s essential to space travel. Extracting it from asteroids
could reduce the the cost to one-tenth or one-twentieth the current
price, the project's managers said.
-- 
Jim Devine / "An atheist is a man who has no invisible means of
support." -- John Buchan
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