24 Apr '12, 2pm

James Cameron wants to mine asteroids for precious metals. Seriously.

James Cameron is really starting to take his movies too seriously. Last month, the director descended the Mariana Trench in a submarine all beginning-of-Titanic style. Now Cameron and a bunch of other super-rich dudes say they are bankrolling a project to mine space asteroids for precious metals and rare minerals. (Remember Avatar ? A bunch of greedy Americans invade a pristine alien planet to extract natural resources. Chaos — and alien/human love — ensue). Cameron joins Google execs Eric Schimdt and Larry Page, Peter Diamandis (of X Prize fame), Eric Anderson, and other multi-millionaires in launching Planetary Resources, a new company focused on space exploration and innovation. The long-term plan is for the company to mine asteroids for precious metals. Apparently asteroids are veritable treasure troves — a 98-foot asteroid can hold anywhere from $25 billion to $50 bil...

Full article: http://grist.org/list/james-cameron-wants-to-mine-asteroi...

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