A new asteroid mining company has been established

space .com (Photo credit: ~malkin~)

What is left for you to do when the world (earth) is not enough? You go to space!

New Asteroid-Mining Venture Unveiled

A new asteroid-mining company launched Tuesday with the goal of helping humanity expand across the solar system by tapping the vast riches of space rocks.

The new firm, called Deep Space Industries, Inc., announced today (Jan. 22) that it plans to launch a fleet of prospecting spacecraft in 2015, then begin harvesting metals and water from near-Earth asteroids within a decade or so. Such work could make it possible to build and refuel spacecraft far above our planet's surface, thus helping our species get a foothold in the final frontier.

"Using resources harvested in space is the only way to afford permanent space development," Deep Space CEO David Gump said in a statement. Deep Space Industries will hold a press conference today in Santa Monica, Calif., at 10 a.m. PST (1 p.m. EST/1800 GMT) to unveil more details of its bold mission plan; you can watch the webcast live at SPACE.com.

"More than 900 new asteroids that pass near Earth are discovered every year," Gump explained. "They can be like the Iron Range of Minnesota was for the Detroit car industry last century — a key resource located near where it was needed. In this case, metals and fuel from asteroids can expand the in-space industries of this century. That is our strategy."

Deep Space is the second company to jump into the asteroid-mining business. The first, the billionaire-backed firm Planetary Resources, had its own unveiling last April.

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