Planetary Resources, Inc., formerly known as Arkyd Astronautics, is a company formed in 2010, and reorganized and renamed with considerable fanfare in 2012. Their stated goal is to ‘expand Earth’s natural resource base’ by developing and deploying the technologies for asteroid mining. Although the long-term goal of the company is to mine asteroids, its initial plans call for developing a market for small (30–50 kg) cost-reduced space telescopes for both Earth observation and astronomy.
These spacecraft would employ a laser-optical system for ground communications, reducing payload bulk and mass compared to conventional RF antennae. The deployment of such orbital telescopes is envisioned as the first step forward in the company’s asteroid mining ambitions. The same telescope satellite capabilities that Planetary Resources hopes to sell to customers can be used to survey and intensively examine near-earth asteroids.
The Daily Omnivore 
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