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Planetary Resources, Inc., formerly known as Arkyd Astronautics, was an American company that was formed on 1 January 2009,ARKYD Astronautics Founded http://www.planetaryresources.com/2009/01/draft-arkyd-astronautics-founded/ and reorganized and renamed in 2012. Its stated goal is to "expand
Earth Earth is the third planet from the Sun and the only astronomical object known to harbor life. While large volumes of water can be found throughout the Solar System, only Earth sustains liquid surface water. About 71% of Earth's surfa ...
's natural resource base" by developing and deploying the technologies for
asteroid mining Asteroid mining is the hypothetical exploitation of materials from asteroids and other minor planets, including near-Earth objects. Notable asteroid mining challenges include the high cost of spaceflight, unreliable identification of asteroids ...
. Following financial troubles caused by "delayed investment", it was announced on 31 October 2018, that the company's human assets were purchased by the blockchain software technology company ConsenSys, Inc. In May 2020, ConsenSys made all Planetary Resources intellectual property available to the public domain, and in June 2020, all the remaining hardware assets were auctioned off. 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 telescope A space telescope or space observatory is a telescope in outer space used to observe astronomical objects. Suggested by Lyman Spitzer in 1946, the first operational telescopes were the American Orbiting Astronomical Observatory, OAO-2 launch ...
s for
Earth observation Earth observation (EO) is the gathering of information about the physical, chemical, and biological systems of the planet Earth. It can be performed via remote-sensing technologies (Earth observation satellites) or through direct-contact sensors ...
and astronomy. These spacecraft would employ a laser-optical system for ground communications, reducing payload bulk and mass compared to conventional RF antennas. The deployment of such orbital telescopes was envisioned as the first step forward in the company's asteroid mining ambitions. The same telescope satellite capabilities that Planetary Resources hope to sell to customers could be used to survey and intensively examine near-Earth asteroids. Planetary has to date launched two test satellites to orbit. ''Arkyd 3 Reflight'' (''A3R'') was launched and successfully transported to Earth orbit on 17 April 2015 and was deployed from the
International Space Station The International Space Station (ISS) is the largest modular space station currently in low Earth orbit. It is a multinational collaborative project involving five participating space agencies: NASA (United States), Roscosmos (Russia), JAXA ( ...
via the
NanoRacks Nanoracks LLC is a private in-space services companywhich builds space hardware and in-space repurposing tools.The company also facilitates experiments and launches of CubeSats to Low Earth Orbit. Nanoracks's main office is in Houston, Texa ...
CubeSat Deployer on 16 July 2015. ''Arkyd 6'', the company's second satellite, was successfully placed into orbit on 11 January 2018.


History

Planetary Resources, Inc was founded as Arkyd Astronautics on 1 January 2009, with
Peter Diamandis Peter H. Diamandis (; born May 20, 1961) is a Greek-American engineer, physician, and entrepreneur best known for being founder and chairman of the X Prize Foundation, cofounder and executive chairman of Singularity University and coauthor of ' ...
as co-chairman and director, and Chris Lewicki as president and chief engineer. According to co-founder Eric C. Anderson, the name "Arkyd Astronautics" was deliberately ambiguous, to help keep the company's asteroid-mining agenda secret. The company gained media attention in April 2012 with the announcement of a press conference, scheduled for April 24, 2012. The initial press release provided limited information; as of April 20, 2012, only a list of major investors and advisors was known. Included in the list were many people notable for their entrepreneurship and interest in space, exploration, and research. Some also had previous involvement in space research. It was speculated that Planetary Resources was "looking for ways to extract raw materials from non-Earth sources," as how it would (as stated in the press release) "add trillions of dollars to the global GDP." From the outset, the dominant assumption was that the company intended to develop
asteroid mining Asteroid mining is the hypothetical exploitation of materials from asteroids and other minor planets, including near-Earth objects. Notable asteroid mining challenges include the high cost of spaceflight, unreliable identification of asteroids ...
operations, with one anonymous source reportedly verifying that claim in advance of the April 24 event. Arkyd Astronautics became a wholly-owned subsidiary of ''Planetary Resources''. In July 2012, Planetary Resources announced an agreement with
Virgin Galactic Virgin Galactic is an American spaceflight company founded by Richard Branson and his British Virgin Group retains an 11.9% stake through Virgin Investments Limited. It is headquartered in California, and operates from New Mexico. The compan ...
to enable multiple launch opportunities for its series of spacecraft on
LauncherOne LauncherOne is a two-stage orbital launch vehicle developed and flown by Virgin Orbit that began operational flights in 2021, after being in development from 2007 to 2020. It is an air-launched rocket, designed to carry smallsat payloads o ...
starting with the Arkyd-100 series of space telescopes. By January 2013, Planetary Resources had completed a ground test prototype of the Arkyd-100 and released a limited set of details publicly. In April 2013, Planetary Resources announced that
Bechtel Corporation Bechtel Corporation () is an American engineering, procurement, construction, and project management company founded in San Francisco, California, and headquartered in Reston, Virginia. , the '' Engineering News-Record'' ranked Bechtel as ...
has joined Planetary Resources' group of investors and will be a collaborative partner in helping Planetary Resources achieve its long-term mission of mining asteroids. In April 2013, the company announced that they planned on launching a
CubeSat A CubeSat is a class of miniaturized satellite based around a form factor consisting of cubes. CubeSats have a mass of no more than per unit, and often use commercial off-the-shelf (COTS) components for their electronics and structure. CubeSats ...
called "Arkyd-3" (A3) in early 2014, as a testbed manifestation for the Arkyd-100 spacecraft. The purpose of the
flight Flight or flying is the process by which an object moves through a space without contacting any planetary surface, either within an atmosphere (i.e. air flight or aviation) or through the vacuum of outer space (i.e. spaceflight). This can be a ...
is to test technologies for the first Arkyd-100 spacecraft. In the event, the first A3 was launched in fall of 2014 but was destroyed in a launch accident; a second A3 spacecraft—designated A3R—was launched in April 2015 and deployed into orbit in July 2015. In May 2013, Planetary Resources announced the launch of Kickstarter funding for the ARKYD-100. Their goal was surpassed on 19 June 2013. However, funding for the initial space telescope was not forthcoming. The accompanying Kickstarter campaign was terminated and refunds were promised in May 2016. In June 2013, Planetary Resources took an undisclosed investment from
3D Systems 3-D, 3D, or 3d may refer to: Science, technology, and mathematics Relating to three-dimensionality * Three-dimensional space ** 3D computer graphics, computer graphics that use a three-dimensional representation of geometric data ** 3D film, a ...
and intends to make use of its 3D printing technology to manufacture components of the Arkyd spacecraft that Planetary Resources intends to use for finding near-Earth asteroids. By mid-2016, the company had grown to 60 employees, but still has no firm date for the launch of its first Arkyd satellite. A test satellite named ''Arkyd 3 Reflight'' (''A3R'') was launched and successfully transported to Earth orbit on 17 April 2015 and was deployed from the
International Space Station The International Space Station (ISS) is the largest modular space station currently in low Earth orbit. It is a multinational collaborative project involving five participating space agencies: NASA (United States), Roscosmos (Russia), JAXA ( ...
via the
NanoRacks Nanoracks LLC is a private in-space services companywhich builds space hardware and in-space repurposing tools.The company also facilitates experiments and launches of CubeSats to Low Earth Orbit. Nanoracks's main office is in Houston, Texa ...
CubeSat Deployer on 16 July 2015. The ''"Reflight"'' descriptor was used because Planetary's first satellite, ''Arkyd 3'', was destroyed on October 28, 2014, after an
Antares Antares is the brightest star in the constellation of Scorpius. It has the Bayer designation α Scorpii, which is Latinised to Alpha Scorpii. Often referred to as "the heart of the scorpion", Antares is flanked by σ Scorpii and τ ...
resupply rocket exploded seconds after launch. In May 2016, the company announced it had secured US$21.1 million in Series A funding, which it said would be used to deploy and operate a constellation of Earth observation satellites, to be known as Ceres, using ten of their Arkyd-100 satellites.Planetary Resources Raises $21.1 Million in Series A Funding; Unveils Advanced Earth Observation Capability http://www.planetaryresources.com/2016/05/planetary-resources-raises-21-1-million-in-series-a-funding-unveils-advanced-earth-observation-capability/ These can be used both for surveying asteroids and for Earth observation, and feature an arc-second resolution camera. In November 2016,
Luxembourg Luxembourg ( ; lb, Lëtzebuerg ; french: link=no, Luxembourg; german: link=no, Luxemburg), officially the Grand Duchy of Luxembourg, ; french: link=no, Grand-Duché de Luxembourg ; german: link=no, Großherzogtum Luxemburg is a small lan ...
invested €25 million in the company in the form of capital and research and development grants. The company announced the investment would be used for the launch of its first asteroid prospecting mission by 2020. Luxembourg had recently adopted draft legislation giving private operators rights to materials mined in space. The company's second satellite launch was successfully carried out on 11 January 2018. The ''Arkyd 6'' flight-test satellite was delivered into orbit by the Indian
Polar Satellite Launch Vehicle The Polar Satellite Launch Vehicle (PSLV) is an expendable medium-lift launch vehicle designed and operated by the Indian Space Research Organisation (ISRO). It was developed to allow India to launch its Indian Remote Sensing (IRS) satellites ...
PSLV-C40 PSLV-C40 was the 42nd mission of the Indian Polar Satellite Launch Vehicle (PSLV) program in the XL configuration. PSLV-C40 successfully carried and deployed 31 satellites in sun-synchronous orbits. Overview Two Surrey Satellite Technology sate ...
. ''Arkyd-6'' had originally been announced to launch in late 2015 along with a number of other CubeSats, then to a planned April 2016 launch, and later had plans to launch on a SpaceX vehicle. In early 2018, the company failed to close a round of funding as planned, forcing layoffs. The company had planned on receiving investment from an unnamed mining company, but the investment was delayed due to budgetary reasons. The company's first asteroid prospecting mission, scheduled to launch in 2020, was delayed indefinitely. On 31 October 2018, Planetary Resources was acquired by
ConsenSys ConsenSys is a blockchain software technology company founded by Joseph Lubin and based in New York City. History Joseph Lubin founded ConsenSys in early 2015 as a software foundry to develop decentralized software services and applications ...
, a blockchain technology company. ConsenSys will operate its space initiatives out of Planetary Resources' former facility in Redmond, WA.


Plans

Planetary Resources aims to develop a robotic
asteroid mining Asteroid mining is the hypothetical exploitation of materials from asteroids and other minor planets, including near-Earth objects. Notable asteroid mining challenges include the high cost of spaceflight, unreliable identification of asteroids ...
industry. To achieve this, the company is operating on the basis of a long-term strategic plan. The first stage will be a survey and analysis, using purpose-built satellites in Earth orbit, to locate the best potential targets among
near-Earth asteroids A near-Earth object (NEO) is any small Solar System body whose orbit brings it into proximity with Earth. By convention, a Solar System body is a NEO if its closest approach to the Sun (perihelion) is less than 1.3 astronomical units (AU). ...
. Several small
space telescopes A space telescope or space observatory is a telescope in outer space used to observe astronomical objects. Suggested by Lyman Spitzer in 1946, the first operational telescopes were the American Orbiting Astronomical Observatory, OAO-2 launche ...
, with various sensing capabilities, are to be launched for this purpose. The company website asserts that their space telescopes will be made available for hire, for private uses. The company also intends to produce satellites for sale. Their first model of space telescope, the Arkyd-100, has been introduced. Later stages of the strategic plan envision sending survey probes to selected asteroids in order to map, including deep-scanning, and to conduct sample-and-analysis and/or sample-and-return missions. The company has stated that it could take a decade to finish identifying the best candidates for commercial mining. Ultimately, their intent is to establish fully automated/robotic asteroid-based mining and processing operations, and the capability to transport the resulting products wherever desired. In addition to the extraction of industrial and precious metals for space-based and terrestrial use, the project envisions producing water for an orbital propellant depot.


Arkyd-3 Flight test system

Planetary Resources packaged a number of the non-optical satellite technologies of the Arkyd-100—essentially the entire base of the Arkyd-100 satellite model revealed in January 2013, but without the space telescope—into a cost-effective format for early in-space flight testing on a
nanosatellite A small satellite, miniaturized satellite, or smallsat is a satellite of low mass and size, usually under . While all such satellites can be referred to as "small", different classifications are used to categorize them based on mass. Satellites ca ...
named the ''Arkyd 3'', or ''A3''. The Arkyd-3 testbed satellite was packaged in a 3U
CubeSat A CubeSat is a class of miniaturized satellite based around a form factor consisting of cubes. CubeSats have a mass of no more than per unit, and often use commercial off-the-shelf (COTS) components for their electronics and structure. CubeSats ...
form-factor of . The first attempt to validate and mature the technology met a setback on 28 October 2014, when the first Arkyd-3 test satellite was destroyed during launch in the explosion of the
Antares rocket Development The NASA COTS award was for and Orbital Sciences expected to invest an additional $150 million, split between $130 million for the booster and $20 million for the spacecraft. A Commercial Resupply Service contract of $1.9 bil ...
carrying it to the
International Space Station The International Space Station (ISS) is the largest modular space station currently in low Earth orbit. It is a multinational collaborative project involving five participating space agencies: NASA (United States), Roscosmos (Russia), JAXA ( ...
(ISS). A second attempt to launch an Arkyd-3 spacecraft—designated ''A3R'', or ''Arkyd-3 Reflight''—took place on 14 April 2015 with a flight of
SpaceX CRS-6 SpaceX CRS-6, also known as SpX-6, was a Commercial Resupply Service mission to the International Space Station, contracted to NASA. It was the eighth flight for SpaceX's uncrewed Dragon cargo spacecraft and the sixth SpaceX operational mis ...
to the ISS. After spending several months attached to the ISS, A3R was deployed on orbit on 16 July 2015 to begin
flight test Flight testing is a branch of aeronautical engineering that develops specialist equipment required for testing aircraft behaviour and systems. Instrumentation systems are developed using proprietary transducers and data acquisition systems. D ...
ing. The test flight was expected to have an approximately 90-day duration.Planetary Resources’ First Spacecraft Successfully Deployed, Testing Asteroid Prospecting Technology on Orbit
accessed 17 July 2015.
, the company had been silent on the progress of on-orbit testing following deployment from the ISS. The satellite subsystems tested on A3R the included the
avionics Avionics (a blend of ''aviation'' and ''electronics'') are the electronic systems used on aircraft. Avionic systems include communications, navigation, the display and management of multiple systems, and the hundreds of systems that are fit ...
, attitude determination and
control Control may refer to: Basic meanings Economics and business * Control (management), an element of management * Control, an element of management accounting * Comptroller (or controller), a senior financial officer in an organization * Controllin ...
system (both sensors and actuators), and integrated
propulsion system Propulsion is the generation of force by any combination of pushing or pulling to modify the translational motion of an object, which is typically a rigid body (or an articulated rigid body) but may also concern a fluid. The term is derived from ...
that will enable
proximity operations A space rendezvous () is a set of orbital maneuvers during which two spacecraft, one of which is often a space station, arrive at the same orbit and approach to a very close distance (e.g. within visual contact). Rendezvous requires a precise ma ...
for the Arkyd line of prospectors in the future. A3R reentered the atmosphere on 23 December 2015.What Happened to Planetary Resources’ Real Satellite?
Parabolic Arc, 8 January 2016, accessed 9 January 2016.


Arkyd-6 Flight test system

A second flight test unit for Planetary Resources—twice the size of A3R with a 6U form factor—is the Arkyd-6 (A6). It is slated to test attitude control, power, and communication systems as well as a photo-display-and-retransmission system. As of July 2015, A6 was initially planned to launch in late 2015 along with a number of other cubesats. This date had slipped to a planned April 2016 launch In their May 2016 announcement about securing additional funding, the company indicated they had signed a launch contract for Arkyd-6 with SpaceX. however, SpaceX experienced a flight anomaly in June 2015 and a launch pad anomaly in September 2016, each resulting in multi-month halts to SpaceX launches and a large backlog in the SpaceX launch manifest. A6 was placed into orbit in January 2018 atop an Indian
Polar Satellite Launch Vehicle The Polar Satellite Launch Vehicle (PSLV) is an expendable medium-lift launch vehicle designed and operated by the Indian Space Research Organisation (ISRO). It was developed to allow India to launch its Indian Remote Sensing (IRS) satellites ...
via launch
PSLV-C40 PSLV-C40 was the 42nd mission of the Indian Polar Satellite Launch Vehicle (PSLV) program in the XL configuration. PSLV-C40 successfully carried and deployed 31 satellites in sun-synchronous orbits. Overview Two Surrey Satellite Technology sate ...
.PSLV-C40/Cartosat-2 Series Satellite Mission - ISRO. Isro.gov.in. 2018 ccessed 2018 Jan 15 https://www.isro.gov.in/launcher/pslv-c40-cartosat-2-series-satellite-mission


See also

*
Asteroid mining Asteroid mining is the hypothetical exploitation of materials from asteroids and other minor planets, including near-Earth objects. Notable asteroid mining challenges include the high cost of spaceflight, unreliable identification of asteroids ...
*
Deep Space Industries Deep Space Industries, or DSI, was an American private ly-held company operating in the space technology and space exploration sectors. It was acquired on January 1, 2019 by Bradford Space. The company is developing and building spacecraft tech ...
*
In-situ resource utilization In space exploration, in situ resource utilization (ISRU) is the practice of collection, processing, storing and use of materials found or manufactured on other astronomical objects (the Moon, Mars, asteroids, etc.) that replace materials th ...
* '' Mining the Sky: Untold Riches from the Asteroids, Comets, and Planets'' *
NewSpace Private spaceflight is spaceflight or the development of spaceflight technology that is conducted and paid for by an entity other than a government agency. In the early decades of the Space Age, the government space agencies of the Soviet Uni ...
*
Propellant depot An orbital propellant depot is a cache of propellant that is placed in orbit around Earth or another body to allow spacecraft or the transfer stage of the spacecraft to be fueled in space. It is one of the types of space resource depots that ...
*
Shackleton Energy Company Shackleton Energy Company was a Texas company (2007–mid-2010s) formed to build equipment and technologies necessary for mining the Moon. They failed to secure funding and have met no public milestones. History Shackleton was formed in 2007 ...
* Space-based industry *
SpaceDev SpaceDev, a part of the "Space Systems Business" of Sierra Nevada Corporation, is prominent for its spaceflight and microsatellite work. It designed and built components for the hybrid rocket motors for Paul Allen's Tier One suborbital SpaceS ...
& their
Near Earth Asteroid Prospector Asteroid mining is the hypothetical exploitation of materials from asteroids and other minor planets, including near-Earth objects. Notable asteroid mining challenges include the high cost of spaceflight, unreliable identification of asteroids ...
*
Space manufacturing Space manufacturing is the production of tangible goods beyond Earth. Since most production capabilities are limited to low Earth orbit, the term in-orbit manufacturing is also frequently used. There are several rationales supporting in-space ...
*
Space mining Asteroid mining is the hypothetical exploitation of materials from asteroids and other minor planets, including near-Earth objects. Notable asteroid mining challenges include the high cost of spaceflight, unreliable identification of asteroids ...
*
Space trade Space trade is interplanetary or interstellar trade. Plans and ideas on how trade functions have been published by Futurists and pundits since the 1960s, though science fiction writers have been envisioning such trade for several more decades. ...
*
Space technology Space technology is technology for use in outer space, in travel (''astronautics'') or other activities beyond Earth's atmosphere, for purposes such as spaceflight, space exploration, and Earth observation. Space technology includes space vehicles ...
*
Inspiration Mars Inspiration Mars Foundation was an American nonprofit organization founded by Dennis Tito that in 2013 proposed to launch a crewed mission to flyby Mars in January 2018, or 2021 if they missed the first synodic opportunity in 2018. Their websi ...


References

* - an interview with advisor
Sara Seager Sara Seager (born 21 July 1971) is a Canadian-American astronomer and planetary scientist. She is a professor at the Massachusetts Institute of Technology and is known for her work on extrasolar planets and their atmospheres. She is the aut ...
.


External links

* {{Triangulation, 108, Chris Lewicki Asteroid mining American companies established in 2010 Mining companies of the United States Aerospace companies of the United States Companies based in Seattle Private spaceflight companies 2010 establishments in Washington (state)