Summary Box: Company plans to mine asteroids

AP News
Posted: Apr 24, 2012 4:00 PM
Summary Box: Company plans to mine asteroids

MINING ASTEROIDS: Space-faring robots could be extracting gold and platinum from asteroids within 10 years if a new venture, backed by Google CEO Larry Page and Executive Chairman Eric Schmidt and filmmaker James Cameron, gets off the ground as planned.

RESERVATIONS: Outside experts are skeptical about the project because it would probably require untold millions or perhaps billions of dollars and huge advances in technology.

NEXT UP: The inaugural step would be launching the first in a series of private telescopes that would search for the right type of asteroids.