On Tuesday, a new company called Planetary Resources will announce its existence at the Charles Simonyi Space Gallery at The Museum of Flight in Seattle. It's not clear what the firm does, but its roster of backers incudes Google cofounders Larry Page and Eric Schmidt, filmmaker James Cameron, former Microsoftie (and space philanthropist) Charles Simonyi, and Ross Perot Jr., son of the former presidential candidate.

According to the company's press release (below):

[...] the company will overlay two critical sectors – space exploration and natural resources – to add trillions of dollars to the global GDP. This innovative start-up will create a new industry and a new definition of ‘natural resources’.

That sounds like asteroid mining. Because what else is there in space that we need here on earth? Certainly not a livable climate or a replacement for our dwindling supplies of oil.

To read more, click here.