Space mining company Deep Space Industries just announced the world’s first-ever commercial space mining mission. By 2020, the company will launch its Prospector-1 robotic spacecraft on an asteroid, land on it, and investigate its potential value as a source of precious metals, minerals, water, and other resources.

“Deep Space Industries has worked diligently to get to this point, and now we can say with confidence that we have the right technology, the right team and the right plan to execute this historic mission,” said company chairman and co-founder Rick Tumlinson in a news release. “Prospector-1 will be the next step on our way to harvesting asteroid resources.”

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