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Arkyd-3 Reflight

Planetary Resources, Inc.
Private
Industry Asteroid mining
Founded November 2010 (2010-11) as Arkyd Astronautics
Founder Peter H. Diamandis
Eric C. Anderson
Chris Lewicki
Headquarters Redmond, Washington, U.S.
Number of employees
60(2016)
Website planetaryresources.com

Planetary Resources, Inc., formerly known as Arkyd Astronautics, is an American company that was formed on 1 January 2009, and reorganized and renamed 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 (30–50kg) 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 antennas. 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.

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 via the NanoRacks CubeSat Deployer on July 16, 2015. The "Reflight" descriptor was used because Planetary's first satellite, Arkyd 3, was destroyed on October 28, 2014 after an Antares resupply rocket exploded seconds after launch.

Planetary Resources, Inc was originally founded as Arkyd Astronautics on 1 January 2009, with Peter Diamandis as co-chairman and director, and Chris Lewicki as president and chief engineer. According to co-founder Eric Andersen, 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 a number of 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 the means by which 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 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.


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