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The Asteroid Mining Company
Peter Marquez, Vice President for Global Engagement March 2015
[email protected] www.planetaryresources.com
Peter Marquez Vice President, Global Engagement [email protected]
@interplanetary
Huge Problem Access to Resources is the Rate Limiting Step of Our Species
ABUNDANCE 360
Challenge-1: PGM Scarcity & Pricing
PGM demand is going to triple in 30 years at constant PGM price
Air pollution from cars is solvable by platinum-intensive technologies
*US Dept of Energy funded study by TIAX. Scenarios based on 80% and 50% fuel cell vehicle market penetration by 2050. http://www1.eere.energy.gov/hydrogenandfuelcells/pdfs/tiax_platinum.pdf
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PGM’s are ‘siderophilic’ (iron loving) metals that sank to Earth’s core during formation.
$2–3 Billion Annual market today
ABUNDANCE 360
LEO
$4M / ton $20M / ton
Cost to reach GEO
GEO
Challenge-2: Fuel in Space is Expensive
x10 Expected growth
to $20-30 Billion in the next 10 years
=
ABUNDANCE 360
Vision
Advancing Technologies open new frontiers, and unlock access to resources once seen as “impossible” to harvest economically:Ø Hall-Heroult process ! Aluminum boomØ Hydraulic Fracturing ! Shale natural gas boomØ Deep-water Drilling! Deep sea oil boom
Al aluminum
13
6
Once the rarest metal on Earth,
was actually the most abundant. (made accessible by technology in 1886)
Once inaccessible, information, education, and water are becoming abundant. So will the resources of space.
ABUNDANCE 360
“State-of-the-Art”: $1 Billion Arkyd “Space Drone”: $5 Million
300,000 Part count Workforce of 1,000 engineers “One of a kind”, single craft Uses Deep Space Network
300 Part count Workforce of 40 engineers
Mass produced, swarm spacecraft High bandwidth laser comm
>90% built in-house
Technology has a history of unlocking resources Space Resources made accessible by Planetary Resources
Market – Why Asteroids? Why Now?
1. Our knowledge about asteroids is recent
2. 4,000 asteroids are closer than the Moon
3. Planetary has identified the best 11 asteroids
4. These asteroids are Trillion Dollar assets today • Fuels • Construction Metals • Platinum Group Metals
ABUNDANCE 360
“
1. Develop and demonstrate 4 key enabling technologies;
2. Build a service-based company that is able to serve near-term, robust markets;
3. Partner with key multinational companies to claim the most valuable real-estate in the solar system
ABUNDANCE 360
Planetary Resources’ Business Strategy:
PRI’s BOLD mission drives innovation infour key technology areas:
Why Asteroid Mining? Why Now?
ABUNDANCE 360
Laser Communications
1
Multi&Functional,Optical,Subsystem,Enabling,Optical,Communication,on,Small,Satellites,,
ARKYD,ASTRONAUTICS,,INC., , , Proposal,No:,T4.01&9919, ,A,PLANETARY,RESOURCES,COMPANY, , , ,
Page,10,of,47,, , , , , , , , , , , ,,,,,,Page,10,of,47,
Figure!2.4:!Arkyd!Optical!Communications!Testbed!Facility
Figure!2.5:!Testbed!Tip/Tilt!Assembly
Task!3:!Establish!proof@of@concept!for!ExoplanetSat@derived!stabilization!and!correction!concept! Task,3,represented,the,keystone,of,the,Phase,I,work,effort,,and,combined,the,talents,of,both,Arkyd,and,MIT,personnel,in,its,execution.,The,bulk,of,the,activity,centered,around,two,test,periods,,the,first,in,October,2012,and,the,second,in,early,January,2013.,The,purpose,of,the,effort,was,to,demonstrate,that,the,image,correction,algorithms,originally,created,for,ExoplanetSat,could,be,improved,in,accuracy,and,correction,rate,sufficiently,to,be,relevant,to,a,deep,space,optical,communications,implementation.,Based,on,an,assessment,of,the,required,pointing,precision,required,to,stabilize,a,downlink,communications,signal,over,a,1,&,2,AU,interplanetary,distance,,the,following,success,criteria,was,selected,to,evaluate,the,system’s,performance,against:
Autonomous Swarm Software
3 3D Printed Propulsion
4
Each of these four key Technology areas is able to drive large, near-term revenues independent
of the Asteroid Prospecting.
InfraredSensors
2
No Deep Space Network; High bandwidth
Reduction of 15,000 parts into 15 parts
Detection of water-ice signature Reliability in deep-space
PRI’s BOLD mission drives innovation infour key technology areas:
InfraredSensors
2
Why Asteroid Mining? Why Now?
ABUNDANCE 360
Laser Communications
No Deep Space Network; High bandwidth
1
Multi&Functional,Optical,Subsystem,Enabling,Optical,Communication,on,Small,Satellites,,
ARKYD,ASTRONAUTICS,,INC., , , Proposal,No:,T4.01&9919, ,A,PLANETARY,RESOURCES,COMPANY, , , ,
Page,10,of,47,, , , , , , , , , , , ,,,,,,Page,10,of,47,
Figure!2.4:!Arkyd!Optical!Communications!Testbed!Facility
Figure!2.5:!Testbed!Tip/Tilt!Assembly
Task!3:!Establish!proof@of@concept!for!ExoplanetSat@derived!stabilization!and!correction!concept! Task,3,represented,the,keystone,of,the,Phase,I,work,effort,,and,combined,the,talents,of,both,Arkyd,and,MIT,personnel,in,its,execution.,The,bulk,of,the,activity,centered,around,two,test,periods,,the,first,in,October,2012,and,the,second,in,early,January,2013.,The,purpose,of,the,effort,was,to,demonstrate,that,the,image,correction,algorithms,originally,created,for,ExoplanetSat,could,be,improved,in,accuracy,and,correction,rate,sufficiently,to,be,relevant,to,a,deep,space,optical,communications,implementation.,Based,on,an,assessment,of,the,required,pointing,precision,required,to,stabilize,a,downlink,communications,signal,over,a,1,&,2,AU,interplanetary,distance,,the,following,success,criteria,was,selected,to,evaluate,the,system’s,performance,against:
Autonomous Swarm Software
3 3D Printed Propulsion
4
Reduction of 15,000 parts into 15 parts
Components & Software
Space Situational Awareness
Asteroid Prospecting
Market: $100s Millions Market: $ Billions Market: $100s Billions
Space Sensor Drones
Market: $10s Billions
A B C D
These four technologies offer robust near-term markets for PRI:
Detection of water-ice signature Reliability in deep-space
Arkyd Technology/Launch Roadmap
Two Launches in 2015: Arkyd-3: Q1 2015 Launch Arkyd-6: Q3 2015 Launch
Arkyd-100: first deep-space capable vehicle
2015 Core Tech Demos
2016 Instrument Capability
2017 Demo Asteroid Mission
Arkyd-200: deep-space demonstration
2018 1st Customer Prospecting
Arkyd-300: First prospecting and claim
ABUNDANCE 360
$ 100’s billions
$ 1’s billions $300 million
$ 10’s billions
Harvest Best Resources in Solar
System
Prospecting Data to Claim Best Real
Estate in Space
Infrared Data and Optical Relay
Low Cost Space Systems
Company Valuation GrowthPhase I (today)
Phase 2 Phase 3 Phase 4
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Eric Anderson Co-Founder, Co-Chairman and CEO
Team
● The entrepreneur widely credited with starting the commercial human spaceflight industry. As CEO and Co-founder of Space Adventures, sold $700M in commercial spaceflights
● Served as Chairman of Commercial Spaceflight Federation ● Magna cum laude with a B.S. in Aerospace Engineering from the
University of Virginia
Peter Diamandis Co-Founder and Co-Chairman
● Pioneer in the commercial space arena, having co-founded Space Adventures, Zero-G and International Space University
● Chairman and CEO of the X PRIZE Foundation and the Executive Chairman of Singularity University
● Engineering degrees from MIT, MD from Harvard ● Author of New York Times best seller ABUNDANCE
Chris Lewicki President and Chief Engineer
● First JPL flight director under 30 ● Led the two most successful missions to Mars in NASA’s history ● First driver of Spirit and Opportunity rovers ● Mission manager for the Phoenix Lander, a third half-billion dollar
mission to Mars ● NASA’s Highest Honor for Excellence, twice ● Asteroid 13609 Lewicki named in his honor
Chris Voorhees VP of Spacecraft Development
● NASA JPL Lead Mechanical Engineer ● Curiosity Rover Chief Engineer ● Led team that assembled Spirit Mars Rover ● Designer of Spirit/Opportunity Mobility (wheels) ● Designer of first subsurface penetrator and soil drill for Mars ● NASA’s Exceptional Achievement Award ● NASA’s Exceptional Engineering Achievement Award
VP of Strategy HBS/Stanford/McKinsey
Principal Mechanical Engineer JPL Lead Integration Engineer
Principal Avionics Engineer Intel Core i7 Architect
Frank Mycroft Peter Illsley Ray Ramadorai
Senior Leadership
Peter MarquezJoe Landon
Chief Financial Officer HBS / Boeing Satellites
VP of Global Engagement US Space Policy Director
+ 30 top/world-class engineering professionals from JPL, Intel, SpaceX,
Google, and other silicon valley companies
Principal Software Engineer JPL Flight Software Engineer
Marc Allen
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H. Ross Perot, JrHillwood Group Chairman
Charles SimonyiChief Architect, Microsoft
Larry PageGoogle CEO
Eric SchmidtGoogle Chairman
Ram ShriramGoogle Founding Investor
Richard BransonVirgin Group Chairman
3D Systems (DDD)Avi Reichental, CEO
Additive manufacturing spacecraft structures
Bechtel CorporationRiley Bechtel, Chairman
Investing space as the next high-growth construction market
VENTURE INVESTORS
STRATEGIC INVESTORS
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I see the same potential in Planetary Resources as I did in the early days of Google.
—Ram Shriram World Class Investor Team
