Google founders and James Cameron have created a company whose objective will be to search for natural resoruces outside of Earth, according to The Register.
Planetary Resources, started by Google co-founder Larry Page, Google chairman Eric Schmidth, Google board member K. Ram Shriram, James Cameron, former Microsoft employees Charles Simonyi and Ross Perot, Jr. will be announced officially in Seattle on Tuesday.
According to Fox News, asteroid mining can be done in various forms from sending people directly to an asteroid in a spacecraft to explore or to created a robotic device to direct or transport the asteroid closer to Earth to make it more reachable.
Natural resources that could be found can be water, oxygen and metals, Fox wrote. NASA wrote a study that estimated a robotic spacecraft sent into space to bring an asteroid back to orbit would cost at least $2.6 billion.