The Asteroid Mining Company

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The Asteroid Mining Company
The Asteroid Mining Company

    Peter Marquez, Vice President for Global Engagement
    March 2015
           Peter Marquez
Vice President, Global Engagement
pmarquez@planetaryresources.com
                                             resources@planetaryresources.com
          @interplanetary                       www.planetaryresources.com
The Asteroid Mining Company
Huge Problem
Access to Resources is the Rate Limiting Step of Our Species

                          ABUNDANCE 360
The Asteroid Mining Company
Challenge-1: PGM Scarcity & Pricing

          Air pollution from cars is
          solvable by platinum-
          intensive technologies

          PGM’s are
          ‘siderophilic’ (iron loving)
          metals that sank to Earth’s
          core during formation.

 PGM demand is going to triple in 30 years at constant PGM price
                                                   *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

                                         ABUNDANCE 360
The Asteroid Mining Company
Challenge-2: Fuel in Space is Expensive

                                                            $2–3 Billion
                                                   =	
  
        LEO                              GEO
                                                            Annual market today
      $4M / ton   Cost to reach GEO   $20M / ton

                                                                   x10
                                                              Expected growth
                                                           to $20-30 Billion in the
                                                                next 10 years

                                 ABUNDANCE 360
The Asteroid Mining Company
Vision
Advancing Technologies open new frontiers, and
unlock access to resources once seen as “impossible”
to harvest economically:
Ø   Hall-Heroult process ! Aluminum boom
Ø   Hydraulic Fracturing ! Shale natural gas boom
Ø   Deep-water Drilling! Deep sea oil boom

                         ABUNDANCE 360
The Asteroid Mining Company
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.                                     6
The Asteroid Mining Company
Technology has a history of unlocking resources
Space Resources made accessible by Planetary Resources

 “State-of-the-Art”: $1 Billion                  Arkyd “Space Drone”: $5 Million

         300,000 Part count                                  300 Part count
     Workforce of 1,000 engineers                       Workforce of 40 engineers
     “One of a kind”, single craft                   Mass produced, swarm spacecraft
      Uses Deep Space Network                          High bandwidth laser comm
                                     ABUNDANCE 360
                                                           >90% built in-house
The Asteroid Mining Company
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
The Asteroid Mining Company
Planetary Resources’ Business Strategy:

   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
The Asteroid Mining Company
PRI’s BOLD mission drives innovation in
                                                                                  four key technology areas:
1                                                                                                          2                                                            3                                4
                 Laser                                                                                                          Infrared                                    Autonomous Swarm                       3D Printed
             Communications                                                                                                     Sensors                                          Software                          Propulsion
     No Deep Space Network; High                                                                                       Detection of water-ice                                                                Reduction of 15,000 parts into
                                                                                                                                                                             Reliability in deep-space
             bandwidth                                                                                                       signature                                                                                 15 parts
             Multi&Functional,Optical,Subsystem,Enabling,Optical,Communication,on,Small,Satellites,
                                                       ,
ARKYD,ASTRONAUTICS,,INC., ,                            ,                           Proposal,No:,T4.01&9919,    ,
A,PLANETARY,RESOURCES,COMPANY, ,                       ,                                                  ,

                         Figure!2.4:!Arkyd!Optical!Communications!Testbed!Facility

                                                                Each of these four key Technology areas is able
                                                                to drive large, near-term revenues independent
                                   Figure!2.5:!Testbed!Tip/Tilt!Assembly

                                                                           of the Asteroid Prospecting.
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:
                                                                                                                                                        ABUNDANCE 360
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,                                                    ,                                                    ,    ,   ,    ,   ,    ,   ,   ,   ,   ,,,,,,Page,10,of,47,
PRI’s BOLD mission drives innovation in
                                                                                  four key technology areas:
1                                                                                                          2                                                                3                                4
                 Laser                                                                                                              Infrared                                    Autonomous Swarm                       3D Printed
             Communications                                                                                                         Sensors                                          Software                          Propulsion
     No Deep Space Network; High                                                                                          Detection of water-ice                                                                 Reduction of 15,000 parts into
                                                                                                                                                                                 Reliability in deep-space
             bandwidth                                                                                                          signature                                                                                  15 parts
             Multi&Functional,Optical,Subsystem,Enabling,Optical,Communication,on,Small,Satellites,
                                                       ,
ARKYD,ASTRONAUTICS,,INC., ,                            ,                           Proposal,No:,T4.01&9919,       ,
A,PLANETARY,RESOURCES,COMPANY, ,                       ,                                                  ,

                         Figure!2.4:!Arkyd!Optical!Communications!Testbed!Facility

                                             These four technologies offer robust near-term markets for PRI:
A                                                                                                             B                                                             C                                D
                   Components &                                                                                       Space Situational                                                                                Asteroid
                                                                                                                                                                                Space Sensor Drones
                     Software      Figure!2.5:!Testbed!Tip/Tilt!Assembly                                                 Awareness                                                                                    Prospecting
Task!3:!Establish!proof@of@concept!for!ExoplanetSat@derived!stabilization!and!correction!concept!

                Market: $100s Millions
Task,3,represented,the,keystone,of,the,Phase,I,work,effort,,and,combined,the,talents,of,both,Arkyd,and,                        Market: $ Billions                                  Market: $10s Billions             Market: $100s Billions
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:
                                                                                                                                                            ABUNDANCE 360
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Arkyd Technology/Launch Roadmap
      2015                       2016                         2017                    2018
  Core Tech Demos          Instrument Capability      Demo Asteroid Mission   1st Customer Prospecting

Two Launches in 2015:     Arkyd-100: first deep-      Arkyd-200: deep-space   Arkyd-300: First
Arkyd-3: Q1 2015 Launch   space capable vehicle       demonstration           prospecting and claim
Arkyd-6: Q3 2015 Launch

                                              ABUNDANCE 360
Company Valuation Growth
   Phase I          Phase 2                    Phase 3         Phase 4
   (today)
                                                           $ 100’s billions

                                       Prospecting Data      Harvest Best
Low Cost Space   Infrared Data and
                                      to Claim Best Real   Resources in Solar
   Systems         Optical Relay
                                        Estate in Space        System

                                         $ 10’s billions

                  $ 1’s billions
 $300 million
                               ABUNDANCE 360
Team
             Eric Anderson                                                                                                               Peter Diamandis
             Co-Founder, Co-Chairman and CEO                                                                                             Co-Founder and Co-Chairman

              ●    The entrepreneur widely credited with starting the commercial                                                         ●    Pioneer in the commercial space arena, having co-founded Space
                   human spaceflight industry. As CEO and Co-founder of Space                                                                 Adventures, Zero-G and International Space University
                   Adventures, sold $700M in commercial spaceflights                                                                     ●    Chairman and CEO of the X PRIZE Foundation and the Executive
              ●    Served as Chairman of Commercial Spaceflight Federation                                                                    Chairman of Singularity University
              ●    Magna cum laude with a B.S. in Aerospace Engineering from the                                                         ●    Engineering degrees from MIT, MD from Harvard
                   University of Virginia                                                                                                ●    Author of New York Times best seller ABUNDANCE

             Chris Lewicki                                                                                                               Chris Voorhees
             President and Chief Engineer                                                                                                VP of Spacecraft Development

             ●    First JPL flight director under 30                                                                                      ●   NASA JPL Lead Mechanical Engineer
             ●    Led the two most successful missions to Mars in NASA’s history                                                          ●   Curiosity Rover Chief Engineer
             ●    First driver of Spirit and Opportunity rovers                                                                           ●   Led team that assembled Spirit Mars Rover
             ●    Mission manager for the Phoenix Lander, a third half-billion dollar                                                     ●   Designer of Spirit/Opportunity Mobility (wheels)
                  mission to Mars                                                                                                         ●   Designer of first subsurface penetrator and soil drill for Mars
             ●    NASA’s Highest Honor for Excellence, twice                                                                              ●   NASA’s Exceptional Achievement Award
             ●    Asteroid 13609 Lewicki named in his honor                                                                               ●   NASA’s Exceptional Engineering Achievement Award

                                                                                                                                                                                         + 30 top/world-class
Senior                                                                                                                                                                                engineering professionals
Leadership                                                                                                                                                                             from JPL, Intel, SpaceX,
                                                                                                                                                                                      Google, and other silicon
                       Joe Landon                Peter Marquez              Frank Mycroft               Peter Illsley             Ray Ramadorai                Marc Allen
                  Chief Financial Officer   VP of Global Engagement         VP of Strategy    Principal Mechanical Engineer Principal Avionics Engineer Principal Software Engineer
                                                                                                                                                                                          valley companies
                  HBS / Boeing Satellites    US Space Policy Director   HBS/Stanford/McKinsey JPL Lead Integration Engineer    Intel Core i7 Architect JPL Flight Software Engineer

                                                                                                  ABUNDANCE 360
I see the same potential in Planetary Resources
World Class Investor Team                                                                       as I did in the early days of Google.
                                                                                                                                         —Ram Shriram

                                                                                          STRATEGIC INVESTORS

                                                                                Additive manufacturing   Investing space as the next high-
                                                                                 spacecraft structures      growth construction market

    Eric Schmidt            H. Ross Perot, Jr              Larry Page           3D Systems (DDD)           Bechtel Corporation
    Google Chairman        Hillwood Group Chairman          Google CEO           Avi Reichental, CEO         Riley Bechtel, Chairman

                                                                                           VENTURE INVESTORS

    Ram Shriram             Charles Simonyi             Richard Branson
Google Founding Investor   Chief Architect, Microsoft   Virgin Group Chairman

                                                             ABUNDANCE 360
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