Peter Marquez, Vice President for Global Engagement March 2015
Peter Marquez Vice President, Global Engagement [email protected] [email protected] @interplanetary www.planetaryresources.com
Huge Problem Access to Resources is the Rate Limiting Step of Our Species
ABUNDANCE 360 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 Challenge-2: Fuel in Space is Expensive
LEO GEO $2–3 Billion 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 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 aluminum 13 Al
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 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 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 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
“ Why Asteroid Mining? Why Now?
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 Multi&Functional,Optical,Subsystem,Enabling,Optical,Communication,on,Small,Satellites, Reliability in deep-space , ARKYD,ASTRONAUTICS,,INC., , bandwidth, Proposal,No:,T4.01&9919, , signature 15 parts A,PLANETARY,RESOURCES,COMPANY, , , ,
Figure!2.4:!Arkyd!Optical!Communications!Testbed!Facility
Each of these four key Technology areas is able
Figure!2.5:!Testbed!Tip/Tilt!Assemblyto drive large, near-term revenues independent
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, of the Asteroid Prospecting. 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 Page,10,of,47, , , , , , , , , , , , ,,,,,,Page,10,of,47, Why Asteroid Mining? Why Now?
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 Multi&Functional,Optical,Subsystem,Enabling,Optical,Communication,on,Small,Satellites, Reliability in deep-space , ARKYD,ASTRONAUTICS,,INC., , bandwidth, Proposal,No:,T4.01&9919, , signature 15 parts 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 SoftwareFigure!2.5:!Testbed!Tip/Tilt!Assembly Awareness 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,Market: $100s Millions 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 Page,10,of,47, , , , , , , , , , , , ,,,,,,Page,10,of,47, 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 valley companies Chief Financial Officer VP of Global Engagement VP of Strategy Principal Mechanical Engineer Principal Avionics Engineer Principal Software Engineer 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 as I did in the early days of Google. World Class Investor Team —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