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Summary Box: Company plans to mine asteroids

Tuesday - 4/24/2012, 4:00pm  ET

The Associated Press

(AP) - MINING ASTEROIDS: Space-faring robots could be extracting gold and platinum from asteroids within 10 years if a new venture, backed by Google CEO Larry Page and Executive Chairman Eric Schmidt and filmmaker James Cameron, gets off the ground as planned.

RESERVATIONS: Outside experts are skeptical about the project because it would probably require untold millions or perhaps billions of dollars and huge advances in technology.

NEXT UP: The inaugural step would be launching the first in a series of private telescopes that would search for the right type of asteroids.


(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)