Meanwhile, In Space: Asteroid Mining Startup Planetary Resources Inks Deal With Virgin Galactic

When youre a tech startup attempting to do something as ambitious as mining asteroids in outer space, its good to make some well-placed friends.

So it makes sense that asteroid mining startup Planetary Resources has inked an agreement with private space flight company Virgin Galactic to utilize its new LauncherOne, a product purportedly designed to send satellites into space cheaper and much more efficiently than the status quo.

Under the terms of the deal, LauncherOne will provide launch capabilities for Planetary Resources Arkyd series of spacecraft, which are meant to explore and potentially mine and develop asteroids that are close to Earth.

Startups are notoriously competitive with one another, so its kind of fun to see two companies in the same space (really, no pun intended there)... [via TechCrunch]