Planetary Resources Falls Back on Kickstarter For Funding

Back Us On Kickstarter, Planetary Resources

"To offer you a chance to actually get involved, we've been tossing around the idea of adding additional capacity in our production run, and either offering you access to a portion of our of our orbiting spacecraft - or - if there's enough demand, actually build you an additional Space Telescope for your own use. We'd probably do this thru a Kickstarter campaign, but we ONLY if there's enough interest..."

Keith's note: This is bizzare. At the ISDC conference just a few weeks ago Eric Anderson from Planetary Resources was positively bragging about how much money they had. A room full of people heard him say this. Now they are asking for people to fund their ultra low cost telescopes on Kickstarter? What happened? Where did all those billionaires (and their money) go? Given that there is no hardware yet (just press releases), will the Kickstarter funds be used to fund hardware development or just to buy copies?

Keith's update: Clarification: I'm all for crowdfunding and crowdsourcing (I'm actually a big fan) but it is a little strange that this company announces itself with immense fanfare as being well-funded by ultra-rich people and then, before anything is event built or launched, they decide to use crowdfunding. It seems that their business model is a bit confused and is still evolving.

Mystery Billionaire-backed Space Company To Be Announced, earlier post

Keith's note: What's really ridiculous is how these billionaires are charging attendees at their press event $25 each. You have to wonder how much they are putting into this if they charge admission to press conferences ...

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This page contains a single entry by Keith Cowing published on June 21, 2012 11:12 PM.

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