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April 28 2013

Asteroid-mining company planning to launch tiny test satellite in 2014


A billionaire-backed asteroid-mining company aims to start putting its big plans into action soon, launching its first hardware into space by this time next year.

Planetary Resources, which counts Google execs Larry Page and Eric Schmidt among its investors, plans to loft a set of tiny "cubesats" to Earth orbit in early 2014, to test out gear for its first line of asteroid-prospecting spacecraft.

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