April 19th, 2012
10:19 AM ET
James Cameron’s next big project may literally be out of this world.
According to reports, the “Titanic” filmmaker may be joining forces with other high-profile investors to create a new space resource venture.
The project, referred to as Planetary Sources, apparently seeks to expand the earth’s resource base, causing some to wonder if that'll involve asteroid mining, reports MSNBC.
A press conference on Planetary Sources is slated to be held next Tuesday at the Museum of Flight in Seattle.
Other investors are said to include Google co-founders Larry Page and Eric Schmidt, former Microsoft exec Charles Simonyi and Ross Perot Jr. (yep, the son of the former presidential candidate).
A brief statement on the venture was posted recently on MIT’s Technology Review website, which notes that the venture is also intended to be an investment in space exploration.
"The company will overlay two critical sectors — space exploration and natural resources — to add trillions of dollars to the global GDP," the statement says. "This innovative start-up will create a new industry and a new definition of ‘natural resources.'”
It looks like filmmaker Cameron is striking while the iron’s hot: not only has the 3-D re-release of “Titanic” performed well at the global box office, but he also recently made history when he took a mini-submarine he designed to the deepest known point in the world's oceans.
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