When was Planetary Resources founded?

Planetary Resources was founded in 2010 and raised its 1st funding round 2 years after it was founded.

Where is Planetary Resources located?

Planetary Resources is headquartered in Redmond, United States.

How many employees does Planetary Resources have?

As of Jul 31, 2026, the latest employee count at Planetary Resources is 2.

Is Planetary Resources a funded company?

Planetary Resources is a funded company, having raised a total of $49.6M across 5 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on Apr 18, 2012.

When was the latest funding round of Planetary Resources?

Planetary Resources' latest funding was a $***** Series A round on Nov 15, 2016, with participation from 8 investors. Its primary sector is Space Tech. In United States, the Space Tech sector has seen $5.91B in funding in 2026 to date.

Where does Planetary Resources rank among its competitors?

Planetary Resources ranks 4th amongst 13 active competitors, of which 4 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Fleet Space, which secured $100M in Dec, 2024.

Who are the top competitors of Planetary Resources?

Planetary Resources' top competitors include Fleet Space, AstroForge and TransAstra. Among them, Fleet Space secured the most recent funding round in December, 2024.

Planetary Resources - 2026 Company Profile, Team, Funding & Competitors

Planetary Resources is an acqui-hired company based in Redmond (United States), founded in 2010 by Peter H Diamandis. It operates as a Satellite and space-craft manufacturers for asteroid mining and space exploration. Planetary Resources has raised $49.6M in funding from OS Fund. The company has 13 active competitors, including 4 that are funded. Its top competitors include companies like Fleet Space, AstroForge and TransAstra.

Company Details

Planetary Resources design and manufactures small satellites and spacecraft that can help space exploration missions to mine and use fuel from asteroids. The company is also working on building identify asteroid for mining purposes. Currently the company is working on futuristic projects like Rocket Propellant, the company intends to use water as propellant source in space; Life Support, working on design to transport large quantities of water to space; and Metal, its long term plan include mining metal and fuel from asteroids. Their spacecraft uses the laser-optical technology for ground communications and hereby reduces bulk over conventional systems.

Website: planetaryresources.com
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Key Metrics

Founded Year

2010

Location

Redmond, United States

Stage

Acqui-Hired

Total Funding

$49.6M in 5 rounds

Latest Funding Round

Series A, Nov 15, 2016, $*****

Investors

OS Fund & 18 more

Ranked

4^th among 13 active competitors

Employee Count

2 as on Jul 31, 2026

Similar Companies

Fleet Space & 14 more

View Planetary Resources' full profile

Planetary Resources has raised a total funding of $49.6M over 5 rounds. Its first funding round was on Apr 18, 2012. Its latest funding round was a Series A round on Nov 15, 2016 for $*****. 8 investors participated in its latest round. Planetary Resources has 18 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Planetary Resources:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 15, 2016	4939177	Series A	3525020	7387938	1897918	3079366
Nov 03, 2016	3243054	Series A	7144208	7179902	4537769	Luxembourg
Nov 03, 2016	4002598	Grant (prize money)	7912146	3184396	8429697	SNCI

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View details of Planetary Resources's funding rounds and investors

The founders of Planetary Resources is Peter H Diamandis.

Here are the details of Planetary Resources' key team members:

Peter H Diamandis: Co-founder & Co-Chairman of Planetary Resources and founder of 10 other companies, including Nokia Sensing XCHALLENGE, Human Longevity and SingularityHub. They are also an angel investor in 6 startups.

View details of Planetary Resources's Founder profiles and Board Members

Planetary Resources' employee count trend

Planetary Resources has 2 employees as of Jul 26. Here is Planetary Resources's employee count trend over the years:

Employee count trend for Planetary Resources

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Top competitors of Planetary Resources include Fleet Space, AstroForge and TransAstra. Here is the list of Top 10 competitors of Planetary Resources, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Fleet Space 2018, Adelaide (Australia), Series D	Developer of space-enabled platform delivering integrated data for mineral exploration	$167M	Blackbird Ventures, Grok Ventures & 15 others	63/100
2nd	AstroForge 2022, Seal Beach (United States), Series A	Operator of spacecraft for deep space asteroid tracking and resource extraction	$56M	Initialized Capital, Nova Threshold & 11 others	55/100
3rd	TransAstra 2015, Los Angeles (United States), Funding Raised	Developer of satellites and space equipment	-	Lucas Venture Group, Andover & 5 others	48/100
4th	Planetary Resources 2010, Redmond (United States), Acqui-Hired	Satellite and space-craft manufacturers for asteroid mining and space exploration	$49.6M	Bayrock, Sherpalo Ventures & 17 others	40/100
5th	Origin of space 2017, Nanjing (China), Seed	Offers space exploration services and utilization of space resources	$7.05M	Linear Venture, Matrix Partners China & 2 others	37/100
6th	Deep Space Industries 2012, Houston (United States), Acqui-Hired	Asteroid mining	$4.75M	Space Angels, SpaceFund & 2 others	29/100
7th	Asteroid Mining Corporation 2016, Liverpool (United Kingdom), Unfunded	Asteroid Mining Corporation - To redefine mining tomorrow and beyond	-	-	28/100
8th	Magna Petra 2023, United States, Unfunded	Developer of mining and refining materials for moon and mars	-	-	25/100
9th	Solar System Resources 2020, Krakow (Poland), Seed	Developer of a space mining services platform	-	USNuclearCorp	24/100
10th	Interstellar Mining 2019, Toronto (Canada), Unfunded	Provider of robotic mining solutions on the lunar surface	-	-	24/100