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James Cameron and a couple of guys from Google, namely Larry Page, and Eric Schmidt are collaborating for a space venture to possibly mine asteroids.

The venture called Planetary Resources Inc., plans to “overlay two critical sectors — space exploration and natural resources — to add trillions of dollars to the global GDP” and “help ensure humanity’s prosperity,” according to a press release issued by the company this week.

Planetary Resources was co-founded by former NASA Mars Mission Manager Eric Anderson and Peter Diamandis. Among others backing the company are Charles Simonyi, a former top exec at Microsoft, and K.Ram Shriram, a Google director and Ross Perot Jr., son of billionaire H. Ross Perot.