Financially strapped Planetary Resources gets set to auction off equipment at HQ

Space

Planetary Resources is selling off equipment from its headquarters in Redmond, Wash. (GeekWire Photo / Kevin Lisota)

In a fresh sign of the financial straits facing Planetary Resources, the asteroid mining company will be auctioning off hundreds of items from its headquarters in Redmond, Wash., ranging from industrial-strength CNC machine tools and 3-D printers to laptops and folding chairs.

The online auction will be conducted by James G. Murphy & Co. from Aug. 21 to 28, with a preview scheduled on Aug. 27 at Planetary Resources’ machine shop, lab and offices at 6742 185th Ave. NE in Redmond.

“We are preparing to sell some equipment that we’ve identified as not currently needed and easily replaceable,” Chris Lewicki, Planetary Resources’ president, CEO and chief asteroid miner, told GeekWire in an email. “This is a result of reducing overhead as we go forward with our smaller team.”

Planetary Resources was founded in its present form in 2012, with initial backing from billionaires including Larry Page, Eric Schmidt, Ross Perot Jr. and Charles Simonyi. Over the past six years, the venture has raised tens of millions of dollars and sent two small experimental satellites into orbit. Those missions, Arkyd-3R and Arkyd-6A, were aimed at laying the groundwork for even more ambitious efforts to scout out near-Earth asteroids for valuable resources.