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A Long Beach aerospace firm is betting on a new industrial boom: capturing asteroids 1 / 2 [Yahoo! Finance Canada]

Alphabet Inc. - Class C Capital Stock (GOOG) 
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It's a gamble of millions of dollars and the professional reputation of the Long Beach-based ExLabs that it doesn't miss. The company, which operates out of a 30,000-square-foot warehouse near Long Beach Airport, is scheduled to design a spacecraft set to be launched in April 2028. Its target: a passing asteroid. The launch will take place when the asteroid is as close as it will come to Earth — about 32,000 kilometers away — when it dips below satellites and near enough to be seen by the naked eye. It will take a year from the point of launch for the ship to catch up with the asteroid, named Apophis, as it shoots past the planets and loops back, with the goal to make contact on April 13, 2029. The asteroid, originally found in 2004, isn't expected to return again until 2036. “We just chose that because it's such a unique time and moment in human history,” said ExLabs co-founder James Orsulak. “We can't miss that.” The operation, given that it takes place so far from the Show less Read more
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