A powerful cabal of tech, media and aeronautics uber executives are set to reveal how their freshly launched company Planetary Resources, will scope for natural resources outside of planet earth.

The new entity, backed by Google co-founder Larry Page, Google chairman Eric Schmidt, Google board member K.Ram Shriram, filmmaker and adventurer James Cameron, former Microsofter Charles Simonyi and Ross Perot, Jr., will be officially unveiled in Seattle on Tuesday (U.S time).

Touted as a “new space venture with a mission to help ensure humanity's prosperity,” the company has a Facebook page, and web landing page but has given little away to the market other than in a press release issued last week flagging the launch event.

The project is being run by commercial space exploration experts Peter H. Diamandis, Eric Anderson, former NASA Mars mission manager Chris Lewicki and NASA astronaut Tom Jones.

The release states that the company will “overlay two critical sectors – space exploration and natural resources – to add trillions of dollars to the global GDP. This innovative start-up will create a new industry and a new definition of ‘natural resources’.”

Media speculation suggests that that the venture will embrace the emerging concept of mining near-Earth asteroids for resources and raw materials. ®