Google are taking to space along with Titanic director James Cameron.

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Larry Page, Google CEO, along Sergy Brin and Exec Chairman Eric Schmidt have backed a space venture, which is tipped to be lurking for asteroids and other natural resources.

Microsoft’s Charles Simonyi and Ross Perot, Jr are also in on the venture which will examine the earth’s resource base.

The start up ‘Planetary Resources’, announced yesterday, will examine “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’,” according to a statement.

According to the Wall Street Journal, Planetary Resources will explore the feasibility of mining natural resources from asteroids.

The multi million dollar exploration venture also includes space entrepreneur Eric Anderson; former NASA mission manager Chris Lewicki and astronaut Tom Jones, Peter H. Diamandis will lead the commercial space venture “with a mission to help ensure humanity’s prosperity.”

Planetary Resources will create a new industry and a new definition of ‘natural resources’, it says, although was scant on precise detail, reckons it will save humanity.

All will be revealed at a news conference scheduled for tomorrow Tuesday, April 24 at the Museum of Flight in Seattle, however:

“Join us to learn about our mission and how we plan to revolutionize current space exploration and help ensure humanity’s prosperity for generations to come.”