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Space telescope funded by public donations meets $1 million goal

Public donors giving between $10 and $10,000 each have hit a $1 million crowdfunding goal for ARKYD, the pint-size space telescope that can be used by schools and enthusiasts alike.

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An ARKYD telescope orbiting Earth is shown in this artist's rendering. A privately owned asteroid-mining firm launched the effort to crowdfund the project.

Planetary Resources/Reuters

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Space telescopes are not just for pros anymore.

The first space observatory paid for in part by public donations has hit its initial $1 million fundraising goal, putting the project on track for launch in 2015.

The telescope, dubbed ARKYD, is a munchkin compared with the venerable Hubble Space Telescope or its successor, the James Web Space Telescope. ARKYD's light-gathering mirror is only about 8 inches across, compared with Hubble's 13-foot mirror or the 21-foot mirror of the James Webb telescope, slated for launch in October 2018.

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But ARKYD holds the potential to offer something these others don't – time on an orbiting observatory for anyone from an elementary-school student to professional scientists whose research goals range from studying asteroids to hunting for planets outside our solar system.

The project is the first step toward Planetary Resources, Inc.'s ultimate aim of mining asteroids. The company intends to incorporate such an instrument into spacecraft that initially would rendezvous with an asteroid passing relatively close to Earth and later reach asteroids farther away.

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