Now that he's done exploring the vast depths of our planet's oceans, James Cameron is looking towards the stars. The Avatar director has signed a deal with  Google's chairman Eric Schmidt and co-founder Larry Page for a space exploration venture called Planetary Resources to be announced next Tuesday, reports Huffington Post.

According to a press release, Planetary Resources will: 

"Combine the sectors of 'space exploration and natural resources' in a venture that could add 'trillions of dollars to the global GDP.'

How that's to be done, we're not sure, but The Wall Street Journal reported on Friday that the company would explore the possibility of mining for resources from old asteroids. 

[via Huffington Post]