Owning Asteroids

Embed from Getty Images While asteroid mining is still just science fiction, companies such as Planetary Resources are already preparing to mine the sky. While space mining sounds awesome, lawyers
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Embed from Getty Images While asteroid mining is still just science fiction, companies such as Planetary Resources are already preparing to mine the sky. While space mining sounds awesome, lawyers are already hard at work murdering the awesomeness with legalize. President Obama recently signed the U.S. Commercial Space Launch Competitiveness Act which seems to make asteroid mining legal. The key part of the law is that “Any asteroid resources obtained in outer space are the property of the entity that obtained them, which shall be entitled to all property rights to them, consistent with applicable federal law and existing international obligations.” More concisely, the law makes it so that asteroid mining by U.S. citizens would not violate U.S. law. While this would seem to open up the legal doors to asteroid mining, there are still legal barriers. The various space treaties, such as the Outer Space Treaty of 1967, do not give states sovereign rights in space. As such, there is no. . .

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News source: Talking Philosophy

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