Americans Can Now Legally Mine Asteroids

President Obama Signs Bill Recognizing Asteroid Resource Property Rights into Law, Planetary Resources

"Planetary Resources, the asteroid mining company, applauds President Obama who signed the U.S. Commercial Space Launch Competitiveness Act (H.R. 2262) into law. This law recognizes the right of U.S. citizens to own asteroid resources they obtain and encourages the commercial exploration and utilization of resources from asteroids."

U.S. space-mining law seen leading to possible treaty violations, CBC

"My view is that natural resources [in space] should not be allowed to be appropriated by anyone states, private companies, or international organizations," said Ram Jakhu, a professor at McGill University's institute of air and space law. He said the 1967 Outer Space Treaty, signed by the U.S. and other countries, including Canada, makes it clear that the surfaces and contents of asteroids and other celestial bodies are protected from commercial harvesting."

The commercial space race, Ottawa Citizen

"If asteroids cannot be appropriated by any state, they can also never be owned by a company, and that includes parts of an asteroid that might be extracted. Any notion of property law which would allow a person to possess, use or sell an object, depend upon the existence of a sovereign jurisdiction. The U.S. cannot give away what it does not own."

Obama boosts asteroid mining, signs law granting rights to own space riches, Mining.com

"It remains unknown whether the unilateral move by the U.S. to claim space ownership is valid. According to the Outer Space Treaty, signed by the U.S., Russia, and a number of other countries, nations can't own territory in space. "Outer space shall be free for exploration and use by all States," the treaty says, adding that "outer space is not subject to national appropriation by claim of sovereignty, by means of use or occupation, or by any other means." The new law, however, does include a very important clause, as it clarifies that it does not grant "sovereignty or sovereign or exclusive rights or jurisdiction over, or the ownership of, any celestial body."

  • submit to reddit


Loading




Join our mailing list




Monthly Archives

About this Entry

This page contains a single entry by Keith Cowing published on November 28, 2015 3:02 PM.

If This Can Happen to NOAA, It Can Happen to NASA was the previous entry in this blog.

Lack of Diversity Among National Space Society Award Nominees is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.