In 2015 Congress passed a law to legalise mining in outer space—the first of its kind in the world.
Firms that some day manage to mine asteroids for resources like water or precious metals would henceforth be allowed to own, process, and sell anything harvested. The nascent space-mining industry was thrilled. The boss of a firm called Planetary Resources compared it to the Homestead Act of 1862—a law that gave up to 160 acres in the American West to any plucky settler willing to venture forth.
More recently Wilbur Ross, the commerce secretary, has talked about creating a more “permissive” regulatory environment in space and turning the moon into a “gas station” for further exploration. Other countries are following suit: Luxembourg passed a similar measure last year and earmarked €200m to invest in space-mining companies.
But not everyone is pleased. At the UN committee dealing with outer space, Russia condemned the American move, citing America’s “total disrespect” for international law. Critics say America is conferring rights that it has no authority to confer. There are indeed legal grey areas.
Who owns what in outer space?
Image Credit: © SPL
News This Week
NanoMedical Brain/Cloud Interface – Explorations and Implications. A new book from Frank Boehm
New book from Frank Boehm, NanoappsMedical Inc Founder: This book explores the future hypothetical possibility that the cerebral cortex of the human brain might be seamlessly, safely, and securely connected with the Cloud via [...]
Our books now available worldwide!
Online Sellers other than Amazon, Routledge, and IOPP Indigo Global Health Care Equivalency in the Age of Nanotechnology, Nanomedicine and Artifcial Intelligence Global Health Care Equivalency In The Age Of Nanotechnology, Nanomedicine And Artificial [...]
Ryugu asteroid samples contain all DNA and RNA building blocks, bolstering origin-of-life theories
All the essential ingredients to make the DNA and RNA underpinning life on Earth have been discovered in samples collected from the asteroid Ryugu, scientists said Monday. The discovery comes after these building blocks [...]
Is Berberine Really a “Natural Ozempic”?
Often labeled a “natural Ozempic,” berberine is widely discussed as a metabolic aid. Yet research suggests its influence may lie deeper. In recent years, berberine has gained significant attention as a supposed “natural way” [...]
Viagra Ingredient Shows Promise for Rare Childhood Brain Disease in Surprising Study
A rare childhood disease with no approved treatment may have an unexpected new therapeutic candidate. Sildenafil, the active ingredient also sold under the brand name Viagra, may help reduce symptoms in people with Leigh [...]
In a first for China, Neuracle’s implantable brain-computer interface wins approval
In a landmark development, Neuracle Medical Technology has secured the country’s first-ever approval for an implantable brain-computer interface (BCI) system designed to restore hand motor function in patients with spinal cord injuries, in a [...]
A Cambridge Lab Mistake Reveals a Powerful New Way to Modify Drug Molecules
A surprising lab discovery reveals a light-powered way to tweak complex drugs faster, cleaner, and later in development. Researchers at the University of Cambridge have created a new technique for altering complex drug molecules [...]
New book from NanoappsMedical Inc – Molecular Manufacturing: The Future of Nanomedicine
This book explores the revolutionary potential of atomically precise manufacturing technologies to transform global healthcare, as well as practically every other sector across society. This forward-thinking volume examines how envisaged Factory@Home systems might enable the cost-effective [...]
Leave A Comment