Who owns what in outer space?

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?

Read more at economist.com

Image Credit:  © SPL

News This Week

Scientists Use Light to Control Nanobots

If nanotechnology has one clear image in the collective pop-culture consciousness, it is that of nanorobots, nanoscale machines capable of performing mechanical functions. When considering the potential of such a technology, the more astute may [...]

10 Steps to Adopting Artificial Intelligence in Your Business

Artificial intelligence (AI) is clearly a growing force in the technology industry. Chatbots and virtual assistants are becoming a key part of new products, and robots are taking center stage at conferences and showing [...]

Arguing the Pros and Cons of Artificial Intelligence in Healthcare

In what seems like the blink of an eye, mentions of artificial intelligence have become ubiquitous in the healthcare industry. From deep learning algorithms that can read CT scans faster than humans to natural [...]

International Conference On Nanomedicine And Nanobiotechnology – ICONAN Rome 2018

The International Conference On Nanomedicine And Nanobiotechnology is an annual event. It hosts high-profile plenary speakers, world-class researchers, oral and poster presentations, workshops, sponsor exhibits and afterworks. It is a great opportunity to share [...]

Australian Scientists Develop Nanotechnology To Purify Water

SYDNEY, (UrduPoint / Pakistan Point News, app - 14th Sep, 2018 ) :Scientists in Australia have developed a ground-breaking new way to strip impurities from waste water, with the research set to have massive [...]

A new scientific field: Quantum metamaterials

Two teams of scientists from the Technion-Israel Institute of Technology have collaborated to conduct groundbreaking research leading to the development of a new and innovative scientific field: Quantum Metamaterials. The findings are presented [...]

Using biosensors to deliver personalized doses of antibiotics

A team of eight EPFL students has come up with a portable biosensor that can measure the amount of vancomycin in a patient's blood stream, enabling doctors to better control the dosage and reduce [...]

Transparent high-resolution EEG array allows brain imaging

Researchers have developed a see-through, dual-layered, mesh EEG device which is capable of measuring the electrical activity of individual neurons… Researchers from Boston Children’s Hospital and Northeastern University developed a ‘see-through’ EEG device to [...]

2018-06-21T10:25:18+00:00

Leave A Comment