People don’t realize that we have an international agreement that doesn’t allow ownership of any natural bodies in space. Outer space has the same status as Antarctica.
Private industry will never be more than freight haulers and taxi drivers until they can lay claim to things they find in space.
I always liked Rush’s take on the Outer Space Treaty. Abolish it, and see what innovations occur. The first person to land on Mars OWNS it. Now That would satisfy even the jerkiest billionaire’s ego. Ha! You call that a yacht? I’ve got a frickin’ PLANET.