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Keyword: dominicbasulto

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  • How property rights in outer space may lead to a scramble to exploit the moon’s resources

    11/18/2015 9:17:32 AM PST · by Theoria · 15 replies
    The Washington Post ^ | 18 Nov 2015 | Dominic Basulto
    This week the U.S. House of Representatives passed legislation known as the SPACE Act of 2015 (The U.S. Commercial Space Launch Competitiveness Act), which recognizes and promotes the rights of U.S. companies to engage in the exploration and extraction of space resources from asteroids and other celestial bodies. That’s a huge win for private space exploration companies, especially for companies with upcoming plans to tap into the economic potential of the moon. That’s because the legislation, in its definition of “space resources,” is sufficiently broad to include resources found on the lunar surface. In short, the moon could now be...