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Posts: 27143
Mar 2 16 8:36 PM
AFTER Neil Armstrong and Buzz Aldrin first walked on the surface of the moon in 1969, they planted the American flag firmly into the surface. While making for an iconic photograph, the act was purely symbolic as the 1967 Outer Space Treaty had declared “outer space is not subject to national appropriation by claim of sovereignty, by means of use or occupation, or by any other means”.Signed by 104 countries, the agreement essentially ensured no country could claim ownership over the moon and other celestial bodies.After being set in stone for close to half a century, the 1967 Outer Space Treaty is coming under scrutiny as a growing number of companies and organisations are working to make asteroid mining a reality within a couple of decades.It makes sense given famed astrophysicist Neil deGrasse Tyson’s comments about the asteroid mining industry at the 2014 South by Southwest festival.“The first trillionaire in the world is going to be the person who first mines asteroids,” he said.Viewed largely as an untapped pool of resources, asteroids and the moon contain precious minerals such as iron, titanium, platinum, water, helium-3 and nickel.
AFTER Neil Armstrong and Buzz Aldrin first walked on the surface of the moon in 1969, they planted the American flag firmly into the surface.
While making for an iconic photograph, the act was purely symbolic as the 1967 Outer Space Treaty had declared “outer space is not subject to national appropriation by claim of sovereignty, by means of use or occupation, or by any other means”.
Signed by 104 countries, the agreement essentially ensured no country could claim ownership over the moon and other celestial bodies.
After being set in stone for close to half a century, the 1967 Outer Space Treaty is coming under scrutiny as a growing number of companies and organisations are working to make asteroid mining a reality within a couple of decades.
It makes sense given famed astrophysicist Neil deGrasse Tyson’s comments about the asteroid mining industry at the 2014 South by Southwest festival.
“The first trillionaire in the world is going to be the person who first mines asteroids,” he said.
Viewed largely as an untapped pool of resources, asteroids and the moon contain precious minerals such as iron, titanium, platinum, water, helium-3 and nickel.
Read more @ http://www.news.com.au/technology/science/space/space-law-needs-an-overhaul-before-asteroid-mining-can-become-a-reality/news-story/039a3e275bfb9fab6c8467be90689443
Space law? For goodness sake there is a law for every little thing.... its getting ridiculous!
"What lies behind us and what lies before us are small matters compared to what lies within us." ~ Ralph Waldo Emerson ~
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