Wednesday, November 30, 2022
Home SCIENCE Mining on the moon: regulation of companies planning to sell moon rocks

Mining on the moon: regulation of companies planning to sell moon rocks

Various companies are making plans to mine and sell lunar resources, such as rocks and water ice. Now the race begins to agree on a legal framework that is fair to all.

Space


September 13, 2022

Companies hope to make a mint out of lunar resource extraction

NASA/Ryan Wills

BILL NELSON, the NASA administrator, smiled for the cameras as he handed a check to Justin Cyrus, the head of a company called lunar outpost. The amount? Just 10 cents. This moment last year was partly a marketing stunt. But in its own weird way, it was also a legitimately important milestone: It marked the first time that a government agency, or anyone else, had signed an agreement to buy natural resources in space.

If all goes according to plan, later this year Lunar Outpost will use a rover to collect some lunar dust, take a picture of it, and officially transfer ownership of the material to NASA. In exchange, the agency will pay an additional fee, this time 90 cents to make a round dollar.

The sums may be small, but this is the beginning of a new era for humanity, one in which the buying and selling of resources will extend beyond our home planet for the first time. And while Lunar Outpost appears to be one of the first companies to make money on the moon, others will soon follow. US plans to return people to the lunar surface rely heavily on partnerships with companies.

This article is part of a special bundle where we explore:

there is only…

[ad_2]

RELATED ARTICLES

How will the men’s World Cup footballers cope with the heat of Qatar?

The first match of the men's soccer World Cup kicked off in Qatar on November 20, when temperatures were expected to hover around 30°C...

Astronomer Launch Stunning New View of the Orion Nebula

The famous Orion Nebula can be seen with the naked eye as a blurry patch surrounding the star Theta Orionis in Hunter's Sword, below...

Stories from ancient Mesopotamia | Sciences

A historian explores the remarkable early civilizations of the Near East, from Uruk to Babylon.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Georgia Supreme Court reinstates state ban on abortions after about six weeks of pregnancy

Georgia Supreme Court reinstates state ban on abortions after about six weeks of pregnancy

Adderall and amoxicillin shortages raise questions about transparency at Big Pharma

Critical shortages of the ADHD drug Adderall and the antibiotic amoxicillin have left families reeling as the medications their loved ones need become harder...

Humberside Police judged ‘outstanding’ five years after being classified as failing | politics

A police force has gone from being classified as a failure five years ago to receiving the highest ratings in the modern era from...

Readers discuss Trump devotees, Republican love of guns and healthy eating – New York Daily News

Medford, LI: On successive news days this Thanksgiving week, I read that US Attorney General Merrick Garland has appointed a special prosecutor to investigate...