M
markomalley
Guest
From Space Magazine:
Several well-known billionaires are forming the new company Planetary Resources with plans to send a robotic spacecraft to mine precious metals from an asteroid and bring them back to Earth. Google executives Larry Page and Eric Schmidt and their business partners say the enterprise will “add trillions to the global GDP.”
But to whom do those trillions belong — the company, or everyone? Does a private company have a right to stake claim to an asteroid, or are celestial bodies such as the moon, planets and asteroids the communal property of all Earthlings?
“The law on this is not settled and not clear,” said Henry Hertzfeld, professor of space policy and international affairs at George Washington University. “There are lots of opinions on the status here, and nobody is necessarily right because it’s complicated.”
The legal ambiguity hasn’t needed to be addressed before, Hertzfeld said, because no company has previously come forward with a serious asteroid mining mission plan and the funds to back it. When the debate over space property rights is forced to ensue, old international wounds will likely be reopened.
Figures…the leftists are perfectly fine with some entrepreneurs investing billions into a project…but heaven forbid that they would be allowed to profit from the capital they put at risk.
With attitudes like that, we would still be writing (not typing) by candlelight.
Several well-known billionaires are forming the new company Planetary Resources with plans to send a robotic spacecraft to mine precious metals from an asteroid and bring them back to Earth. Google executives Larry Page and Eric Schmidt and their business partners say the enterprise will “add trillions to the global GDP.”
But to whom do those trillions belong — the company, or everyone? Does a private company have a right to stake claim to an asteroid, or are celestial bodies such as the moon, planets and asteroids the communal property of all Earthlings?
“The law on this is not settled and not clear,” said Henry Hertzfeld, professor of space policy and international affairs at George Washington University. “There are lots of opinions on the status here, and nobody is necessarily right because it’s complicated.”
The legal ambiguity hasn’t needed to be addressed before, Hertzfeld said, because no company has previously come forward with a serious asteroid mining mission plan and the funds to back it. When the debate over space property rights is forced to ensue, old international wounds will likely be reopened.
Figures…the leftists are perfectly fine with some entrepreneurs investing billions into a project…but heaven forbid that they would be allowed to profit from the capital they put at risk.
With attitudes like that, we would still be writing (not typing) by candlelight.