Commercial Spaceflight And The Dawning Age of NewSpace

New Law Unlikely To Settle Debate on Space Resource Rights | SpaceNews.com

WASHINGTON — Language in a new commercial space law that grants companies rights to resources they extract from asteroids and other solar system bodies provides them with some certainty, but they acknowledge that the law is likely not the last word on the issue.

The President signed into law Nov. 25 the U.S. Commercial Space Launch Competitiveness Act, the final version of a commercial space bill approved by the House and Senate earlier in the month. Most of the bill is devoted to issues regarding commercial space transportation, including extensions of third-party launch indemnification and restrictions on regulations regarding safety of commercial spaceflight participants.

One section of the new law, though, that has received a large amount of attention is the part about space resources. That section states that U.S. citizens shall have rights to any resources they extract from asteroids, moons or other bodies, “including to possess, own, transport, use, and sell” those resources.

Sourced through Scoop.it from: spacenews.com

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