Space Mining Laws Set The Stage For Next Interplanetary Gold Rush

President Obama has recently signed legislation that will permit the commercial extraction of minerals and water from asteroids and the moon. The hope is that this legislation will inspire an extraterrestrial gold rush with the private aeronautics industry that is currently expanding and attempting to cut the cost of commercial space flight. “The US Commercial Space Launch Competitiveness Act of 2015 says that any materials American individuals or companies find on an asteroid or the moon is theirs to keep and do with as they please.” There are currently both large and small startup companies that are studying their options when it comes to space mining. This is an area that might seem less science fiction and far fetched in the future as technology continues to develop.

See Get ready for an interplanetary Gold Rush: Space mining laws set to spark explosion in extraterrestrial extractions, The Daily Mail, December 8, 2015.