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Congress Sells* the Moon, Planets & Asteroids to Corporations.

4,677 views · Published 27 November 2015 · 13:08 · Indexed 24 October 2026

Channel: thornews · 2015 · Entertainment

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This past week the U.S. House of Representatives - Congress & the Senate passed legislation known as the SPACE Act of 2015 aka The U.S. Commercial Space Launch Competitiveness Act & it looks like Corporations have a big chance to lay claim to Trillion Dollar Asteroids the best resources the Solar System has to offer and whatever magic space cowboy relics that these limited liability companies can get their hands on.

Outer Space is Big Business and it appears these companies got to write their own bill via proxy of their lobbyists. 

Look for Human Space Exploration to take another step backwards (if that's even possible) as the Commercial Space crews continue to struggle. 

...but the weirdest part of this story is how corporations are salivating over the prospect of Moon Water. LOL WTF?

God Bless everyone,

T

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The Article is from the Washington Post

https://www.washingtonpost.com/news/innovations/wp/2015/11/18/how-property-rights-in-outer-space-may-lead-to-a-scramble-to-exploit-the-moons-resources/

Innovations
How property rights in outer space may lead to a scramble to exploit the moon’s resources

This week the U.S. House of Representatives passed legislation known as the SPACE Act of 2015 (The U.S. Commercial Space Launch Competitiveness Act), which recognizes and promotes the rights of U.S. companies to engage in the exploration and extraction of space resources from asteroids and other celestial bodies.

That’s a huge win for private space exploration companies, especially for companies with upcoming plans to tap into the economic potential of the moon. That’s because the legislation, in its definition of “space resources,” is sufficiently broad to include resources found on the lunar surface. In short, the moon could now be in play for some of America’s most innovative space exploration companies.

One of those companies is Moon Express, a privately funded commercial space company with an audacious plan to mine the surface of the moon. As Bob Richards, co-founder and CEO of Moon Express, told me, minerals and water found on the moon would be technically classified as a “space resource” according to Title IV of the SPACE Act, which defines “space resource” simply as “an abiotic resource in situ in outer space.”

“The key to unlocking the economic potential of the moon is the water on the moon,” Richards said. “Water is the ‘oil of the solar system,’ and can be used to create rocket fuel that changes the economics of space resources, not just on the moon, but throughout the solar system. So our initial goal is to locate and learn how to mine and stockpile the water on the moon. We’re effectively after our first gusher.”

And it’s not just Moon Express interested in finding water on the moon. Mining the moon for water has attracted the attention of Shackleton Energy Resources, which suggests that there are billions of tons of water ice on the poles of the moon that might be converted into rocket fuel. Moreover, NASA has two different mission concepts for extracting water from the lunar surface. If there’s ever going to be human lunar colony, then finding water on the moon is going to be a priority. It’s just cheaper and easier to have a source of water on the moon than it is to bring water to the moon.

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