Google co-founder Larry Page and the tiny country of Luxembourg are angling for first-mover advantage in the asteroid mining industry.
The Luxembourg Government became the first European country to express serious interest in the potentially lucrative business of asteroid mining on Wednesday. Some have gone so far as to say that asteroid mining could grow to becomeShow More Summary
The Luxembourg Government announced a series of measures on Feb. 3 that will boost asteroid mining and the visionary use of space resources, according to a statement from the country’s Ministry of the Economy. It’s the stuff of George Lucas, Jules Verne and James Cameron. Yes, James Cameron, the film director of Titanic, The Terminator […]
21ST CENTURY HEADLINES: Luxembourg to invest in space-based asteroid mining. The Luxembourg government on Feb. 3 announced it would seek to jump-start an industrial sector to mine asteroid resources in space by creating regulatory and financial incentives. Show More Summary
The country has announced it will support the development of new laws governing outer space resources and fund research projects into mining asteroids
It’s home to just a half-million people, but Luxembourg is not thinking small when it comes to the future. Earlier today, this tiny European nation announced its intentions to back commercial asteroid-mining ventures, and in so doing, is positioning itself as an international leader in this promising area. Read more...
The government of Luxembourg is putting its backing behind commercial asteroid mining less than three months after the U.S. enacted legislation that could foster such ventures.
Astronauts fired this small, rectangular hunk from the International Space Station today. The payload will separate into two autonomous satellites as part of a research program to take us one tiny step closer towards making asteroid mining a reality. Read more...
If one is going to get into the asteroid mining business, one needs to prove that you can do something with what's brought back. That seems to be the thinking behind Planetary Resource's presentation today at CES in Las Vegas, whereShow More Summary
By Jacqueline Prause, Senior Managing Editor, SAP News Services Will 2016 be the year that companies take to space with asteroid mining? Here on earth, will new European data protection laws raise the stakes for global enterprises? Will free Internet of Things (IoT) data networks turn your city into a data [...]
Coal miners mine coal; diamond miners mine diamonds; gold miners mine gold; space miners (will) mine space—and anything in it that has precious metals or compounds that can be whisked... read more The post Can You Own Part of an Asteroid? How Asteroid Mining Is Changing Space Law appeared first on Singularity HUB.
What would 17th-century English philosopher John Locke think of the U.S. Commercial Space Launch Competitiveness Act?
Entrepreneurial space is looking up, way up. It's almost time to start drinking Tang again… This post is about three exciting developments and what they mean: The Asteroid Resource Law:... read more The post The New Space Race Is Heating Up: Asteroid Mining, Reusable Rockets, and Water on Mars appeared first on Singularity HUB.
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.President Barack Obama signed into law Nov. Show More Summary
Comparative analysis of redirection methods for asteroid resource exploitationAuthors:Bazzocchi et alAbstract:An in-depth analysis and systematic comparison of asteroid redirection methods is performed within a resource exploitation framework using different assessment mechanisms. Show More Summary
Who owns asteroids in outer space? What about if you go up and take a chunk out of one, who owns that bit? According to a newly signed law, you own whatever asteroid resources you manage to obtain—but it only applies if you’re a US citizen.President Obama signed the US Commercial Space Launch Competitiveness Act into law on 25 November 2015. Show More Summary
President Barack Obama recently signed a very forward-looking law that legalizes commercial asteroid mining. But the law has met with skepticism from some experts in international law.
A new US law says American companies can keep resources they obtain in space, but some argue it contravenes international space law.
Proving that we are definitely living in the future that science fiction imagined, President Obama signed asteroid mining rights into law last week. Called the US Commercial Space Launch Competitiveness Act (CSLCA), the law gives companies the rights to the natural resources that they mine from outer space. Show More Summary