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Raking in the moolah through moon mining

Does anyone own the moon? Or other planets for that matter? The prospect of mining on the moon and other celestial bodies is fast becoming a reality.

In 2018, Moon Express, based in Florida, aims to be the first private entity to put a small robotic lander on the moon with an investment of approximately USD1.85 million to set up an operations room and an engineering laboratory with a firings test stand for spacecraft engines.

Private space exploration is picking up. Due to ambiguities in the Outer Space Treaty, it is not clear who can profit from such business opportunities. Such ventures could exploit the fact that no international treaties apply laws to the moon.

Will governments allow private space exploration and the mining of moons and planets?

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Nidhi Singh
Manager, Group Corporate Communications
Spire Research and Consulting
Phone: (91) 124 646 5499
E-mail: nidhi.singh@spireresearch.com

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