April 8, 2012
Private companies should be able to buy land on The Moon or other planets for tourism, mining or even to sell property, a space policy expert has said.
Rand Simberg said that if governments started to provide property rights then entrepreneurs and billionaires might pile in and invest – and added that the ‘time is ripe’.
He has proposed a law that would circumvent the 1967 Outer Space Treaty, which states no individual or government can have sovereignty over any body in space.
But such a move would mark a huge change in how mankind sees space and could open up the galaxy to a debacle akin to the Colonial era ‘Scramble for Africa’.