Asteroid Mining And Space Refueling Stations May Become Reality By 2025

Asteroid Mining And Space Refueling Stations May Become Reality By 2025 - One day in the not-too-distant future, we’ll see more asteroid mining American companies and startups (if we’re still alive) that mine asteroids for profit - and according to the president of a now existing asteroid mining company, that “distant future” is by year 2025.

In an interview with Space, Planetary Resources president and chief engineer Chris Lewicki says that they have “every expectation” that the human civilization will enjoy water delivery system involving asteroids and some spaceship refueling stations, also involving small solar system rocks, “in the next ten years.”
After that, says Lewicki, “it’s going to be how the market develops.” 

For instance, asteroid mining companies will establish more fuel depots (from hydrogen and oxygen) if there’s demand for additional space refueling stations. On the other hand, startup space miners can accept gold or platinum orders on Earth and hunt rocks that contain such resources.

Lewicki’s optimistic prediction is linked to the recently passed United States Space Act of 2015 which allows private companies to mine and own resources of asteroids and other cosmic rocks.

According to the U.S. Space law, or the H.R. 2262, any resources obtained in outer space, either from a comet or asteroid and so on, “are the property of the entity that obtained such resources” - and the entity “shall be entitled to all property rights thereto,” - meaning, the company or startup can sell these resources on Earth, or use them to manufacture products.

Futurists cheered after the U.S. Congress passed the Space Act because they believe that asteroid mining is a giant leap towards our civilization reaching the “Type I” civilization level - a planetary “type” civilization that can harness the power of the planet and surrounding planets and objects (Solar System objects).
But wait, says critics of the Space Act of 2015.

This law, which is limited to the United States, is dangerous and “illegal” says a new article at The Conversation.

Asteroid Mining Law In U.S. Illegal?

Gbenga Oduntan, a University of Kent senior lecturer in international commercial law, asks: “Who owns space?”

In a nutshell, Professor Oduntan said the first space act of the United States is illegal and potentially dangerous.

The Space Act passed earlier this month, according to Prof. Oduntan, is violating several treaties and global customary law which already cover the entire universe. He also added that the U.S. law is simply a “classic rendition” of Wild West philosophy, the “he who dares wins.”

Even without the Space Act of the United States, Professor Oduntan said corporations can already mine resources in space — but the very first provision of the Outer Space Treaty to which the United States is a signatory, is that such mining in cosmos “shall be carried out for the benefit and in the interests of all countries”, and not the United States alone, or just one corporation.

In a press release published right after the Senate passed the landmark bill, Planetary Resources said the H.R. 2262 will create a pro-growth environment for the development of the so-called “commercial space industry” by encouraging corporations and other private sector investments. Source: StGist
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