9 Apr 2012

Legal loophole could let billionaires BUY other planets before human settlers arrive

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.

private-planet

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.

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