... assert sovereignty over or ownership of the celestial bodies themselves. This approach appears to be influencing others - Luxembourg has adopted similar legislation and the UK-based Asteroid Mining Corporation is lobbying for a UK equivalent. With...
... devices, computers and image enhancers. For example, the European Space Agency (ESA) signed a contract with Luxembourg-based SES Techcom SA in May 2018, to develop a quantum cryptography telecommunication system (QUARTZ), opening a new dimension...
... begun making significant investments in this regard. They have also convinced at least two countries (the US and Luxembourg) to adopt new national laws for entitling private property rights over extracted space-based natural resources...
... allows US citizens to “engage in the commercial exploration and exploitation of space resources (including ... water and minerals)”. Luxembourg also passed a law in 2017 that gives companies the rights to whatever they extract from asteroids. The...
... companies to own the resources they mine and similar types of legislation have been passed by Liechtenstein and Luxembourg to offer legal frameworks for licensing of resources mined in space. It has become clear, therefore, that the United...
... material already in orbit has huge potential for cost savings compared to launching fresh material from Earth. Luxembourg-based CisLunar Industries is already planning a system that will harvest and recycle space waste. Nicknamed a ‘space...