"Additionally, Blue Origin [CEO Jeff Bezos] this month finalized the hire of Austin Murnane as a senior legal counsel. Formerly an attorney at Latham & Watkins in New York, Murnane has expertise in the legal aspects of space resources. His background suggests that Blue Origin may assert that the resources of space belong to no one and that the company may stake claims to resources on the Moon and elsewhere.
In the Fordham International Law Journal, Murnane wrote a 40-page article arguing that, for modern-day prospectors—in the form of commercial space companies—the Moon, asteroids, and other bodies in the Solar System should be free of control from terrestrial governments or the United Nations and the Outer Space Treaty.
"If the Outer Space Treaty is read to have established UN sovereignty in space, it would make that organization the master of all bodies outside of Earth's atmosphere," Murnane wrote. "When one considers the vast multitude of celestial bodies in Earth's Solar System, and further notes that there are probably more than one hundred billion stars in our galaxy, plus untold millions of other galaxies in the universe, such a claim is breathtakingly arrogant."
Basically the paper argues that we should practice extraterrestrial jurisdiction over extraterrestrial sovereignty, the former allows private companies to claim space, the latter basically gives the UN power over the entire galaxy.
the writer says that eventually these private companies who invest in space exploration will profit highly (possibly) because the amount of resources in outer space. One asteroid may hold more platinum metals than ever before mined in the history of the earth, and eventually they will grow tired of following the rules of the governments on earth and start their own system.
Readit News
"Additionally, Blue Origin [CEO Jeff Bezos] this month finalized the hire of Austin Murnane as a senior legal counsel. Formerly an attorney at Latham & Watkins in New York, Murnane has expertise in the legal aspects of space resources. His background suggests that Blue Origin may assert that the resources of space belong to no one and that the company may stake claims to resources on the Moon and elsewhere.
In the Fordham International Law Journal, Murnane wrote a 40-page article arguing that, for modern-day prospectors—in the form of commercial space companies—the Moon, asteroids, and other bodies in the Solar System should be free of control from terrestrial governments or the United Nations and the Outer Space Treaty.
"If the Outer Space Treaty is read to have established UN sovereignty in space, it would make that organization the master of all bodies outside of Earth's atmosphere," Murnane wrote. "When one considers the vast multitude of celestial bodies in Earth's Solar System, and further notes that there are probably more than one hundred billion stars in our galaxy, plus untold millions of other galaxies in the universe, such a claim is breathtakingly arrogant."
"
https://arstechnica.com/science/2021/07/blue-origin-is-devel...
Basically the paper argues that we should practice extraterrestrial jurisdiction over extraterrestrial sovereignty, the former allows private companies to claim space, the latter basically gives the UN power over the entire galaxy.
the writer says that eventually these private companies who invest in space exploration will profit highly (possibly) because the amount of resources in outer space. One asteroid may hold more platinum metals than ever before mined in the history of the earth, and eventually they will grow tired of following the rules of the governments on earth and start their own system.