No one has handle to pick off worthful minerals from an asteroid quite yet , but when they do , the effectual framework will be firmly in place : in the beginning today , President Obama sign the US Commercial Space Launch Competitiveness Act ( CSLCA ) into law .
The note deals with a few vista of space travel : it extends America ’s loyalty to the ISS into the next tenner , loosen the regulative burden on space startups , and deals with the legalities of asteroid mining .
There ’s now a framework for establishing property rights on a celestial torso for mining purposes . Although the ‘ celestial body ’ itself ca n’t be claimed by a country or troupe — that sword lily on the Moon does n’t actually mean it belong to the U.S.—anything mine by a company is now its to keep .
When getting to those asteroids , secret spaceflight caller are now subject to less regulation . Although the the likes of of SpaceX and Virgin Galactic are still accountable to the FAA , regulations are looser than those placed on the ease of the air travel industry .
All in all , it ’s a coup d’etat for asteroid mining companies likePlanetary Resourcesand private spaceflight companies likewise — not to mention their lobbyist , of course .
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