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Mining the lunation and asteroids could be deserving one million million upon 1000000000000 of dollars , and several companies have popped up with that commission in mind .

But is space minelaying technically sound ? For asteroids , the answer is probably " yes , " but for the moon , it ’s complicated , experts say .

A 3D illustration of a moon outpost colony. NASA hopes to establish a permanent base on the moon in the coming decade, but the legality of exploiting lunar resources remains a big question.

A 3D illustration of a moon outpost colony. NASA hopes to establish a permanent base on the moon in the coming decade, but the legality of exploiting lunar resources remains a big question.

In 1967 , 110 countries , include the U.S. , Russia andChina , signed a treaty say that no " crowned head " can lay claim ownership ofthe Sun Myung Moon . However , this " Outer Space Treaty " ( OST ) does not explicitly prohibit companies or individuals from elicit and owning resources from space , Michelle Hanlon , a professor of infinite jurisprudence at the University of Mississippi School of Law , told Live Science .

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" As a lawyer , I can taper out all of the gray right there , " said Hanlon , who is also the CEO & president ofFor All Moonkind , a nonprofit that direct to protect certain web site on the moon from development . " There ’s a huge contention to be made that a private entity or an soul can claim property . "

NASA Administrator Bill Nelson (left) meets with ambassadors of the Czech Republic to sign the Artemis Accords.

NASA Administrator Bill Nelson (left) meets with ambassadors of the Czech Republic to sign the Artemis Accords.

However , somelegal bookman arguethe OST ’s all-inclusive " sovereign " language could technically be expand to businesses , which would mean companies are barred from mining the lunar month , at least .

Since the OST was sign , several regime have taken distance - minelaying matters into their own hands . In 2015 , the U.S. Senate passed theSPACE act , a domestic bill that cede U.S. citizen the right to claim resources from space , saying : " commercial convalescence of an asteroid resourcefulness or a space resource shall be entitled to any asteroid resource or blank space resourcefulness obtained . "

There was a " huge call " after this bill put across , and many countries incriminate the U.S. of acting unilaterally , Hanlon said . And in any case , a U.S. legal philosophy can not be enforce in areas beyond its legal power .

an illustration of a large asteroid approaching earth

But that has n’t stopped other rural area from hopping on the bandwagon : In 2017 , the government of Luxembourgpassed a billgiving company the rights to extract and keep resources from celestial body , andJapanand theUnited Arab Emirateshave follow causa .

However , any truly oblige international law must go through the United Nations , Hanlon said . That could be on the skyline : A UNcommittee dedicatedto the " peaceable uses of outer space , " is set to meet in April in Vienna to discuss infinite resourcefulness extraction .

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" Part of our mandate is to examine the live governance framework , and see what that has to say on the mind of place resource activities,“Steven Freeland , an Emeritus Professor at Western Sydney University School of Law in Australia and vice chair of the puzzle out group tasked with analyze legal issues surrounding infinite resourcefulness utilization , distinguish Live Science . The group aims to develop an initial set of principles for how space excavation might attend , which would then be sent for blessing by more than 100UN countries   part of the committeebefore it reachesthe General Assembly , the main policy - make wing of the international organisation .

An illustration of an asteroid passing by Earth

Until then , many dubiousness remain , include whether mining the moon will have the same laws as asteroid mining , Hanlon said .

" In many agency , [ the law ] is way behind the time , " Hanlon said . " But that ’s where we are right now . "

an illustration of a base on the moon

an illustration of two stars colliding in a flash of light

An illustration of three asteroids heading towards Earth.

A timelapse of images taken by NASA�s Lucy spacecraft as it flew by asteroid Donaldjohanson.

A digital illustration of asteroid 2024 YR4 heading towards the moon and Earth.

Satellite images of a distant asteroid, appearing as a fuzzy pinkish dot

An illustration of a large rock floating in space with Earth in the background

An illustration of an asteroid near Earth.

A tree is silhouetted against the full completed Annular Solar Eclipse on October 14, 2023 in Capitol Reef National Park, Utah.

Screen-capture of a home security camera facing a front porch during an earthquake.

Circular alignment of stones in the center of an image full of stones

Three-dimensional rendering of an HIV virus

a photo of the Milky Way reflecting off of an alpine lake at night