Moon Argument Essay

863 Words2 Pages

The Moon Agreement stands as a supplement to the Outer Space Treaty, building upon the principles established within it but with a specific focus on the moon. It is interesting to see the idea of increasing the level of human well-being across the planet reemphasized in this agreement, as expressed in Article 4:
“The exploration and use of the moon shall be the province of all mankind and shall be carried out for the benefit and in the interests of all countries, irrespective of their degree of economic or scientific development. Due regard shall be paid to the interests of present and future generations as well as to the need to promote higher standards of living and conditions of economic and social progress and development in accordance …show more content…

Claims have been made that the CSLCA directly violates the Outer Space Treaty. This is a direct reference to Article II and the stipulation that outer space is not subject to national appropriation. Lawyers in the U.S. supportive of the CSLCA however view the Outer Space Treaty as purposely vague and designed to support innovation, “the CSLCA should be seen as a valid interpretation of Article II given the numerous ambiguities inherent in the article itself. More importantly, the CSCLA acts as an incremental mechanism in the formation of international space law that, in turn, should eventually allow States to come to innovative and cooperative solutions to preserve the Article II regime amidst future commercial efforts in outer …show more content…

Goldman Sachs issued a report to its investors that asteroid mining is more realistic than perceived and would actually have costs similar to traditional mining. While actual costs of the asteroid mining enterprise are still largely variable, the Keck Institute for Space Studies estimates the cost to identify and then bring a 500-ton asteroid to low earth orbit would be approximately $2.6 billion. The mineral resource value on many of the near-Earth asteroids are measured in the quintillions of dollars based on what their contents would be worth in the current economy. Table 1 lists the two most valuable asteroids currently identified by the asteroid mining companies.How the process of mining materials from space would be accomplished is of course very technical and complicated, but, companies like Planetary Resources claim they have a safe and efficient mining system under development. Asteroids will be mined while they are in their natural orbit around the sun, in part to benefit from the free thermal and solar energy sources it produces. Asteroid mining companies plan to do all the extraction and refining on site at the asteroid to lower costs by not transporting anything off the asteroid that isn’t of direct value. Mining of the resources to be discussed below will be used primarily for expanding space-based

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