Bill Confirming Property Rights For Asteroid Miners Passes the Senate (examiner.com)
MarkWhittington writes: The Senate Commerce, Science, and Transportation Committee announced the passage of a bill called H.R.2262 — SPACE Act of 2015, which is designed to facilitate commercial space. The bill has a number of provisions for that purpose, including extending the "learning period" during which the government would be restricted from imposing regulations on the commercial launch industry to September 2023. The most interesting and potentially far-reaching provision concerned property rights for companies proposing to mine asteroids for their resources. In essence, the bill confirms that private companies own what they mine. The bill is a compromise between previous Senate and House versions.
How can this be at the national level? Surely this is something that should be hashed out at the UN rather than proposing national laws for something that is already outside your jurisdiction.
Build a Man a Fire, and He'll Be Warm for a Day. Set a Man on Fire, and He'll Be Warm for the Rest of His Life.
Is it just me, or did I just interpreted this summary as "USA considers whole outer space their property, and as such drafts laws how to handle that property without any consensus with anybody else."
It's about who the pot of gold at the end of the rainbow belongs to. That's about as realistic as asteroid mining.
Leprechauns, space mining, same thing.
You can talk all you want, fantasize all you want, it will never happen. Ever.
That is the proper way. There should never have been any dispute. We should have the same rules on Earth. You shouldn't be allowed own the land, but you own what you extract, build, harvest, etc.
“He’s not deformed, he’s just drunk!”
"Dibs."
Seems like there could be a danger of altering an asteroids orbit and having it eventually hit Earth.
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Is this like the Europeans coming to North America, and giving out land rights for land they did not own?
onto reservations
When will they pass a bill confirming property rights for the people IN THE UNITED STATES OF AMERICA?
Civil forfeiture. Seizing property without due process.
"unilateral" comes to mind. does the usa congress know this word?
since i designate myself an alien, i intend to extract and own the resources in so called north american continent of space object earth ( intend to own especially those human animals who refuse to be aliens ) :-)
It may become economically feasible if and when most large mining concerns on Earth get stopped from expanding due to environmental concerns, such as protecting shrinking ecosystems, avoiding polluting shrinking fresh-water sources etc.
Just like clean renewable energy could become economically feasible in a hurry if a significant carbon tax was imposed.
Well, one can always dream.
Where are we going and why are we in a handbasket?
Considering that there will be asteroid mining in future, which I believe to be feasible, and that it will basically be prospected by autonomous systems (rovers or robots) I can predict a lawless situation, where group of space pirates, commanding space drones that will disable or destroy regular established company's equipment.
No law from UN nor USA will be able to legislate where there is no law enforcement.
-=-=-=-=
I know life isn't fair, but why can't it ever be un-fair in MY favor!?
It is not really possible to conduct space mining without some kind of an agreement among at least USA, Russia, China, France, UK, India, Japan, the cionist Entity and maybe even North Korea and Iran. They all have the means to launch exo-atmospheric interceptor missiles or at least the capability to build such things, which are equally efficient at stopping traditional ICBMs or space return capsules.
And there are some other, small but clever countries who could concoct something funny. E.g. Hungary is a landlocked nation, so they would be doubly fsck-ed by the elite club, being denied the spoils of the seas as well as asteroids. Maybe they woud respond with a swarm of Rubik cube sat hunter-killer micro-vehicles?
On the other hand, what if A. L. Goldrush starts to mine and finds a black monolith with a cunei-form warning incised on it, stating only and only Earth is given to earthlings and all other worlds are totally forbidden. Mr. Goldrush won't stop, claiming US bill NCC-1701 a.k.a. Spacek-2015 granted the asteroid to him, but all people will suffer when the Wanderers' anti-proton torpedos hit Earth and all will have to pay extra taxes to raise giant walker robots to combat the invaders. Scientologists and anime fans will rejoice, but for the other 99% of mankind it just sucks.
It is very silly to let one-bit, profit-only minds roam free in space, where such unimaginably vast forces are at action. (A single microsecond of a supernova explosion emits more energy than mankind ever used since time immemorial. Harvesting all its energy is high-school thesis for Kardashevian Type II civilizations.) Mr. Profit behaves like a jerk and something or someone out there teaches him a cosmic lesson, except that not just him but the planet Earth will be no more...
In space, its weight would be zero.
Is there any knowledge about environmental impact this fantasy has?
Heaving the tons of equipment and initial human support environment against native planets gravity - does it help the ionosphere destruction some more and if so, how much and what is put into the atmosphere, is it just burnt hydrogen (water) or ?? and how much energy is used to produce the fuel?
How about bringing the harvest back - using the atmosphere as brake - how many more trillion-joules of energy would be put into the air and below?
My guess, by the time this would fly, some more pressing issues need attention, but one never knows what strings are pulled on the bribed political body in this clown-theater, so the dream continues...
Interesting times, that's a fact.
I have an alien registration card that allows me to legally extract resources from the United States of America.
It's that war never changes. War never changes. War never changes.
US laws only apply to America - they do not apply to space. As soon as a country tries something like this, it becomes a rogue state. Nobody has any more right to objects in space than anyone else. The behaviour of the United States is becoming increasingly worrying.
Anyone know if they have spotted ganking out there yet?
I think you may have missed my point; by what right should the US get to allocate ownership of stuff it doesn't own?
Actually this bill seems quite reasonable. It is not granting anyone rights to claim asteroids all it says is that if you do go out into space and bring back minerals to earth (and the US) then you own those minerals. As such it only applies to things which you bring back into US jurisdiction which seems perfectly reasonable: as a sovereign nation the US is perfectly within its rights to determine who owns what within its own territory. Of course the moment those minerals leave the US then their ownership may come into question depending on local laws.
cute.. very cute..
You do realise that most of the resources mined in space will be used in space... Like water on ISS cost $20k+ per litter, same for fuel, which is basically water.
2 (litters per day per person) x 3 (astronauts on ISS) x 365 (year) x 20,000 (price per litter) = $43.8 millions a year.
Obviously water get recycled on ISS, but I didn't account for fuel usage. Also ISS is going to host 6 and later 7 people in near future. Account for possible booming touristic industry with Bigelow hotels, bigger space stations, tonnes of fuel required for Mars missions or deep space missions, EU moon village, Chinese space station, refuelling in space, etc I think the market will be big enough to jumpstart mining in space.
Odds are that it will not be done through the UN. The few space capable nations won't want 160+ other nations making the rules for them. And as all of the permanent members of the Security Council are space-capable, any attempt that isn't their idea will be vetoed.
"Account for possible booming touristic industry with Bigelow hotels"
The same Bigelow that laid off half its workforce? The same booming "space tourism" industry that we've been waiting for since 1997?
http://www.cnn.com/TECH/9705/25/japan.space/
You've been reading too many comic books. There is no market to "jumpstart" anything in space. If there were, why didn't it already happen in the Space Age 50 years ago?
Bigelow was just one of examples of possible future markets. Some of the things I mentioned will take off, some will not, but each of them are potentially big.
Lets look at current stuff in space 1,305 active satellites they combined use 525,781 kilograms of fuel in their lifetime (for the ones that we have data for (467 satellites or 35.8%)) averaging to the rest of satellites we get 1,468,662 kilograms of fuel used by all currently operational satellites.
So lets assume average lifetime of 12 years (about 15 for geosynchronous and 1-10 for the rest) we get about 122,389 kilograms of fuel per year of required fuel to keep all current satellites flying.
Assuming average price to orbit of $10,000 per kilogram we get a market of 122,389 * 10,000 = $1,223,890,000 per year for fuel alone. One hell of a market if you ask me especially if you consider that number of satellites is only going to grow with time.
Obviously none of the current satellites (except ISS) can be refuelled, but there are already companies working on refuelling in space and you can bet your socks off that all commercial satellites in the future will have refuelling capacity since currently all satellites have to be more than 50% fuel just to keep flying for 10-15 years.
I'm already a billionaire or so. All I have to do is figure a way to get to an asteroid and bring it back from space. Then make mega bucks! Ok... now to work on that space part.... Anyone have 3-4 billion they can spare for seed money?