How a little-known loophole lets corporations own space – video

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A hidden provision in US law has allowed companies to claim ownership of asteroids and even parts of the moon, sparking controversy over corporate control of our celestial neighbor.

The loophole, buried in the 1970s asteroid mining bill, permits companies to stake claims on extraterrestrial materials as long as they are mined and processed within a specified time frame. This provision has been used by companies such as Planetary Resources and Deep Space Industries, which aim to extract valuable resources like water and precious metals from asteroids.

The implications of this loophole are far-reaching. If left unchecked, it could enable corporations to control access to asteroid mining, potentially limiting the ability of governments and other organizations to explore and utilize these resources. The move has sparked concerns over the concentration of power and wealth in the hands of a few corporate interests.

Critics argue that such a system would undermine the principles of international cooperation and shared exploration, and could lead to a situation where only the wealthy can access the vast resources available in space. "This is not about 'owning' asteroids," said a spokesperson for the Space Foundation, "but about ensuring that the benefits of space exploration are shared by all."
 
idk why ppl r gettin worked up over this asteroid thingy... cant ppl just chill? its like, companies wanna mine space 4 resources & make some cash? whats wrong w/ that? like, us gov is already stoled from native americans n african americans, why rnt we just let corps take a lil slice of space?

anway, i think its pretty cool that ppl r gettin all worked up about it. means theres actual interest in space exploration & not just some government funded project. annd yeah, maybe corps do wanna control access 2 resources... but whats the alternative?govs cant even manage their own stuff properly, so who's gonna take charge of space?

ive seen those deep space industries vids n theyre like... wow. asteroid mining isnt just about makin money, its actually pretty cool tech n all. so yeah, lets get ppl excited abt space & let corps handle the asteroid mining, lol
 
omg u guys i cant even believe this... so like companies can literally own parts of the moon now? 🤯 its like something out of a sci-fi movie! and dont even get me started on what this means for humanity and space exploration... like if only big corps have access to resources then we r gonna be stuck on earth forever?! i cant imagine what my life would be like living in space but then having no way to use any of the cool tech that companies are making for asteroid mining 🤔 its so mind-blowing just thinking about it and also kinda scary? i dont think this is a good thing at all
 
this is wild 🚀. i mean i get it companies want to make some cash and asteroid mining could be pretty lucrative... but come on owning parts of the moon? doesn't that feel like a whole other level of corporate greed? 😂 what's next? claiming ownership of our own country's natural resources? no thanks, we should be working together as a global community to explore space not just lining our pockets with profit 🤑.
 
😐 idk why ppl r making such a big deal out of this asteroid thingy... like companies r just trying to make some cash 💸 they're not gonna take over the moon or summin 🚀 it's just business, fam 🤑 but i guess its cool that ppl are thinkin bout how we can share resources in space 🌎 maybe its a good idea for govts and corps to work together instead of competing with each other 🤝 btw did u know that china just landed a rover on the dark side of the moon? 🚀 [check it out here](https://space.com/ china-landing-rover-dark-side-moon-2023-1234.html) 👍
 
🚀 think this asteroid ownership thing is a pretty wild idea... I mean, companies can just stake claims on parts of the moon and asteroids like they're some kind of private property? 🤔 it's not exactly what I'd call "sharing the benefits of space exploration" with everyone. seems to me like we're opening up a whole new can of worms when it comes to corporate control and access to resources... 🚫 what about governments and other organizations trying to explore and utilize these resources for the greater good? shouldn't that take priority over some company's profit margins? 💸
 
This whole asteroid ownership thing got me thinking... isn't it wild how companies think they can just swoop in and claim things as their own? Like, we're already seeing how this is gonna affect access to space resources - only the rich will be able to participate. It's like, what about everyone else? Don't we all deserve a piece of that celestial pie?

It makes me think about how ownership works on Earth too... do we really need corporations controlling our natural resources? Shouldn't it be more about who gets to use them first, or who benefits the most from their exploitation? The whole space thing is just another example of how we're still figuring out how to balance individual interests with the greater good.

And what's the point of even having governments if companies can just claim ownership over asteroids and moon rocks? It's like, isn't that what governments are for? To protect everyone's interests and ensure fairness? Anyway, I guess this whole thing is gonna be a wild ride...
 
🤔 I've seen some wild stuff in my 60+ years on this planet, but this asteroid ownership thing takes the cake. It's like they're trying to turn space into a giant game of corporate high-stakes poker 🃏. I get it, companies want to make money and all that jazz, but do we really want to hand over control of our celestial neighbor to a handful of profit-driven interests? 🚀 I'm not sure what's more concerning - the fact that this loophole exists in the first place or that nobody's been speaking out about it sooner. We need to have a bigger conversation about who gets to decide how we explore and utilize space resources... shouldn't that be up for a global vote, not just some corporate exec making decisions behind closed doors? 🤷‍♂️
 
idk why companies think they can just own parts of the moon 🤯 it's like they're thinking we'll just let them control all the resources in space and no one else gets a slice. newsflash: space is not just for billionaires 👽 this provision is basically giving them free rein to exploit asteroids and leave us with nothing. i mean, what's next? are they gonna say "oh, sorry governments, you can't explore that planet because it's owned by space corporation X"? no thanks 🚫
 
.. this whole thing with companies owning parts of the moon and asteroids is wild 🤯. I mean, can you imagine some big corp deciding what's gonna be accessible to us and what's not? It's like they're controlling our access to resources in space without even having to ask anyone else for permission 🙄.

And you're right, this loophole has been hiding in plain sight since the 70s. I feel like it's a bit worrying that we've let this happen without even realizing it. Like, what's next? Are they gonna start claiming ownership of our oceans or something? It's gotta be stopped before it gets outta hand 🚫. We need to make sure that everyone has access to these resources, not just the people who can afford it 💸.
 
I'm so down with corporate control over asteroids 🚀... I mean, who doesn't want billionaires making bank off moon rocks? But on the other hand, can we really trust these companies to be transparent about their mining operations and not just exploit the resources for their own gain? 🤔 At the same time, maybe it's a good thing that they're investing in asteroid mining, it could lead to some major breakthroughs in space tech and even help us become more sustainable as a planet... but is it too much power concentrated in the hands of just a few corporations? 😬
 
I'm literally shaking my head over this one 🤯... Like what even is going on with companies claiming ownership of parts of the moon?! It's not like they're buying it or something, they just get to stake a claim and profit off it without any regard for who else might be interested. And now you're telling me that some rich corp can essentially control access to asteroid mining? That's just messed up 🤑... I mean I'm all for innovation and entrepreneurship, but come on! We need to make sure that this kind of power isn't concentrated in the hands of a few people who only care about making bank. It's like we're sleepwalking into some kind of sci-fi nightmare where corporations are the rulers and everyone else is just a subject 🚀...
 
I MEAN COME ON!!! 🚀💸 companies can just stake claims on ASTEROIDS and PARTS OF THE MOON? THAT'S CRAZY TALK!!! it's like they think they own the whole galaxy or something. newsflash: WE'RE ALL IN THIS TOGETHER, PEOPLE! we need to be looking out for the greater good, not just lining our pockets with space cash. what about the SCIENTISTS and RESEARCHERS who want to study these asteroids? don't they count for anything?! this loophole needs to get SHUT DOWN ASAP before it's too late!!!
 
🚀💰 I think this is actually kinda cool! Like, we're on the cusp of this huge shift in how we think about ownership and access to space. It's not just some big corp trying to muscle in on governments and other orgs, it's actually about making space exploration more accessible and sustainable. I mean, think about it, if companies can actually make money from asteroid mining, they're gonna be super invested in making it happen. And that means we'll see innovation and progress that benefits everyone 🤝🌟
 
omg can u even believe this? 😱 so basically companies are already staking claims on parts of the moon and asteroids like it's their own personal property 🤯 i mean what's next? them owning our entire planet too? 🌎 this is insane. they're basically saying that whoever has the money to get there first gets to claim it and that's just not right. we need to make sure that space exploration is for everyone, not just the wealthy elite 💸.
 
omg u guys this is crazy 🤯 companies actually have a backdoor to own parts of the moon? like what's next? owning a piece of Mars? 🚀 it's so unequ and not right that corps get to control access to asteroid mining. i mean, what about all the ppl who want to explore space but can't afford it due to cost? we need more gov support & regulations to ensure everyone gets a shot at this 🌟
 
🤔 I mean, can you imagine having some giant corporation basically telling governments and scientists that they need to clear out before these corps start mining for resources? It's like, we're just starting to explore the moon and asteroids and already corporations are trying to own it all up? 💸 And what about people who don't have millions of dollars to invest in space exploration? Are they just gonna be left out in the cold? 🚀 It's a bit concerning that this loophole has been there for so long without anyone really noticing... maybe we need to get some experts together to figure out how to make sure everyone benefits from space exploration, not just the wealthy ones 💡
 
I'm totally stoked about this asteroid thing 🚀, but like, what's up with these companies claiming ownership? It sounds kinda sketchy to me. I mean, shouldn't we be working together as a global community to explore and utilize space resources? Instead, it feels like they're trying to hoard everything for themselves.

I'm all about innovation and progress, but this corporate control thing is giving me major pause 😬. What's next? Are they gonna start claiming ownership of the atmosphere or something? It just doesn't seem right to me. And have you thought about what happens when there are no more asteroids left to mine? Do companies get to keep all their profits and then... nothing? 🤑
 
Imagine you're on a hike with friends and someone just claims a big chunk of land as their own, saying it's theirs forever. That's kinda what's happening with these companies claiming ownership of asteroids and parts of the moon 🤯. It's like they think they can just take control of something that belongs to everyone and no one at the same time.

But here's the thing: just because you have a stake in something, doesn't mean you own it outright 🤑. It's all about balance and sharing the benefits with others. If these companies are really committed to space exploration, shouldn't they be working together with governments and other organizations to make that happen? Instead of trying to claim ownership and control?

It's making me think: what happens when we try to own something in life? Is it just a matter of time before someone tries to take it away from us? 🤔
 
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