
If we’re serious about settling the Moon and exploiting its resources for the benefit of mankind, it will be crucial to secure property rights.
Nations can’t create a self-sustaining lunar economy through government procurement, argue John Chisholm and Dan Garretson in today’s Wall Street Journal. They will need entrepreneurs and investors. And entrepreneurs and investors will need assurances that the improvements they make won’t be stolen or expropriated.
To be self-sustaining, a lunar economy needs paying customers beyond the governments footing today’s bills, along with entrepreneurs to serve those customers and investors to fund the entrepreneurs. All need assurance that what they buy, build or fund remains theirs to use or transfer. At the lunar south pole, mines may someday harvest ice for rocket propellant, avoiding Earth launch costs. To attract investment, miners will need legal acknowledgment of first and continuous occupation, control over land use, the ability to exclude others and assurance that land and improvements can be sold or transferred. In short, ownership rights to lunar real estate.
The existing patchwork of treaties and statutes, write Chisolm, a trustee of the Santa Fe Institute, and Garretson, president of the nonprofit Orbital Progress, is inadequate. The 1967 Outer Space Treaty and the 2015 U.S. Commercial Space Launch Competitiveness Act (CSLCA) provide some protection. But the 1979 Moon agreement — admittedly, never ratified by a major spacefaring nation — specifically disallows lunar land rights. The 2020 Artemis Accords’ “safety zones” guarantee the principle of “free access to all areas of celestial bodies” — the opposite of private property exclusion.
more “Crucial for Lunar Development: the Right of First Possession”




Property rights are essential in order to establish a space industry operating beyond Low Earth Orbit, says Robert Bigelow, president of Bigelow Aerospace, and he’s seeking clarification from the Federal Aviation Administration’s Office of Space Transportation (AST) on whether a Moon habitat would have a zone of operation in which other persons are prevented from entering.
Property rights are essential to establishing a space industry in Low Earth Orbit, argues Robert Bigelow, founder and president of Bigelow Aerospace. And in an effort to advance the discussion on property rights, he is seeking clarification from the Federal Aviation Administration’s Office of Commercial Space Transportation (AST) on whether launching a Moon habitat allows a venture to have a zone of operation which others are prohibited from entering.