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Legal Issues Before You Build Property on the Moon

Buying a piece of property on the moon has never been more popular. People from all over the world are fascinated by the idea of owning land that is far away from the Earth. But there are some legal issues that you need to keep in mind before you buy a celestial property.

Buying a plot of land on the moon

Buying a plot of land on the Moon is a popular idea these days. The question is whether it’s legal. After all, the Outer Space Treaty prohibits national appropriation of the moon. The treaty was signed by 109 countries, including the United States and the United Kingdom.

There are a few agencies that sell celestial property. One is The Lunar Registry. Another is a commercial venture called Moon Express. And there are many companies out there that sell certificates of ownership Build property on moon.

Some people will even go so far as to claim that they’ve purchased an acre of land on the moon. However, reputable Earthly governments are unlikely to recognize these claims.

The best thing about buying a piece of Moon land is that it’s not as expensive as you might think. The cost is based on the current exchange rates. The site also lists the price of an acre in US dollars.

Legal ramifications of buying celestial property in space

Several nations are exploring the possibility of extracting resources from celestial bodies. The question of who owns space has many legal ramifications.

While space may be res nullius (not owned by any nation), a nation can only use celestial bodies for peaceful purposes. Article II of the Outer Space Treaty (OST) states that a nation cannot claim sovereignty over any celestial body. The agreement also forbids the use of nuclear weapons.

Despite these limitations, private individuals have made claims to ownership of celestial bodies. Some have even sold parts of them. In fact, John McElroy has already sold about 16 billion acres of lunar real estate.

Although the US government does not sign the Moon Agreement, the US government continues to affirm OST Articles II and VI. In addition to prohibiting harmful contamination of the space, OST Article II also requires implementing domestic legislation.

The Outer Space Treaty is an important foundation for space law. The 1967 treaty governs the exploration of outer space and states that a nation is not allowed to claim ownership of the moon.

The cost of building on the moon

Whether it’s a short stay or a long one, the cost of building property on the moon isn’t as high as you might think. In fact, there are many factors that influence the price of your lunar home. Among them, are the location of your house, the cost of transportation, and the features you would want to include in your home.

For example, you might need to pay for a luxury nuclear reactor, or to send building materials to the moon. If you were planning to build a small nuclear reactor, you’d have to buy a rocket, a booster, and a refueling tank.

In addition to building property on the moon, you’ll need to send astronauts to the moon. The Apollo program cost $28 billion between 1960 and 1973. The Apollo lunar module alone cost $23.4 billion.

The costs of building a lunar base can be significantly reduced by opening it up to private firms. They will have to share their know-how and share in the future profits of harvesting the resources on the moon.

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