April 27, 2017

"The US space industry is prodding the US government into refreshing its outdated laws on commercial activity beyond earth: scare it with talk of Chinese galactic domination."

Yahoo: At a Senate hearing on the space industry today, companies that build rockets and space habitats and manufacture electronic goods in space spoke about a standard laundry list of complaints, from regulatory burdens to fears of subsidized competitors. by Tim Fernholz via Quartz

'But their message was wrapped in patriotic concerns about China’s growing capacity for space action.

'These companies are eager for the US government to allow and invest in commercial activities in orbit and around the moon. Many think the laws governing action in space, and particularly the UN Space Treaty, need refreshing for an age when private companies are close to matching the space capacity of sovereign nations. The last major change was a law on asteroid mining passed in 2015.

'Robert Bigelow, a real-estate mogul who now operates an eponymous company dedicated to creating space habitats and building facilities on the moon, warned the Senate hearing that without a global legal framework, the US could be left behind.'

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