Legal Considerations When You Build Property on the Moon
Depending on how you plan to build your property on the moon, there are different legal considerations. For example, it’s unclear whether the Galactic government owns the land or not. There are also many costs associated with building a house on the moon.
Legality of owning a piece of the moon
Despite what you might have heard, no individual is legally allowed to claim ownership of a piece of the Moon. This is according to several international treaties.
However, there are loopholes in the legal code that allow for the purchase of lunar land. These loopholes were exploited in 1998 when a sample of moon material turned up in Honduras during a “sting” operation designed by the NASA Inspector General.
Since then, other putative owners have also claimed to have owned a portion of the Moon. Several individuals have even paid upwards of $25,000 to buy a city-sized plot.
The question of whether an individual can claim ownership of a piece of the Moon has roiled the legal community since the Cold War. It was also the subject of the first legal document on space exploration, the Outer Space Treaty. The treaty was signed by the United States, the Soviet Union, and the UK in 1967. The treaty does not explicitly state that an individual is not allowed to own celestial bodies, but it does state that outer space is a common heritage of mankind.
Costs of building a house on the moon
Depending on where you live, the costs of Build property on moon may vary. However, there are a few basic necessities. If you plan to live on the moon, you’ll need a source of renewable energy, a place to grow food and a way to keep your clothes dry.
For example, the Resilient Extra-Terrestrial Habitats Institute (RETHI) has combined advanced computer simulations with physical tests to determine how to make life on the moon as comfortable as possible. The results of this research could help to ensure that humans are able to colonize the moon.
The RETHI has also developed a three-dimensional model of the lunar surface. It has been found that the moon is home to water and soil. This information could be used to help reduce the cost of a lunar home.
The most expensive part of a lunar home would be the transportation of building materials to the moon. The cost of shipping a kilogram of payload to the moon can reach six-digit numbers.
Galactic government doesn’t own the land
Despite being a multi-billion dollar industry, the Galactic government doesn’t own the moon. That is, it hasn’t even touched the surface. To get a taste of the lunar real estate, you have to pay a premium. And that’s where the magic happens. This is where the “Head Cheese” of the Nevada based Lunar Embassy Corporation comes in. And it’s all thanks to a guy named Dennis Hope.
The dude has been around for more than a decade and he is arguably the best in the business. Among other things, he’s a jack of all trades. Not only is he the unofficial scribe of the company, but he’s also the guy to beat at poker. And, he’s a nice guy. So, it makes sense that he’s willing to let loose a little cash. And, of course, he’s not the only one.
Whether or not Hope has the audacious audacity to take on the galactic sagwagon is another matter. Regardless, he’s got the money to burn.
Outer space treaty ambiguity
Currently, there is considerable ambiguity in space law. This creates risks for investors and businesses that wish to conduct activities in outer space.
The United Nations Outer Space Treaty (UN OST) was created to prohibit states from appropriating celestial bodies. It was ratified in 1967 and became the basis for all subsequent space treaties. While the treaty has been hailed as a “Magna Carta” of international space law, there are significant ambiguities.
In addition, the OST does not adequately regulate private space enterprises. It fails to address important issues of space debris and environmental damage. It also provides inadequate protection against harmful contamination. Moreover, its emphasis on national sovereignty is a reflection of the Cold War context. It could also reinforce wealth inequalities.
The Outer Space Treaty also sets a benefit-sharing precondition for all activities. The United States government has exploited this clause to strengthen its economic influence in outer space. In particular, it has imposed legal obligations on private companies that use celestial bodies for commercial purposes.