In November 2015, Congress passed the Spurring Private Aerospace Competitiveness and Entrepreneurship Act of 2015 ("the SPACE Act'), which allows private American companies to own any resources they collect from mining in space. This, however, conflicts with current international treaties to which the United States is a party, such as the Treaty on Principles Governing the Activities of States in the Exploration and Use of Outer Space ("the Outer Space Treaty'), which was adopted by the United Nations in 1967. Thus, without some changes, either the SPACE Act will be rendered useless or the United States will be in direct violation of the international laws to which it abides. As a result, this Note suggests that there is a great need to develop a governing body of law for outer space, which will both allow for the development of space mining as an industry and keep the United States within the bounds of its international agreements.
Intergalactic Property Law: A New Regime for a New Age,
19 Vanderbilt Journal of Entertainment and Technology Law
Available at: https://scholarship.law.vanderbilt.edu/jetlaw/vol19/iss4/7