A number of firms are planning to mine and promote lunar sources, like rock and water ice. Now the race is on to agree a authorized framework that’s honest for everybody



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13 September 2022

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Corporations are hoping to make a mint from mining lunar sources

Nasa/Ryan Wills

BILL NELSON, the administrator of NASA, grinned for the cameras as he handed over a cheque to Justin Cyrus, the boss of an organization known as Lunar Outpost. The quantity? A mere 10 cents. This second final 12 months was partly a advertising and marketing gimmick. However in its personal unusual approach, it was additionally a legitimately essential milestone: it marked the primary time {that a} authorities company – or anybody else for that matter – had signed a deal to purchase pure sources in area.

If all goes to plan, later this 12 months Lunar Outpost will use a rover to scoop up some lunar mud, snap a photograph of it, and formally switch possession of the fabric to NASA. In return, the company pays an extra payment, this time 90 cents to make a spherical greenback.

The sums could also be small, however that is the beginning of a brand new period for humanity, one during which the shopping for and promoting of sources will prolong past our dwelling planet for the primary time. And although Lunar Outpost appears set to be one of many first firms being profitable on the moon, will probably be shortly adopted by others. US plans to return individuals to the lunar floor rely closely on partnering with firms.

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