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Who owns the Moon? A new space race means it could be up for grabs
Key Excerpts from Article on Website of BBC News
Posted: August 12th, 2024
https://www.bbc.com/news/articles/cxwwjlrk1mlo
This week, images were beamed back to Earth of China’s flag unfurled on the Moon. It’s the country’s fourth landing there. In the past 12 months, India and Japan have also set down spacecraft on the lunar surface. In February, US firm Intuitive Machines became the first private company to put a lander on the Moon. Meanwhile, Nasa wants to send humans back to the Moon, with its Artemis astronauts aiming for a 2026 landing. China says it will send humans to the Moon by 2030. And instead of fleeting visits, the plan is to build permanent bases. A UN agreement from 1967 says no nation can own the Moon. Instead, the fantastically named Outer Space Treaty says it belongs to everyone, and that any exploration has to be carried out for the benefit of all humankind and in the interests of all nations. While the lunar terrain looks rather barren, it contains minerals, including rare earths, metals like iron and titanium - and helium too, which is used in everything from superconductors to medical equipment. Estimates for the value of all this vary wildly, from billions to quadrillions. So it’s easy to see why some see the Moon as a place to make lots of money. In 1979, an international treaty declared that no state or organisation could claim to own the resources there. Only 17 countries are party to it, and this does not include any countries who’ve been to the Moon. The US passed a law in 2015 allowing its citizens and industries to extract, use and sell any space material.
Note: Along with a rush to mine minerals from the moon, a new arms race in space is starting, led by private companies like SpaceX.
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