The World Is A New Kind Of Space Race

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The world is starting a brand new kind of space race. Unlike the space race between the Soviets and the United States it is starting to become between new private space companies. Some of the more known companies like: SpaceX, Blue Origin, and Virgin Galactic have started to pioneer news way to get to space and further than no one has gone before. With technology advancing everyday it seems, there are sure to be laws passed that make privatized space travel have their fair share of laws. Recent advances in their technology has brought up agreements with the government funded program NASA and is making sending civilians to space and future humans to Mars more and more a reality. Since the start of these private companies in the…show more content…
Finding minerals is only one small step of privatized space law that is starting to become more popular. Deep space travel and sending normal citizens on “space trips” is also something that can be happening very soon. With the launch of the SPACE Act of 2015 the main purpose was those interested in asteroid mining. The idea of asteroid mining is to have a craft go onto an asteroid or another small object in space and dig to collect their minerals to bring back to Earth. This may seem like a long ways away but the Planetary Resources Company deployed its first spacecraft from the International Space Station last month, and this asteroid mining company aims to launch a series of increasingly ambitious and capable probes over the next few years. One of the biggest reasons we want to mine on asteroids is to turn the asteroid water into rocket fuel. Like many of topics that revolve around space law the main issue would be the Outer space treat which we will get into more detail about later. The treaty disallows nations from laying claim to "celestial resources," treating the cosmos beyond Earth 's atmosphere like a vast ocean of international waters. With that being said the Obama administration still passed the recent SPACE Act making this obtainable. But, the 1967 treaty doesn 't specifically disallow individual citizens or companies

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