US News President Obama Signs Bill Recognizing Asteroid Resource Property Rights into Law

tom_mai78101

The Helper Connoisseur / Ex-MineCraft Host
Staff member
Reaction score
1,633
Redmond, Wash. – November 25, 2015 – Planetary Resources, the asteroid mining company, applauds President Obama who signed the U.S. Commercial Space Launch Competitiveness Act (H.R. 2262) into law. This law recognizes the right of U.S. citizens to own asteroid resources they obtain and encourages the commercial exploration and utilization of resources from asteroids.

“This is the single greatest recognition of property rights in history,” said Eric Anderson, Co-Founder and Co-Chairman, Planetary Resources, Inc. “This legislation establishes the same supportive framework that created the great economies of history, and will encourage the sustained development of space.”

Peter H. Diamandis, M.D., Co-Founder and Co-Chairman, Planetary Resources, Inc., said, “A hundred years from now, humanity will look at this period in time as the point in which we were able to establish a permanent foothold in space. In history, there has never been a more rapid rate progress than right now.”

Peter Marquez, Vice President of Global Engagement, Planetary Resources, Inc., said, “Our nation’s continued leadership and prosperity in space is enabled by this new law. Planetary Resources is grateful for the leadership shown by Congress in crafting this legislation and for President Obama signing H.R. 2262 into law. We applaud the members of Congress who have led this effort. Marco Rubio (R-FL), Lamar Smith (R-TX), Patty Murray (D-WA), Kevin McCarthy (R-CA), Bill Posey (R-FL) and Derek Kilmer (D-WA) have been unwavering in their support and leadership for the growth of the U.S. economy into the Solar System.”

Read more here. (Planetary Resources)
 

Varine

And as the moon rises, we shall prepare for war
Reaction score
803
... if I have the capacity to mine a fucking asteroid, I'm going to start my own planet on Mars first.
 

Accname

2D-Graphics enthusiast
Reaction score
1,462
And then putin signs a bill that all asteroids belong to russia. Now what? You screwed?
A single country has no right to asteroids. Maybe if they fall down on your land, but not up in space.
 

KMilz

You can change this now in User CP.
Reaction score
141
That's what this says, is that countries won't own the asteroids, but private companies will. The idea is that if you go up and wrangle yourself an asteroid and start mining it, no one in the US government is going to come and try to take it away from you. That's good enough to start, at least.
 

Accname

2D-Graphics enthusiast
Reaction score
1,462
Until the chinese take it over, kill the amuricans and confiscate their equipment. All because, you guessed it, all asteroids belong to the peoples republic of china!
What then? War? Why? American citizens were killed, yes, but they did break the law of the chinese government. And they did it outside of the US. So what is going to happen?


The ONLY thing the US government can say, is that the US government itself will never take away your asteroid. Well, thats at least something. But they are not the ones you should be worrying about anyways.
 
Last edited:

KMilz

You can change this now in User CP.
Reaction score
141
You should definitely worry about our government. They don't give two shits. Ask Japan.
 

Varine

And as the moon rises, we shall prepare for war
Reaction score
803
The US won't take away asteroids of US citizens. If you're a fucking Arab, with an asteroid, we will totally fucking take the fuck out of it and then say you're a terrorist funding piece of fucking Arab shit. Then it'll belong to the citizens of the US, and Haliburton.
 
General chit-chat
Help Users
  • No one is chatting at the moment.

      The Helper Discord

      Members online

      No members online now.

      Affiliates

      Hive Workshop NUON Dome World Editor Tutorials

      Network Sponsors

      Apex Steel Pipe - Buys and sells Steel Pipe.
      Top