Latest News

Luxembourg pioneers property rights laws for planets and asteroids image
14 July 2017
Luxembourg

Luxembourg's ambitions to become a leader in the nascent space mining industry moved a step forward as it adopted a new law to create property rights on planets and asteroids and govern exploration and use of space resources.

The economy minister, Etienne Schneider, said on Friday that Luxembourg had become the first European country to offer a legal framework ensuring that private operators can be confident about their rights over resources extracted in space.

The law will come into force on Aug. 1 and is based on the premise that space resources are capable of being owned. The country's law also establishes the procedures for authorising and supervising space exploration missions.

Library

Share this page