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(as of Feb 06, 2025 13:00:38 UTC – Details)
The Magnificent Handbook of Space Mining Law
The vast expanse of space holds limitless wealth in the form of platinum-spangled asteroids, floating gold rocks, and other celestial bodies harboring strategic mineral resources worth quintillions and quadrillions of dollars. Water ice, helium-3, platinum, space gold iron, cobalt, and ammonia are just a glimpse of the bounty waiting to be harvested. However, legal uncertainty surrounding space mining hinders the development of this potentially transformative industry. The Magnificent Handbook of Space Mining Law cuts through the legal fog, offering a groundbreaking interpretation of existing law that paves the way for responsible and commercially viable space mining.
In this book, the author, Dr. Samuel Japhets, challenges the prevailing notion that the 1967 Outer Space Treaty (OST) prohibits all commercial space mining endeavors. Through a meticulous legal and policy analysis of Articles 1 and 2, 1967 OST, Dr. Sam argues that in its focus on peaceful uses of outer space, the 1967 OST does not prohibit the commercial taking of minerals lodged in celestial bodies. Rather, the OST prohibits any exclusive sovereign territorial claims over those celestial bodies themselves. Further, Dr. Sam contends that Title IV of the U.S. 2015 Commercial Space Launch Competitiveness Act (CSLCA) provides the proper legal framework for commercial space mining activities because it provides the most persuasive interpretation of the 1967 OST.
The Magnificent Handbook of Space Mining Law thus dismantles the myth of a celestial “no man’s land.” It emphasizes that the celestial bodies themselves, distinct from the natural resources that reside in them, are not subject to sovereign territorial claims. Using legal-historical analysis, the author demonstrates that, subject to other international regulations governing resource appropriation in shared spaces, the riches of outer space are fair game for responsible and sustainable commercial ventures. State and private space investors, stakeholders, or national agencies can locate, characterize, capture, process, concentrate, and transport these resources to points of use in-situ or on planet Earth.
The Magnificent Handbook of Space Mining Law offers a comprehensive roadmap for navigating the legal landscape of commercial space mining, addressing critical issues like:Reconciling the dueling legal perspectives of the 1967 OST with regards to commercial space mining initiativesInterpreting and applying Title IV of the U.S. 2015 CSLCASpace Ecological / Environmental considerations for commercial space miningProperty rights over asteroid or space minerals when extracted from their natural lociIntegration of principles of collaboration, cooperation, and coordination, with self-interested egoism of states in commercial space miningBy demystifying space mining law and addressing the investor’s need for legal certainty and predictability, The Magnificent Handbook of Space Mining Law paves the way for a future where the celestial bounty can be harnessed for private and commercial benefits, ultimately benefiting all of humanity. This book is an essential resource for lawyers, legal academia, space entrepreneurs, policymakers, and anyone fascinated by the legal and economic implications of the inevitable allure of commercial space mining.
ASIN : B0D8LFMMLG
Publisher : Independently published (July 15, 2024)
Language : English
Hardcover : 241 pages
ISBN-13 : 979-8329657395
Item Weight : 15 ounces
Dimensions : 6 x 0.76 x 9 inches