National legislation on the exploration of space and space objects has been developed in the USA, Japan and the United Arab Emirates. Such laws include government regulations for far-reaching targets in space, including private contractors.
There are more and more private space companies aiming to start serious activities on Earth. But they need government permission. And while that space is developing successfully in the United States, where Elon Musk’s SpaceX and Richard Branson’s Virgin Galactic operate, despite having recently faced financial difficulties.
The space activities of the countries are organized on the basis of the 1967 treaty, which states that space exploration is carried out “for the benefit and benefit of all countries” and that the Moon and other celestial bodies are “open for exploration and use by”. all states without distinction, the use of celestial bodies is only possible for peaceful purposes.
“Companies will need to get government permission before they go into space for resource extraction or any other activity. These companies will choose the most appropriate jurisdiction,” said Professor Deplano.
Source: Ferra
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