“This off-planet economy,” he said, “will forever change our lives for the better here on Earth.”

But there could be a snag. Along with Britain, France, and Russia, the U.S. is a signatory to the 1967 Outer Space Treaty, which reads in part: “Outer space, including the moon and other celestial bodies, is not subject to national appropriation by claim of sovereignty, by means of use or occupation, or by any other means.”

As Wired noted on Thursday, “[h]anding out the right to exploit chunks of space to your citizens sounds very much like a claim of sovereignty, despite the Space Act’s direct statement that ‘the United States does not thereby assert sovereignty or sovereign or exclusive rights or jurisdiction over, or the ownership of, any celestial body’.”

“[O]n the one hand Congress is saying to these companies, ‘Go get these rights and we’ll defend you,’ and at the same time saying, ‘We’re making no sovereign claim of ownership’,” space lawyer Michael Listner told the Guardian.

“They’re trying to dance around the issue,” he said of U.S. lawmakers. “I tend to think it doesn’t create any rights because it conflicts with international law. The bottom line is before you can give somebody the right to harvest a resource you have to have ownership.”

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