NASA Is Paying For Moon-Rocks – Implications For Space Commerce Are Huge

NASA Is Paying For Moon-Rocks – Implications For Space Commerce Are Huge

Tyler Durden

Mon, 09/21/2020 – 20:35

Authored by Alexander William Salter via The American Institute for Economic Research,

Commercial space enthusiasts, we have liftoff! On September 10th, NASA announced that it’s soliciting proposals for private entities to collect lunar rocks and soil. Basically, NASA is offering to buy these materials from the corporations that gather them. This project has enormous implications for the future of commercial space activities.

“Today, we’re taking a critical step forward by releasing a solicitation for commercial companies to provide proposals for the collection of space resources,” announced NASA administrator Jim Bridenstine.

One of his goals is to create “a stable and predictable investment environment for commercial space innovators and entrepreneurs.” 

Furthermore, he clarified that NASA intends to take an “‘in-place’ transfer of ownership.”

Translation: whoever harvests the moon materials needn’t bring them back to Earth. This initiative helps realize Congressional legislation to protect U.S. citizens’ property rights to celestial resources, and gives teeth to a recent executive order promoting the commercial development of space.