“Think of these planets as international waters,” says Jain. “Nobody gets to own the underlying things, but they can use the private resources,” “They [can] own the fish and the oil … we as a private company are flying under the U.S. flag, in some sense then, we are a ship in international waters.”
With the legal framework in place to determine who owns the rights to any resources recovered on the moon and beyond, the doors of opportunity have been flung wide open. There’s a massive hoard of loot floating over our heads, and whoever gets there first basically has carte blanche to mine it — we just have to make the trip.
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