10/18/2023 0 Comments Wild west new frontier catch fishshall require authorization and continuing supervision by the appropriate state party to the treaty." But the treaty ultimately sided with the United States, and stated that "activities of nongovernmental entities in outer space. ![]() Back when the treaty was drafted, the Soviet Union wanted to completely limit space exploration to governments. Signed in 1967 and boasting over 100 signatories, including the United States, Russia, and China, the Outer Space Treaty forbids any nation from making sovereign territorial claims in space. Space's guiding document is the Treaty on Principles Governing the Activities of States in the Exploration and Use of Outer Space (or the "Outer Space Treaty" for short). Who can use what in space, and how? This is a vitally important question for space exploration companies, which have to spend gargantuan sums of money to fund their projects and need to be reasonably certain they'll one day turn a profit. The basic problem is that space is essentially lawless, especially when it comes to property. ![]() Nevertheless, a Wild West free-for-all might be inevitable for the final frontier. "Our goal is to have a space environment that is populated by people acting responsibly," insisted Peter Marquez, a vice president at the company.
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