Obama Gives ‘OK’ For Asteroid Mining

United States President Barack Obama just signed the U.S. Commercial Space Launch Competitiveness Act (H.R. 2262) into law. A bunch of legal jargon I know, but this is pretty important. Why? Because this means that United States citizens can mine and own resources from asteroids.

Wait... wrong asteroids

Wait… wrong asteroids

“This is the single greatest recognition of property rights in history,” said Eric Anderson, Co-Founder and Co-Chairman, Planetary Resources, Inc. “This legislation establishes the same supportive framework that created the great economies of history, and will encourage the sustained development of space.”

Someone please make sure that anyone with the initials A.L. (Alexander Luthor) isn’t allowed to mine asteroids, though. Do I need to explain why? Anyway, Co-Founder and Co-Chairman of Planetary Resources, Peter H. Diamandis, is pretty stoked about this.

“A hundred years from now, humanity will look at this period in time as the point in which we were able to establish a permanent foothold in space. In history, there has never been a more rapid rate progress than right now.”

We can finally look toward the stars in search of resources and maybe that’ll propel us forward as a species. This is certainly a very exciting time and we’re curious to see how the first mission will go.

[Planetary Resources]

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