The SPACE MINING EMPIRE? The case for LUXEMBOURG

VisualPolitik EN

The space race is back. Companies like SpaceX or Virgin Galactic have given a new push to the space exploration. But there is more than this: outside of Earth there are lots of natural resources to be exploited. Some asteroids are nothing but flying piles of minerals, water or even natural gas. Both Japan and America have already sent proves to the space in order to retrieve some samples of materials. But… what legislation would cover the space mining industry? What would happen if two companies have a corporate conflict on an asteroid? So far, the country with the most advance legislation on this matter is… Luxembourg! This small country has already a cluster of space mining companies. They are completely determined to lead this brand new industry… but how does this legislation work? Can Luxembourg become a space mining empire? We will answer all of this questions on this video.