In an article in Live Encounters Magazine, Dr. Namrata Goswami articulates the legal challenges ahead as the major space powers race to capitalize on the potentially lucrative markets made possible by lunar resources. She argues that now is the time to establish the legal framework for enabling private ownership of resources and profitable businesses. The processes for how conflicts will be resolved over trillions of dollars worth of space resources among legal entities must be defined ahead of time. If international agreements are not developed she believes that there may be a “legal vacuum”, resulting in individual states taking matters into their own hands.
