U.S. Congress approves space mining

As part of the U.S. Commercial Space Launch Competitiveness Act, Congress has given the green light to a company licensed in the United States to take hold of the resources obtained from celestial objects. Congress is looking to promote space investigation investments.

Aside from awaiting Obama’s signature, the bill also faces other stumbling blocks like conflicts with other countries. International space treaties don’t allow countries to claim celestial objects, although individuals may keep what they find. The market for these objects is still unclear among private businesses. Some companies are already preparing for space mining.