Conclusion
Here, the question arises, if the world’s superpower could take such a step simply in the greed of
wanting to remain the sole superpower, what is to stop individuals from doing the same? Possession of
land on the Moon, Mars and other celestial bodies only brings higher reputation and fame to the people
who are involved in dealing in them. The field of science is also evolving in terms of extraterrestrial
habitation thereby making possession of property in outer space a smart investment. The people
involved in such investments are not only able to acquire the said assets before the crowd gets attracted
to it but also securing their futures in way while at the same time increasing their own importance in the
world economy. Humans are known to be greedy for fame and reputation and most importantly,
finances. Therefore, they cannot be stooped from taking such steps when it gives them what they desire
at the cost of not more than a few thousands. Can they?
1 Dennis Hope, Lunar Embassy, lunarembassy.com/who-owns-the-moon-dennis-hope/# (last visited January 29,
2022).
2
ibid.
3 B. Sandeepa Bhat, SPACE LAW: THE EMERGING TRENDS 1 (Eastern Law House 2018).
4 Treaty on Principles Governing the Activities of States in the Exploration and Use of Outer Space, including the
Moon and Other Celestial Bodies, 1967, art. II.
5
ibid.
6 Victoria Jaggard, ‘Who Owns the Moon? The Galactic Government vs. the UN’
(last visited January 29,
2022)
7 Alan Wasser & Douglas Jobes, “Space Settlements, Property Rights, and International Law: Could a Lunar
Settlement Claim the Lunar Real Estate It Needs to Survive?” 73 J. AIR L. & COM. 37 (2008).
8
Prakhar Maheshwari, ‘Property Rights in Outer Space’ (last visited January 29, 2022)
9 Alan Wasser & Douglas Jobes, “Space Settlements, Property Rights, and International Law: Could a Lunar
Settlement Claim the Lunar Real Estate It Needs to Survive?” 73 J. AIR L. & COM. 37 (2008).