How a little-known loophole lets corporations own space – video

[Ho-Hum Rollerball]

A Small Hole in the Space Code: How Big Corporations Are Taking Over the Cosmos

In a shocking revelation, it has been discovered that a relatively unknown provision in international law allows corporations to claim ownership of outer space. This loophole, buried within a 1967 treaty, grants private entities unprecedented control over celestial bodies and territories.

The Outer Space Treaty, signed by over 100 countries, is intended to promote peaceful exploration and cooperation among nations. However, its wording has been interpreted by some as allowing companies to stake claims on asteroids, moons, and other planets. This raises serious concerns about the commodification of space and the potential for profit-driven exploitation.

The loophole lies in Article II, which states that "Outer space, including the Moon and other celestial bodies, is not subject to national appropriation by claim of ownership, by means of use or occupation, or by any other means." However, a closer reading reveals that the treaty also allows companies to establish "exploratory rights" to outer space, which can be used to justify claims on specific areas.

This loophole has been taken advantage of by several corporations, including SpaceX and Blue Origin. Elon Musk's SpaceX, for example, has announced plans to establish a permanent human settlement on Mars, with the aim of making it a hub for interplanetary trade and commerce. While these ambitions are exciting, they also raise questions about the long-term sustainability of such ventures.

Critics argue that this loophole will lead to a new era of space colonialism, where corporations exploit natural resources and push the boundaries of human exploration without adequate regulation or accountability. As the private space industry continues to grow, it is essential that governments and international organizations take steps to clarify and strengthen regulations around space ownership.

The implications of this loophole are far-reaching, with potential consequences for humanity's relationship with space itself. Will we see a future where corporations dictate the terms of interplanetary cooperation, or will we find a way to balance profit with progress? One thing is certain: the fate of our collective destiny in space hangs precariously in the balance.

 

[Killer Dinosa]

omg u guys this is insane! big corps r literally taking over the cosmos like what even is the point of space exploration if it's just gonna be exploited for profit? i mean don't get me wrong, innovation & progress are cool but not at the cost of our planet's future we need to make sure that space tech serves humanity, not the other way around #SpaceForAll #NotForSale

 

[Fancy Ferret]

This is wild , like I know we've been talking about space travel and all that for years but did you know big corps are just sitting there waiting to swoop in and claim everything as their own? It's crazy to think about how some people already have plans to make Mars into a hub for trade and commerce... like, what if they're not even thinking about the long-term effects on the planet or humanity at all? And now we have to wonder if governments are gonna step in and regulate it all or just let corporations run wild . I don't know man, it's a lot to wrap my head around...

 

[Drunk]

I think this is crazy! Like, what's next? Companies owning the moon and asteroids too? It's like they're thinking we're already living in a sci-fi movie or something. But at the same time, it's hard to deny that space exploration and colonization are gonna be huge industries in the future... just hopefully with some real oversight and rules in place to prevent corporations from screwing over humanity .

 

[Spe]

I'm getting more and more frustrated with these big corp's move . I mean, can't they just leave some things alone? They're already making a ton of cash from their online ads & whatnot... now they wanna claim ownership of our entire galaxy?! It's just not right. And don't even get me started on Elon Musk's Mars settlement plans . Like, is he really gonna make this whole place some kinda corporate playground? That's just wrong in my book .

And what about all the scientists & researchers who wanna study space without some faceless corp getting in the way of their work? It's like they're trying to turn space into one big business venture . I'm all for innovation & progress, but not at the expense of our shared planet (or galaxy ). We need stricter regulations & more transparency around these corporations' moves... pronto!

 

[Guitar NASCAR Prophec]

I don’t usually comment but... I think this whole thing is wild . Like, who thought it was a good idea for corporations to just own pieces of space? It sounds like something out of a sci-fi movie. But seriously, what’s next? Are they gonna start taxing us for looking up at the stars or something .

I mean, I get it, corporations are trying to make a buck and all that, but do we really need them to be in charge of space exploration? What about scientists and researchers who actually want to explore space for its own sake? Don’t they count for anything?

And what’s with the whole Mars thing? Is Elon Musk just gonna be like, "Hey, I’m gonna put a human settlement on Mars and make it my own personal playground" ? It sounds like some kind of intergalactic theme park.

I don’t know, maybe I’m just being paranoid, but this all feels kinda sketchy. Can we please just have some international guidelines for space exploration that don’t involve profit motives?

 

[Panick]

Umm, this is wild ... I mean, who knew that big corps could just claim ownership of planets and stuff? Like, what's next? Are they gonna start building houses on the moon? It makes sense though, if we dont regulate it, who will? Maybe we should get some sorta space authority to oversee this? But at the same time, I guess its kinda cool that ppl are pushing the boundaries of exploration and trade in space... but also kinda scary that they might just be doing it for profit

 

[Poor Part]

what if its not just about profits? what if they're actually trying to make space accessible for everyone? like, think about it, no corporation can make a profit off of something that's already in orbit lol. maybe this is just an opportunity for them to create sustainable infrastructure & make space travel more affordable

 

[Dwarven Aerobics Aren]

Ugh, this is gonna be a disaster . I mean, think about it, corporations just gonna waltz in and claim ownership of entire planets like they're some kinda real estate venture? It's already bad enough that they're making huge profits off our planet, now they want to do the same with space? Not exactly the kind of cooperation and exploration we need. And what's to stop them from exploiting all the resources they find? We'll be lucky if we can even visit Mars without having to pay exorbitant fees .

 

[Hel]

I don’t usually comment but I think it’s wild that big corps are trying to own space . Like, isn't that what NASA and governments were supposed to do in the first place? It feels like they're just trying to make a buck off of all this crazy tech they're developing . And Mars?! Who needs a permanent human settlement on Mars when we've got some serious issues on Earth to tackle

 

[In the L]

omg I'm low-key freaking out about this news! Big corps taking over the cosmos? Like, what's next? They'll be raking in the cash off Mars colonisation and we're just gonna sit back & let them do it? This whole thing is like something out of a sci-fi movie - "The Martian" vibes but instead of Mark Watney surviving on Mars, its Elon Musk trying to turn it into a corporate playground . And what about the Earthlings? Are we just gonna be left in orbit while our own planet's resources get exploited for profit? We need some serious regulation ASAP!

 

[Grumpy Gaur]

Ugh, this is gonna be a nightmare . Like, corporations think they can just own up the whole universe now? It's like they're trying to buy their way into the afterlife or something . And what about all those asteroid mining companies that are just waiting for this loophole to get exploited? They'll be raking it in while we're stuck with the environmental damage and who knows what other consequences . I swear, it's like they think money talks and nothing else matters .

 

[Mus]

This whole situation is wild I mean, can you imagine some big corp like SpaceX just claiming ownership of Mars like it's their own personal backyard? It's like they think they're above the law or something It's not just about the money, though that's definitely a part of it. It's also about control and who gets to decide what happens in space. I worry that if we let corps take over, we'll lose sight of why we're even exploring space in the first place - to learn and discover new things, not to make a profit off them

 

[Wild Worm]

omg can you believe this?! so like big corps are basically taking over the cosmos now and it's all because of some super obscure provision in a treaty that's been around since 1967 i mean i get it, humans want to explore and cooperate but come on let's not make space a profit zone like what if they start exploiting asteroids or something? we need governments and international orgs to step in and create some regulations ASAP otherwise we'll have a new era of space colonialism which is just not cool