• 700 days Will The ECB Continue To Hike Rates?
  • 700 days Forbes: Aramco Remains Largest Company In The Middle East
  • 702 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,102 days Could Crypto Overtake Traditional Investment?
  • 1,107 days Americans Still Quitting Jobs At Record Pace
  • 1,108 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,112 days Is The Dollar Too Strong?
  • 1,112 days Big Tech Disappoints Investors on Earnings Calls
  • 1,113 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,114 days China Is Quietly Trying To Distance Itself From Russia
  • 1,115 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,119 days Crypto Investors Won Big In 2021
  • 1,119 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,120 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,122 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,123 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,126 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,127 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,127 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,129 days Are NFTs About To Take Over Gaming?
Could Crypto Overtake Traditional Investment?

Could Crypto Overtake Traditional Investment?

Despite recent volatility, there is…

Russian Default Looms Large, Visa Joins the Exodus

Russian Default Looms Large, Visa Joins the Exodus

Giant Visa and Mastercard have…

Western Companies Are Being Shamed Into Leaving Russia

Western Companies Are Being Shamed Into Leaving Russia

“Companies that fail to withdraw…

  1. Home
  2. News
  3. Breaking News

Trump Signs Executive Order To Protect Private Moon Miners

Moon Miners

As the world continues to grapple with the COVID-19 pandemic, U.S. President Donald Trump is eyeing something a little more...celestial, if you will, signing an executive order that will bar any international efforts to prevent the removal of resources from the moon. 

On Monday morning, President Trump signed an executive order, which has been in the works for over a year, aptly titled “Encouraging International Support for the Recovery and Use of Space Resources.” The order stresses that the 1967 space treaty enables the use of resources on the moon, Mars, and other places. 

“Outer space is a legally and physically unique domain of human activity and the United States does not view space as a global commons," the order states, adding that “Americans should have the right to engage in commercial exploration, recovery, and use of resources in outer space."

This arrangement also specifies, however, that any businesses in space should comply with international law. In 2015, the Obama Administration passed a law giving the green light to American firms to utilize resources from the moon and asteroids.

This executive order should come as no surprise. Trump has taken a consistent interest in asserting American power in the final frontier, creating the Space Force branch of the U.S. military in 2018 with the goal of carrying out space warfare if needed. The new executive order, however, now aims to clear the path for businesses to go all-in on Trump's plans.

Scientists have long believed that future missions to the moon would yield major resource opportunities that could be used in the energy sector or other purposes. NASA's Artemis program intends to bring Americans back to the moon by 2024.

Researchers are investing a lot of time and resources in new ways for astronauts to live-with and take advantage of the unique ecosystems of celestial destinations. These projects include sustainable shelters, renewable energies and much more. 

By Michael Kern

More Top Reads From Safehaven.com:

Back to homepage

Leave a comment

Leave a comment