Who Legally Gets to Drill and Exploit Asteroids?

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Who is allowed to mine asteroids, and does Congress actually have the power to grant permission to private companies? Right now, the bipartisan ASTEROIDS Act is being introduced, and it aims to make that a reality. But what about international laws established to prevent any one party from claiming celestial bodies? Well, someone may have found a loophole... But is it fair? Kim Horcher, Tim Frisch, and Xander Jeanneret (King of the Nerds season 2, TheStream.TV's "Under the Table") discuss.

Read more: http://io9.com/can-congress-grant-private-companies-the-right-to-mine-1621149768

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Tags:
aseroids act
asteroid act
asteroid mining
space law
space laws
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asteroid drilling
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Asteroid (Celestial Object Category)
asteroid 2014