US Space Act→

Tech Times:

Eric Anderson, co-founder and co-chairperson of Planetary Resources, called the U.S. Space Act “the single greatest recognition of property rights in history.”
“This legislation establishes the same supportive framework that created the great economies of history, and will encourage the sustained development of space,” he said.
But some lawyers and experts voiced potential conflict between the Act and the Outer Space Treaty of 1967, which declares points such as “states shall avoid harmful contamination of space and celestial bodies,” and that celestial bodies and outer space in general are “not subject to national appropriation by claim of sovereignty, by means of use or occupation, or by any other means.”

It’s a bit of a problem, that balance, but I think something like the Space Act is necessary to help incentivize private space exploration. Humanity needs to spread beyond the Earth.