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The Pros And Cons Of The Outer Space Treaty

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An interest of mine is with the privatization and commercialization of space. One of issues that is preventing this from being accomplished is current laws. If the world ever wants to truly privatize and commercialize space it will need to re-look at or come up with new laws. The Outer Space Treaty does not address private companies specifically. Reason for this being because when it was drafted only a handful of countries had a space program and they were lead primarily by government agencies. This has become a greater issue with the continued discovery of valuable natural resources like nickel, platinum, and even water on asteroids and other celestial bodies in space. Article 1 in the Outer Space Treaty dictates that exploration

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