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Asteroid miners hail Luxembourg’s new law

Lawmakers in the tiny European country of Luxembourg today approved a measure affirming that space resources can be privately owned. The law, adopted nearly unanimously by Luxembourg’s parliament, also sets up procedures for authorizing and supervising space exploration missions. It will go into force on Aug. 1. Planetary Resources – which is headquartered in Redmond, Wash., but has a Luxembourg-based subsidiary – hailed today’s action as further evidence of the nation’s status as a global leader in the space resources sector.

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By Alan Boyle

Mastermind of Cosmic Log, contributing editor at GeekWire, author of "The Case for Pluto: How a Little Planet Made a Big Difference," president of the Council for the Advancement of Science Writing. Check out "About Alan Boyle" for more fun facts.

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