Encouraging space exploration through a new application of space property rights

Two major treaties define the legal framework of space, the Outer Space and Moon Treaties. The former prevents conflict and ensures free access in space, in part by preventing property claims in space, while the latter in part established the need for sharing space resources between the developed and less developed nations. Several groups argue that this has unintentionally restrained space commerce. Discussions supporting or expanding the current legal regime are contrasted with allowing individual property rights. A normative solution is suggested for establishing property rights and establishing equity between the developed and less developed nations.