Extraterrestrial Real Estate - Private Purchase Schemes

Private Purchase Schemes

A number of individuals and organisations offer schemes or plans claiming to allow people to purchase portions of the Moon or other celestial bodies. Though the details of some of the schemes' legal arguments vary, one goes so far as to state that although the Outer Space Treaty, which entered force in 1967, forbids countries from claiming celestial bodies, there is no such provision forbidding private individuals from doing so.

Many states and countries have corollaries to their real estate and property laws to prevent wanton claiming of new-found lands, that state that a simple claim to the territory is not enough; the claimant must also demonstrate "intent to occupy", something that, at this time, is obviously difficult to do with the Moon or any other celestial body.

Considering these facts, legally, the schemes' "deeds" have only symbolic or novelty value and no official governing body in the world has yet granted any legal validity to them.

The short story The Man Who Sold the Moon by Robert A. Heinlein, which was written in 1949, offers a portrayal regarding such plans or schemes, and created the concept of a Lunar Republic. Heinlein's Stranger in a Strange Land also makes reference to a space law case called the Larkin Decision.