Currently, the cost of building property on the moon is a topic that is debated. There are international treaties which state that no nation owns the moon, and the resources found on it are shared between all nations. This would allow the developing nations to gain some of the resources that have been found on the moon, and at the same time allow for property to be built on the moon.

Cost of building a property on the moon

Purchasing real estate Build property on moon is not as expensive as you may think. In fact, the cost of building a property on the moon could be cheaper than the cost of buying one on Earth. However, there are still many challenges ahead of us.

First of all, we will need to make sure we have all the raw materials needed for the building process. These materials include water, food, and electricity. We would also need to send all of these materials to the Moon, which would cost an estimated $2 billion.

Another cost factor is the transportation of building materials to the Moon. NASA has proposed a rocket called the SLS that will cost around $20 billion to develop. Once it is developed, it will cost around $4 billion per launch.

The Artemis mission is set to take off in 2024. The Artemis mission will send a crew to the moon to study the surface of the Moon and construct a stable habitat.

International treaties say no nation owns the moon

Various international treaties have stated that no nation owns the Moon. This is because the Moon is not a part of Earth.

The Moon Treaty is a document that sets the boundaries of international law governing space. This document has several sections, including those dealing with liability for damage to space objects and the legality of commercial use of the Moon.

The treaty's main goal is to protect the interests of all nations involved in space exploration. It also prevents countries from acquiring jurisdiction over celestial bodies. It also limits the use of celestial bodies for purposes that might cause harm to other countries.

The Treaty is also widely viewed as the "Magna Carta" of space law. However, there is a significant controversy over its legality.

Experts in space law have pointed out that nation states can not claim ownership of the Moon or other celestial bodies. These bodies are considered res nullius, or "unowned." The treaty states that any state may explore space and may plant a flag, but that no country can claim ownership of the Moon or other celestial body.

Claiming sovereignty over the moon

Despite the fact that the US government has never claimed sovereignty over the Moon, private companies are pursuing the extraction of space resources. This will have significant implications for the economy of the Earth and the international community.

The United States and China are the two major players in the new space race. But both have competing visions of lunar colonisation. The US envisions the Moon as a location for long-term settlements and resource exploitation. The Chinese, on the other hand, sees the Moon as the ideal location to build a world-class space power by 2045.

As a result of the strong interest in space, private companies have started pursuing the extraction of lunar resources. The US government has authorised these companies to begin exploration. However, some space lawyers and critics argue that the Artemis Accords are not legally binding and encourage irresponsible use of lunar resources.

Despite this, several more nations are expected to sign the Artemis Accords in the coming months. This includes Canada, Japan, the United Arab Emirates, and several European countries.