individuals in establishing property rights in space, has been an impediment to the development of space for both human habitation and commercial development. Since the advent of space technology in the latter half of the twentieth century, the ownership of property in space has been murky, with strong arguments both for and against. In particular, the making of national territorial claims in outer space and on celestial bodies has been specifically proscribed by the Outer Space Treaty, which had been, , ratified by all spacefaring nations. In November 25, 2015 President Obama signed the U.S. Commercial Space Launch Competitiveness Act (H.R. 2262) into law. The law recognizes the right of U.S. citizens to own space resources they obtain and encourages the commercial exploration and utilization of resources from asteroids. According to the article § 51303 of the law: See also Space launch market competition Commercial astronaut Private spaceflight Satellite Internet access Space industry Space manufacturing Space-based industry Space pollution References Futron Corporation (2001) "Trends in Space Commerce". Retrieved January 24, 2006 External links Ethical Issues Lunar Land Grab Office of Space Commercialization Property Rights Government Policy Mir Space Station Privatization Satellite broadcasting Space industry 1962 introductions Space-based economy