Recent discussions of property rights n the moon has pointed out an interesting point - that the Outer Space Treaty of 1967 makes it legal for corporations to claim lunar property.
Companies could therefore stick their proverbial flag in the moon dust to mark it as their own.
Talk about an incredible view! Imagine what the real estate taxes would be like on the moon?!
Implications - Many consumers relish in being able to achieve or experience the impossible. Such an emotion or feeling impacts specific consumers because it provides a sense of exclusivity or elitism. Businesses that can offer impressive and affluent experiences will appeal to consumers constantly seeking prestige.
Lunar Real Estate
Can Corporations Claim Lunar Property?
Trend Themes
1. Lunar Property Ownership - The ability for corporations and businesses to claim ownership of lunar property opens up opportunities for space exploration and potential commodification.
2. Space Tourism - As property ownership and colonization becomes possible, businesses can capitalize on the creation of exclusive, high-end travel experiences for those seeking a unique and ultimately elite experience.
3. Commercial Space Exploration - The possibility of owning lunar property opens up potential opportunities for research, technology and resource development, creating a new frontier for commercial exploration.
Industry Implications
1. Space Exploration - The ability to own and commodify lunar property creates new areas of exploration and research, opening opportunities for space technology and resource development companies.
2. Luxury Travel - With the potential for creating unique and exclusive experiences on the moon, high-end travel businesses can capitalize on catering to a select group of elite travelers.
3. Real Estate - As companies begin to claim and own lunar property, there may be opportunities for real estate companies to provide services and expertise for both residential and commercial lunar developments.