TL;DR
Before anyone mines the Moon or an asteroid, someone has to decide who owns what comes out of the ground, and that rulebook is now being written. A United Nations working group has put out a draft saying that digging up resources in space, done within the existing space treaty, does not by itself count as a country grabbing territory, and that sharing the benefits is something nations need only "consider." That is close to the view of the U.S.-led Artemis Accords, now signed by 76 nations, and four countries already let their companies keep what they extract. If the UN text survives, the legal question that has hung over space mining for decades starts to close in favor of the miners. The catch is that the UN committee needs all of its 110 members to agree, and consensus can stall indefinitely.
Below the line, for paid subscribers: The full story: where it stands, how we got here and what's dated next; our Odds board on 5 milestones, starting with "The working group holds all six planned meetings before the April 2027 session by 2027"; and every source.



