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This Note will discuss why maintaining the status quo, while waiting for the technology to mature, will encourage development and strengthen the industry before being smothered by laws and regulations promulgated by parties who may have conflicts of interest. This Note will first explain why scientists are attempting to mine asteroids. It will then examine the rules that apply, including the two main space treaties (the Outer Space Treaty and the Moon Treaty), the modern view of the court, and the history of deep-sea mining. Finally, this Note will apply the treaties to modern plans being developed to harvest an asteroid.

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