Due to the Space Treaty, it is not possible for countries to take a piece of “real estate” in space, for example on the moon. But there may be a loophole, at least, according to the Americans. Private persons and companies do not fall under the Space Convention, according to them. Who is right?
The Space Treaty is outdated and currently hinders the development of humanity. In my opinion, some form of property rights will have to be arranged, or a UN agency should take care of this. Otherwise anarchy threatens. A space war between, for example, Virgin Galactic and Spaceship One is something I don't think anyone is waiting for.
City on the moon