The first lunar settlement would have a big advantage over others that came later. Clementine and Lunar Prospector have demonstrated that the poles of the Moon have many potential advantages over other areas of the Moon. The lunar poles have water which is frozen and/or bound into the lunar soil. In addition, the polar mountain tops are not cursed with 14 days of darkness every month.
The team that is first to find a way to build affordable human transport to the Moon would get first choice of the Lunar poles. The second would have to settle for 15% less land, and the less desirable pole. Claims after that would be worth much less. That should provide a powerful incentive to race to be the first.
Note: The first 25 FAQs below are reprinted from the Space Settlement Initiative website.
What is the real purpose of enacting a Lunar land claims recognition law?
What does international law say about private property ownership in space?
Can there be property ownership without national sovereignty?
What if other nations refuse to recognize land claims in space?
Why not allow smaller, limited land claims for easier steps than settlement?
Could lunar land really be worth enough money to make a difference?
What conditions should the US set for recognition of a claim?
How much land should a settlement be able to claim... and why?
Are the weaknesses and compromises in this plan likely to be permanent?
Could other sources of revenue be enough without land claims recognition?
What effect would this have on NASA and the aerospace companies?
The FAQs above cover basic questions about Lunar Land Claims Recognition. The following questions address more advanced issues.
If we really went to the Moon in 1969, why aren't we there now?
What were the assumptions before the Outer Space Treaty, (e.g. Robert Heinlein)?
Will changing how NASA works bring the taxpayers back on board?
Could this law force the US to recognize a foreign government's Lunar land claim?
Would Article VI of the Outer Space Treaty prohibit Lunar land claims recognition?
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