Instead of Friday Flybys this week, here's a small bankroll of recent items I've been meaning to post from the world of space finance... (Shall we say Frugal Flybys? Nah.)
Noted space lawyer Art Dula brought up a common concern for the aerospace industry—export control—and suggested new space companies should consider moving offshore in large part because of it. "I would argue today that the United States is not the venue of choice for a person who wants to start an aerospace startup company," he said. As an alternative, he suggested the Isle of Man, a Crown dependency of the UK that offers space companies based there a zero-percent tax rate, as well as less-onerous export controls. That company would then contract with an independently-established American company to do business in the US.
Dula also pointed out that while the US has the best-developed space law of any country, there are still a number of key uncertainties in space law and treaties. "We don’t have any definition of where space starts. We don’t have any definition of what, for example, a ‘celestial body’ is. We’re not exactly sure what a ‘space object’ is; it’s not well defined," he said. "So there’s a great deal of law that we’re going to have to rework over the next few years as this becomes a real business."
Here, here. More work for space lawyers. (And watch this blog for more on Isle of Man space law.)
Have a frugal weekend ;)
A few more quick items --
You know what makes this bird go up? Funding makes this bird go up.
He's right. No bucks, no Buck Rogers.
--The Right Stuff (1983)