This is an archive article published on May 18, 2022
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China, US are racing to make billions from mining the moon’s minerals

Just like in the era of Sputnik and Apollo more than half a century ago, world leaders, the US and China this time, are again racing to achieve dominance in outer space.

NASA's SLS rocket and Orion spacecraft pictured here at the Kennedy Space Center. The space agency is currently preparing the rocket to be rolled out for a wet dress rehearsal after three failed attempts. (Image credit: NASA)NASA's SLS rocket and Orion spacecraft pictured here at the Kennedy Space Center. The space agency is currently preparing the rocket to be rolled out for a wet dress rehearsal after three failed attempts. (Image credit: NASA)
13 min readMay 18, 2022 03:25 PM IST First published on: May 18, 2022 at 03:25 PM IST

“There’s going to be a new world order out there, and we’ve got to lead it,” US President Joe Biden said after Russia’s war in Ukraine upended global geopolitics. Far from Earth, that transition is already happening.

Just like in the era of Sputnik and Apollo more than half a century ago, world leaders are again racing to achieve dominance in outer space. But there’s one big difference: Whereas the US and the Soviet Union hashed out a common set of rules at the United Nations, this time around the world’s top superpowers can’t even agree on basic principles to govern the next generation of space activity.

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