What's the Latest Real Estate News on the Final Frontier?

If you want to get in on development of private property on the moon, you may be too late.

Ronald Bigelow, a hotel entrepreneur who made millions with Budget Suites of America and other real estate ventures, is working with the National Aeronautics and Space Administration to settle the moon.

CNBC reports that Bigelow is applying to the Federal Aviation Administration's Office of Commercial Space Transportation to amend a the 1967 international agreement on outer space settlement “so that a system of private property rights can be established” on the moon.  See the "Treaty on Principles Governing the Activities of States in the Exploration and Use of Outer Space, Including the Moon and Other Celestial Bodies" on the U.S. State Department’s site, here.

Bigelow’s business is inflatable habitats, and he’s working with NASA.

His motivation, among other things, is China.  "The big danger here isn't a fear of private enterprise owning and maximizing profitable benefit from the moon," he told CNBC. "The big worry is America is asleep and does nothing, while China comes along, lands people on the Moon, and decides, 'We might as well start surveying and laying claim, because who is going to stop us?' there."

"No one 'anything' should own the moon," he said. "But, yes, multiple entities, groups, individuals, yes, they should have the opportunity to own the moon."

Today’s CNBC article, with video, can be found here. 

And:  Bigelow has been at it a while.  See a 2010 New York Times story on the "iconoclast," here.

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