Dennis Hope, self-proclaimed Head Cheese of the Lunar Embassy, will promise you the moon. Or at least a piece of it. Since 1980, Hope has raked in over $9 million selling acres of lunar real estate for $19.99 a pop. So far, 4.25 million people have purchased a piece of the moon, including celebrities like Barbara Walters, George Lucas, Ronald Reagan, and even the first President Bush. Hope says he exploited a loophole in the 1967 United Nations Outer Space Treaty, which prohibits nations from owning the moon.
Because the law says nothing about individual holders, he says, his claim—which he sent to the United Nations—has some clout. “It was unowned land,” he says. “For private property claims, 197 countries at one time or another had a basis by which private citizens could make claims on land and not make payment. There are no standardized rules.”
Hope is right that ...
