Michael GirdleyGirdley Enterprises, Girdley Enterprises, Inc. · Business builder and investor

How Lucrative is Lunar Real Estate?

Name: How Lucrative is Lunar Real Estate?
Uploaded: 2024-12-11T17:41:21+00:00
Duration: 59 s
Channel: Michael Girdley
Description: The video narrates the story of Dennis Hope, who in 1980 discovered a loophole in the 1967 Outer Space Treaty that prohibits nations from owning outer…

11 Dec 2024 · 1 min

Watch on YouTube

0:59

The video narrates the story of Dennis Hope, who in 1980 discovered a loophole in the 1967 Outer Space Treaty that prohibits nations from owning outer space but does not address individual ownership. He filed a claim with the San Francisco government to own the surface of the Moon and all other planetary bodies, persisting through three levels of bureaucratic managers until his claim was accepted after five hours. Capitalizing on this, Hope began selling lunar and planetary land by the acre for $35, providing buyers with a deed, coordinates, and a copy of his "Lunar Constitution." Despite the novelty, he has reportedly sold over 16 billion acres of lunar real estate, generating millions in revenue. The video also references famous figures such as Tom Cruise, Ronald Reagan, and George W. Bush as purported owners, underscoring the quirky cultural impact of his scheme.

Chapters

Tom Cruise, Ronald Reagan, and George W. Bush. What do they have in common? Well, they all own land on the moon, and you can too. Well, sort of. Meet Dennis Hope, the craziest real estate agent in human history. Back in 1980, Dennis stumbled across the Outer Space Treaty of 1967. It's a legal document that says no country can own outer space, and he spots a huge loophole. Countries can't own space, but it doesn't say anything about individual people. So he immediately goes down to his local government office in San Francisco and files a claim to own the surface of the moon and every other planet in the solar system. They absolutely laugh in his face, but they can't find a rule against him doing it. So he goes full Karen and argues his way through 3 levels of managers. 5 hours later, they finally accept his claim. So he started selling real estate by the acre on the moon, Mars, and every other planet. It only costs $35 an acre and you get a deed, coordinates for your land, and a copy of Dennis's Lunar Constitution. But of course, nobody buys it, right? Well, wrong. To date, Dennis has sold over 16 billion acres of lunar real estate and made millions of dollars.