Regulation of Corporate Sovereigns:
The Governance of Space Exploration Corporations
This project aims to explore the regulation of corporations that exercise quasi-sovereign powers, what I call ‘corporate-sovereigns’, using the case study of space exploration corporations. The project will study the issues associated with private governance in space and the potential regulation of space exploration corporations as would-be corporate-sovereigns.
Corporations like the British and Dutch East India Company (EIC) and the Hudson Bay Company were chartered by their home countries to commercialize, and subsequently colonize, new territories. They held powers normally associated with sovereign States, including to hold a private army, wage wars, imprison and even execute convicts, negotiate treaties, and establish colonies. They pioneered corporate structures and enriched their shareholders and countries of origin, but also abused indigenous populations and resources and caused significant disturbance also back home, including a stock bubble that burst and a political and constitutional crisis in the UK.
The US administration charters and licenses corporations like SpaceX and Blue Origin to undertake daring projects to commercialize and colonize Earth orbit and outer space, including mining space resources and establishing installations and even extra-terrestrial habitats. Canada follows suit with a new Space Strategy that promotes the leading role of the private sector. How will these new corporate-sovereigns be regulated and by whom?
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The recently declared Artemins Accords, to be negotiated with NASA’s international partners, including Canada, will establish the framework for governance in space. for generations to come. How should this issue be introduced to and addressed in the Artemis Accords?
The project was initiated and is led by Dr. Eytan Tepper who came up with the idea for this research topic after reading an account of the East India Company. This is an international study to which professors from universities worldwide joined as partners: Jean-Frédéric Morin, Laval University (Québec, Canada), Ram S. Jakhu, McGill University (Canada), Alexander W. Salter, Texas Tech University (USA), Alexander Ezenagu, Hamad Bin Khalifa University (Qatar), Christopher Whitehead, Auckland University of Technology (New Zealand), and Bridget Fa’amatuainu, Auckland University of Technology (New Zealand).
The project will be formally launched with a Workshop to be held in Québec City in August 2021 (see the Call for Papers here).