At least he has a claim in accordance with the Terra (Luna?) Nullis rules
used to establish ownership of otherwise unclaimed and uninhabited land.

If the claim would stand in an International tribunal context is
questionable. However, it maybe likely that there would be some kind of
compensation, should his claims (and those of the people buying from him)
be nullified at some point in time.

In the end, I'd say that the value of the claims depend on what humanity
does with the moon in future. If they colonize or mine or otherwise
exploit it - which would require some sort of ownership arrangements, then
his claims are likely to be worth something, if one considers the
precedents in kolonial history. Of course, there is the issue that on
Earth teritories have been claimed on behalf of governments and
individuals had been chartered to do so at the time.

However, the mere filing of the claim in an American land registry by an
individual could even be taken as a base to claim American jurisdiction
over the moon - a scary thought. On the other hand, he did declare
independence (uncontested) and proclaimed his own nation state and
government. Legally, this is likely to be an interesting case to decide
on, if it ever comes to that.

Still, I believe that there are just enough "registered property owners"
for the moon, to make enough of an impact to warrant some sort
compensation, if not indeed validation, at some point in the future.

So, as a long term investment gamble, buying a few acres of the moon
certainly beats buying lottery tickets. The odds of winning are better and
the bragging rights are priceless :o)

Cheers,
Robert.

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