Meteorite Hunting: A Growing Business Raises Ownership Questions

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Every day, approximately 48.5 tonnes of space rocks enter Earth's atmosphere, sparking debates over legal ownership and the implications of meteorite hunting. In New Zealand, a recent discovery has brought this issue to the forefront. An apple-sized meteorite, weighing 810 grams, was found in the central South Island and recorded formally, prompting discussions around regulations for meteorite finds that land on public property.

Historically, some notable meteorites have been recorded in New Zealand, including the 1.3 kg Ellerslie meteorite that crashed into a family's home in Auckland in 2004. The family opted to donate it to a museum rather than entertain lucrative offers from collectors.

Meteorite hunting has become increasingly popular, driven by demand for these cosmic artifacts and the potential for significant financial gain. Some meteorites can sell for millions, attracting high-profile collectors like Elon Musk and Nicholas Cage. The business is particularly burgeoning in China, highlighting a global fascination with these extraterrestrial objects.

New Zealand's approach to meteorite ownership is influenced by where the meteorites fall. If found on private property, the landowner has rights to the meteorite. However, for those found on public land, the "finders keepers" rule applies. Legislation surrounds the export of meteorites, requiring permits, and imposing strict penalties for non-compliance.

As the market for meteorites grows, the balance between scientific study and private ownership raises questions about the future of meteorite discoveries. The ongoing dilemma of how to manage and regulate this booming industry remains to be resolved.

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