The International Astronomical Union (IAU) says that it does not endorse the sales of property on the Moon. How can you sell land on the Moon without their approval?
The IAU is well respected, and rightly so, for the role it plays in standardizing the catalogues of planetary nomenclature and star designations. However, the IAU is not a governmental agency and as such has no authority to govern, make laws or determine sovereignty on any planetary body. The IAU was formed by a group of Earth-based astronomers who decided arbitrarily that no other organization could purchase property on the Moon; their position on this matter has no basis in law as the organization has no authority to create and administer laws.
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