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Is it legal for a private entity to found a space colony?

Ex. Build a rotating habitat in orbit around the Earth and let people live there indefinitely

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    $\begingroup$ en.wikibooks.org/wiki/Colonizing_Outer_Space/Colonization/Law $\endgroup$ – DJG Jul 15 '19 at 18:44
  • $\begingroup$ I think if you could actually build it you aren't going to need to worry about that... $\endgroup$ – GdD Jul 15 '19 at 20:00
  • $\begingroup$ You should note there is potentially a legal difference between orbital habitats and surface habitats, so you may want to specify whether you are interested in one specifically or an overview of both. $\endgroup$ – called2voyage Jul 15 '19 at 20:30
  • $\begingroup$ In what jurisdiction? Vatican? $\endgroup$ – horsh Jul 15 '19 at 21:49
  • $\begingroup$ Lol... international treaty provisions would do I suppose $\endgroup$ – DJG Jul 15 '19 at 22:01
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The Outer Space Treaty represents the basic legal framework of international space law and, among its principles, it bars States Parties to the Treaty from placing nuclear weapons or any other weapons of mass destruction in orbit of Earth, installing them on the Moon or any other celestial body, or to otherwise station them in outer space. It exclusively limits the use of the Moon and other celestial bodies to peaceful purposes and expressly prohibits their use for testing weapons of any kind, conducting military manoeuvers, or establishing military bases, installations, and fortifications (Art.IV). Moreover, it explicitly forbids any government from claiming a celestial resource such as the Moon or a planet. Art. II of the Treaty states, in fact, that “[o]uter space, including the moon and other celestial bodies, is not subject to national appropriation by claim of sovereignty, by means of use or occupation, or by any other means.”.

(from https://en.wikisource.org/wiki/Outer_Space_Treaty_of_1967)

This question and its answer(s) ("What lunar legalities are currently in place") will inform somewhat concerning the moon itself, and furthermore refers to the United Nations Office for Outer Space Affairs, which has reportedly been more active in recent years.

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