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BUSINESS INSIDER: The space kingdom of Asgardia claims to be 'the first nation to have all of its territory in space' — thanks to a new satellite

Asgardia is currently a non-profit non-governmental organization based out of Vienna, Austria. But its leaders want to eventually build a kingdom in space that mines asteroids and defends planet Earth from meteorites, space debris, and other threats.

"Asgardia will be a space nation that is a trans-ethnic, trans-national, trans-religious, ethical, peaceful entity trying to settle the humanity in space," Ram Jakhu, the director of McGill University's Institute of Air and Space Law and one of Asgardia's founding members, said during a June press briefing.