This should not be privately owned. It should belong to the entire human race. Otherwise it will be more of the same fallacious drivel that landed us in our current predicament.
There's plenty that's flawed about capitalism, but the thing is that it works better than anything else we've so far thought of for providing actual incentives for people to push the envelope of what's possible and create new things in economically viable ways. If there were some way to equally effectively incentivize regulatory oversight - which we manifestly do not have in existing governmental structures - we'd be in solid shape.