The twenty-first century accomplishments in the sphere of space activities have gone much beyond past human imaginations. After the dream to enter outer space and to land on the celestial bodies has become reality, the next level of thinking in terms of exploitation of celestial resources has started. It is not only States but also private entities that have started to enter the realm of outer space for various commercial activities, and the latter are not far behind even in their plans to exploit celestial resources. In this era of a race to celestial resources, the Artemis Accords of the United States made headlines in 2020. While showcasing it as the sustainable practice of space resource exploitation, the United States has sought international cooperation by acceding to the Artemis Accords. By highlighting the non-binding nature of the Artemis Accords, the United States has asserted that they are not in violation of any international space treaty. The number of States joining the Artemis Accords is increasing regularly. In this context, it has become significant to evaluate the status of the Artemis Accords under the gamut of international space law. Though the Moon Agreement 1979 is explicitly against such select-few grabbing celestial resources, its limited ratification by States makes it ineffective. Hence, the crucial debate is on the compatibility of the Artemis Accords with the Outer Space Treaty 1967, which provides for fundamental principles of space law.