Space weathering may have altered the surfaces of airless bodies such as asteroids and the moon, and effectively shock-darkened their surfaces, resulting in much lower reflectance and shallower absorption bands compared to those of simple, comminuted, and powdered rocks produced in the laboratory. Studies of lunar samples from the Apollo missions have led to the suggestion that these reflection properties are inherent to the fine-grained regolith which has recorded a wide variety of shock-metamorphic effects. In particular, the lunar soil (i.e., that part of the regolith with grain sizes below 1 mm) contains native Fe in quantities above those present in the rocks from which the soil was formed. The origin and nature of the native Fe in the soil is addressed, and speculations concerning its effects upon the soil's optical properties are presented. Portions of this discussion draw heavily from earlier papers by our research group.