Managing the international space - the big challenge ahead

This paper deliberates on the kind of challenges the international space business might have and what actions should the states undertake to help operators to access to space. This is a qualitative research paper. The entire material included in this article comes from dedicated conferences and seminars about space business and policy organized, legal documentation, and literature review, which refer to business security or safety in this subject. The analysis conducted by authors shows that states are forced to take internal actions, to monitor and control private activities of entrepreneurs. Interaction of international and national legislation is necessary for the face of privatization of space activities (in the domain, such as liability and jurisdiction). States have the legislative mechanisms needed to establish a licensing and monitoring regime and a sanctioning system. States should also be aware that economic and security challenges show the importance of peaceful cooperation between states according to the United Nations treaties. In such an environment, operators can be competitive and cooperative in the international space market. The constant process of commercialization of space requires adapting the existing legislation to current needs and challenges. The economic challenges show the importance of peaceful cooperation between states. As technology progresses and small satellites emerge, access to space becomes easier and cheaper. It favours small countries and their private entities. Free and undistorted competition, in line with the basic principles of operation of democratic states, should be supported by new space programs and strategies and national regulations, so as to make this space available to all. The subject of the article is innovative and new. As there is limited literature available on this subject, therefore, there is a clear need to fill this gap. The authors keep the reader informed about the latest updates and information in respect to management, policies and law regulation in the space