The paper focuses on one of the most crucial issues of International Space Law nowadays – the lack of space navigation regulation. It describes the current state of orbit congestion by the growing number of satellites and proves the critical necessity to modernise the existing regime of outer space. The author suggests the development of a special legal regime for space navigation by drafting the Convention on the Safety of Space Navigation and establishing the International Convent – an intergovernmental organisation responsible to operate and control further evolvement of human extraterrestrial travelling.