The global space governance model, in its current form, excludes numerous space activities and allows actors to operate under the wide-ranging and often conflicting interpretations of existing frameworks. Present-day space exploration has extended its notion far beyond government-led and funded missions, and now fully encompasses private sector actors, new technological advances, and services in non-traditional space sectors. So far, numerous efforts and approaches have not shown to be completely effective, and more is needed to provide new order as new space interests, and technologies are pursued and developed. This phenomenon creates a vacuum in the legal order, forcing nations to devise their own rules of the game and compliance mechanisms.
The paper highlights the global space governance landscape and gaps, the factors affecting the current space governance regime and threats to achieving the United Nations Sustainable Development Goals 2030 and propose recommendations for the new space age.