Abstract
This analysis aims at proposing a fresh legal view of the Outer Space Treaty (OST) that would conciliate the presence of both nations and private entities in the industry. The latter, who has been revealed to be a major player of the space industry in the last two decades, is today slowed down by the absence of clear international legislation in several domains pertaining to the exploitation of outer space. In order to allow for the growth of the space sector, it then seems essential for the international community to act accordingly. On the 50th anniversary of the Outer Space Treaty, it is fitting to envisage a substitute that would need to take into account the commercial aspirations of states but also protect the ability of firms to generate profit in order to foster investments. This could be accomplished by integrating principles of global governance to international space law in order to dynamize the sector, all the while setting up a regime that affirms the status of states as patrons of the protection of the general principles of the original OST. This way a balance could be found between the ambitions of the private sector and the sovereignty of nations.
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Notes
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Jacquet Pierre, Pisani-Ferry Jean, Tubiana Laurence (eds), (n 5), 74–92.
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Degrange, V. (2018). Into the Twenty-First Century: Integration of Principles of Global Governance in Space Law. In: Froehlich, A. (eds) A Fresh View on the Outer Space Treaty. Studies in Space Policy, vol 13. Springer, Cham. https://doi.org/10.1007/978-3-319-70434-0_8
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