6th Semester Students of B.A, LL.B (Hons.),
Amity University, Noida.
John F Kennedy could not summarise the proposition for space exploration in better words. Space exploration activities enable a country to test its limits and to put its resources in research and development for a better future. From the time that human beings realised the possibilities of outer space exploration, the conjecture of human ethics, inter-cooperation, legal rules, notions of liability expanded. The existing legal framework does provide the answers to various legal implications that are corollary of increased space activities, yet there are many aspects which remain unanswered due to prevailing ambiguities, which surely proves an obstacle for future generations. Mankind’s thirst for having the best in fastest possible time, without having to think of long term consequences, may prove fatal for space exploration. There exist various legal issues that need to be resolved for proper regulation of space activities. The Outer Space treaty of 1967 provides that the space is common heritage of all. It belongs to all of us. Undoubtedly, its use should be reflective of values of international cooperation. This article focuses on the various legal issues that emerge due to commercial activities and the liability of States.
Keywords: Space Law, Space Tourism, Space Insurance, Space law and intellectual property rights