The international legal regime for outer space was developed in a time when the only participants in outer space were national governments. Now, the balance has changed substantially and commercial users make up the majority of activity in outer space. For commercial activities that happen within the territory of a country, the laws of that country govern those businesses. But outer space is outside the territory of all countries. Consider the following question: Is international space law adequate to cover the needs of commercial users of space and to address the issues that might arise in an area in which no country has sovereign territory?

Argue that current space law is not adequate and explain why, using examples.