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ABSTRACT Space law is the body that controls all space-related activity. It is made up of several treaties and accords. There is no territorial jurisdiction and no state can control space because law regulates it and space is a region that does not belong to any country. International law governs space since it is outside the purview of states. The area is slowly developing and the rules there are also developing slowly because it is not a portion of where human habitat is created. The area is slowly developing because it is not where human habitat is formed, and the laws there are also being developed gradually. However, the state had complete control over space and space activity, and all of these activities were governed by state law and the space laws were organized around that framework. However, private organizations are now taking action. Additionally, there are a lot of brand-new commercial activities emerging, but no laws exist to regulate them. Furthermore, the law on space is being attempted to give double interpretation due to the development of space activities, particularly commercial ones. Therefore, laws must be created to ensure peaceful space activities. A few economic activities, including space mining, space travel, and the exercise of property rights in space, need to be completely prohibited. Such operations are prohibited by international space law, which states unequivocally that everyone has a right to use space for humankind as a whole. Not for any individual or specific nation. Already, space operations are harming both the earth's and space environments with numerous environmental risks and space debris. Additionally, future commercial space activities may pose a serious threat.