Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Faculty Publications Article Faculty Publications -Articles Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Creator An entity primarily responsible for making the resource Dey, Anish; Jagadanandan, Jithin Title A name given to the resource Balancing commercialization and sustainability in outer space: Addressing new challenges Date A point or period of time associated with an event in the lifecycle of the resource 01-01-2025 Source A related resource from which the described resource is derived Acta Astronautica;Volume;229;pp.895-900 Identifier An unambiguous reference to the resource within a given context <a href="https://doi.org/10.1016/j.actaastro.2025.02.010" target="_blank" rel="noreferrer noopener">https://doi.org/10.1016/j.actaastro.2025.02.010</a> <br /><br /><a href="https://www.scopus.com/pages/publications/85217279016?origin=resultslist" target="_blank" rel="noreferrer noopener">https://www.scopus.com/pages/publications/85217279016?origin=resultslist</a> Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant Dey A., School of Law, Christ University, Bangalore Campus - 560 029, Karnataka, India; Jagadanandan J., School of Law, Christ University, Bangalore Campus - 560 029, Karnataka, India Description An account of the resource One notable aspect of NewSpace is the growing influence of private non-state actors. Nation-states have also implemented policies that facilitate the involvement of private non-state players in space activities. The lack of progress in international space law since the Moon Agreement of 1979 highlights the need to reconsider and update the existing legal system. Therefore, it is necessary to create a different framework based on the concept of commercial reality. The article emphasises the impact of NewSpace on the technological and commercial aspects of the outer space industry. An analysis is conducted on the crucial requirement for regulatory reform in the field of outer space law and policy, which arises from these advancements in the future. The persistent obstacle in addressing the commercial development of NewSpace is the lack of clarity surrounding property rights in outer space, particularly concerning the ownership and utilisation of space resources. This article examines the issue presented by the national space laws, which have conflicting and inconsistent views on property rights in outer space. The article also aims to investigate the practicality of establishing an international framework for space cooperation. The importance of the New Age institutional mechanism for international collaboration and the agenda for the proposed mechanism are emphasized. The proposed institutional framework aims to achieve a balance between commercialization and profit-driven market pressures, considering their potential negative effects on the sustainable usage of outer space. In conclusion, the article discusses India's appropriate course of action in response to the emerging problems in the field of space exploration. 2025 IAA Subject The topic of the resource Commercialization; Property rights; Space cooperation; Space policy; Sustainable usage Publisher An entity responsible for making the resource available Elsevier Ltd Relation A related resource ISSN: 945765; CODEN: AASTC Language A language of the resource English Type The nature or genre of the resource Article Rights Information about rights held in and over the resource Restricted Access; Hardcopy may be available in the library Format The file format, physical medium, or dimensions of the resource online