“New Space” arrived with the sudden prospect of thousands of small satellites being launched into orbit and the realization that space traffic management (STM), space debris, and Near-Earth Object (NEO) problems need to be resolved so that New Space activities can be safe. Present-day commercial activities in outer space are changing the way we function extraterrestrially. Earth and our space-related infrastructure are threatened by traffic congestion, collisions with satellites and space debris, and NEOs. Technical norms must be developed so that commercial opportunities in outer space can be realized and enlightening scientific exploration can continue.
Paul B. Larsen, Minimum International Norms For Managing Space Traffic, Space Debris, and Near Earth Object Impacts, 83 J. Air L. & Com. 739 (2018)