The Space Economy is today one of the most innovation‑intensive and investment‑driven sectors: the entry of private operators into launch activities, satellite manufacturing, Earth observation, telecommunications, and in‑orbit servicing, along with programs for sustainable return to the Moon and the exploitation of extraterrestrial resources, has transformed outer space into a new strategic and regulated market.
In parallel, the legal framework is undergoing a profound reconfiguration. Alongside the five UN treaties of the 1960s and 1970s (notably the 1967 Outer Space Treaty), there are now the new Law No. 89 of 13 June 2025 (“Provisions on Space Economy”), the proposed EU Space Act presented by the European Commission on 25 June 2025, the Artemis Accords signed by over 35 States, COPUOS and UNOOSA guidelines, and a rapid proliferation of national legislations recognizing private rights over resources extracted from celestial bodies.
LEXIA advises Italian and international companies, institutional and financial investors, public institutions, space agencies, and research centers throughout the entire lifecycle of space activities. Our Space Law practice combines expertise in international, regulatory, corporate, and technology law, in close coordination with the firm’s Data & Technology Innovation, M&A and Corporate, Energy, and Litigation teams.
We provide end-to-end support across all legal areas relevant to the space economy, adopting a multidisciplinary approach tailored to the practical needs of industry operators:
- Launch services and satellite procurement;
- Telecommunications and Earth observation services;
- In-orbit servicing arrangements;
- Joint ventures and consortium agreements.
- Authorisations under Law No. 89/2025 and EU Space Act readiness;
- Launch and operational licences;
- Orbital coordination and frequency management (ITU and AGCOM);
- Relations with ASI, ESA and MIMIT.
- Equity and debt transactions;
- Space-sector due diligence.
- Formation of venture capital funds and investment vehicles, club deal;
- Governance & post-investment support;
- Exit & secondary transactions involving venture capital stakes;
- Cross-border investments & international structuring.
- Patents and technological know-how;
- Satellite and Earth observation data;
- GDPR and NIS2 compliance;
- Applicable industry standards.
- Advice under the 1972 Liability Convention;
- Orbital claims;
- Pre-launch and launch insurance;
- In-orbit insurance policies.
- Space mining and resource-use projects;
- COPUOS guidelines;
- Debris-mitigation requirements;
- Space traffic management.
- Strategic acquisitions and corporate reorganisations;
- Authorisations, licences and relations with public institutions;
- Tax structuring of space-sector investments and transactions;
- Tax incentives, transfer pricing, VAT and customs.
Aurora Agostini
Elena Martellucci