Some legal issues like sovereignty, national security, liability and environment exist already in state-centric space era. The legal scholars interpreted the term ‘sovereignty’ differently. The paragraphs highlight sovereignty in general within the norms of international law. The commercial information related with economic benefit like natural mineral reserves is siphoned out from the territory of the state without its permission on violating the principle of sovereignty. The next serious concern is national security after going through the legal hurdles for sovereignty and proprietary rights over the private actors’ commercial ventures. The protection of Intellectual Property Rights (IPR) will play an important role to attract private actors. Licencing contracts are concluded between governmental space agencies, between governmental agencies and private companies, and between private companies. The imposition of IPR already brings the financing problem of new private actors to start their commercial space ventures.