Abstract: Great achievements have been in exploration and exploitation of outer space sinc e 1957. The trend of space commercialization and privatization brings about dras tic changes in space activities. As such, many legal issues arise, needing urgen t resolution. This paper picks up several important legal issues for a brief dis cussion and expects further in-depth analysis in future space law research. The legal issues include space legislation, space property, peaceful use of outer s pace, space tourism, space environment, space cooperation, and space financing.