The very existence of human life on earth today is dependent on space-based services. From banking and money transfers to streaming online content and using maps, the internet and other technological capabilities are being widely used by everyone across the world. From the individual level to the international level, space-based services play a crucial role. However, there are still many challenges and threats within the space domain, that need to be addressed at the national, regional, and global levels. All these imply the fact that space is both a competent and vulnerable domain in the contemporary world.