In the absence of clear regulations, the European Union has proposed the Space Act, a set of measures that seeks to make the European space sector a cleaner, safer, and more competitive environment, both domestically and in international markets. The European Commission maintains that current space regulation within the eurozone is fragmented into various national approaches, which slows innovation, reduces European participation in the global market, and generates additional costs. Faced with more than 128 million pieces of debris circulating in space, the Space Act introduces measures to optimize the tracking of objects in orbit and prevent the generation of new debris. Among the initiatives is the creation of the European Space Team, a high-level forum that will bring together key players in the ecosystem, such as the European Space Agency and the European Union Agency for the Space Program, with the aim of coordinating efforts and unifying capabilities across the bloc. Starting this year, the commission will develop a specific methodology to monitor the EU’s competitiveness and market share in the global space economy.