Investment in space initiatives and related fields has grown exponentially in recent years, posing a range of questions regarding the rules of governing the activity. How are various roles distributed between the private and public sectors in the worlds leading space nations? What adjustments to the national and international regulation should be made as near-Earth space becomes increasingly crowded? What are the key incentives and key hurdles to attracting private sector to the space industry and what are the prospects for growth of private investment in Russia and elsewhere, given the specifics of development of space technologies? What should be done to fully benefit from investments and when is publicprivate partnership the most effective form of collaboration?