The European Union has introduced the EU Space Act, a comprehensive regulatory framework aimed at establishing a single European market for space activities. The legislation is designed to support the growth of space operations, enhance legal certainty for satellite and rocket manufacturers, and safeguard EU strategic interests in orbit. Key objectives include reducing space debris, improving orbital traffic management, and ensuring a fair and sustainable use of space. The Act applies to both local and foreign space operators, aiming to simplify procedures, protect assets in orbit, and level the playing field to help European companies expand into new markets. It also includes cybersecurity provisions specific to the space sector. The EU Space Act marks the beginning of a broader debate on space regulations, reflecting Europe's intent to lead globally in space governance while addressing challenges such as orbital congestion and space debris accumulation.