Nowadays telecommunications, which are mostly channel through devices orbiting Earth, has spawned a specialize branch of Law used by most people, yet unknown to the general public.Furthermore, the dangerous nature of Space activities has resulted in a liability regime particular to this area of Law.The following article studies the liability issues of Space Law by analyzing the Convention on International Liability for Damage Caused by Space Objects and the international law instruments that complements it.In addition, the article promotes a deeper study of insurance of orbiting satellites, as well as, the launching process of elements into space.