This document analyzes the current status of space law and conventions regarding sovereignty in outer space. It discusses key treaties like the Outer Space Treaty of 1967 and the Moon Treaty of 1979. While these treaties established some framework, many challenges remain unaddressed. Issues around defining boundaries between airspace and outer space, liability for damage, and jurisdiction over objects in space continue to be debated. The document concludes more work is still needed to harmonize regulations and reduce ambiguity regarding sovereignty and activities in outer space.