1. This document discusses the legal theory of space and how countries located along the equator are marginalized by current international agreements regarding space. 2. It proposes a theoretical framework for regulating space usage to benefit all humanity based on principles adapted from international sea law. 3. The conclusion is that properly formulated, the legal theory of space could be used to enforce law in space, increase economic potential for countries, and catalyze technological mastery, while maintaining a balanced representation between what should be and what is regarding space usage internationally.