Comment by snowwrestler

Every artificial satellite falls around the Earth in a little bubble of terrestrial national law.

On the ground, legal notions of private property provide some legal protections against national government interference. But there is no private real property in space. 100% of the volume of space is subject to the direct jurisdiction of terrestrial national governments. Every artificial satellite persists only because they are permitted to do so by their national government.

Because of the speed and energy involved, in the U.S. all private space activity is a matter of national security. This means that there are far fewer legal protections, not more. The U.S. president could directly order SpaceX to do almost anything, and they would have to comply. Musk spends tremendous energy and money maintaining alignment with the governments he needs to satisfy to stay in business.