The space economy and its applications can improve the daily lives of people worldwide through their contributions to, among other things, connectivity, environmental monitoring, satellite navigation, mobility, weather forecasting and many more. The wish and need to increase access to these applications and services and their benefits also brings the need to protect the outer space environment. In a constructive discussion, the panelists will cover use cases and best practices of space and its applications, the various regulatory frameworks and policy developments as well as the ways to preserve the use of space for future generations.