Space exploration and utilisation is increasingly focussed through the lens of private space activities. Whilst international treaties and agencies provide the framework for access to, and utilisation of, space, the rapidly increasing activities of private entities is leading to new challenges, both legislative and technical. Governments are responding in a range of different ways to meet the goal of supporting this growing sector whilst ensuring that their national and international obligations are met. Based on the review of current and near future trends, some suggestions are made on risk assessment methodologies that may help provide clarity when assessing safety in space.