The space sector is evolving rapidly, with new public- and private-sector actors propelling it towards commercial launch and space tourism, ever-larger constellations that provide connectivity and ever-more precise Earth observation, as well as partnerships for lunar exploration and beyond. As the domain undergoes this important transformation, the Global Future Council on Space will explore critical challenges for the sector, such as the need for new governance frameworks like Space Traffic Management, a greater understanding of the sector’s socio-economic impact such as environment and climate monitoring as well as the future of space exploration. The council will also support the launch of the Space Sustainability Rating (SSR).