Space industries are a $250 billion/year global market and growing rapidly. The telecommunications industry is a $1.4 trillion/year global market with continued strong growth anticipated. Both industries are global with the United States being the single largest actor. The space and telecommunications industries share an overlapping legal regime to an extent and increasingly share concerns over common problems, including space traffic management and security and risk management of space assets.

For example, the US military leases transponders on commercial satellites during times of conflict and commercial satellite operators are increasingly concerned about protection of their space assets and must rely partly on the US military for security and traffic management. Thus, military, civilian, and commercial interests in space and telecommunications will increasingly need to interact to solve problems.

Most other space law programs worldwide are combined with air law even though air and space law are subject to distinct legal regimes. Moreover, most of these programs place the majority of their emphasis on air law. Space law and telecommunications law will be equally important components of the University of Nebraska Law College's LL.M. program.

Students interested in space and telecommunications law will also benefit from other secondary course offerings common to both areas of law, including international law, cyber law, and intellectual property law. In today's world and in the future, the combination of space and telecommunications law will best equip lawyers in each of those fields to serve client needs - whether those clients be government or private sector entities.