Under current space law, government’s must authorise and supervise space programmes run from their own countries even if they are commercial.

But the group of scientists say that by creating a new nation, space activities can ‘flourish free from the tight restrictions of state control that currently exist’

The team has named the new state ‘Asgardia’ – derived from Asgard, one of the nine world’s in Norse mythology.

One of the early developments planned is the creation of a state-of-the-art protective shield to prevent asteroids, space debris and coronal mass ejections from the Sun. 

The public is being asked to help design the nation’s flag and 100,000 citizenships were made available at Wednesday's launch.

“Asgardia is a fully-fledged and independent nation, and a future member of the United Nations - with all the attributes this status entails,” Dr Ashburbeyli .

 “The essence of Asgardia is Peace in Space, and the prevention of Earth’s conflicts being transferred into space.

 “Asgardia is also unique from a philosophical aspect – to serve entire humanity and each and everyone, regardless of his or her personal welfare and the prosperity of the country where they happened to be born.”

The consortium plans to launch  the first Asgardia satellite in 2017, with the project developing from there.

Of the 196 nation states on Earth, just thirteen - USSR, USA, France, Japan, China, UK, India, Russia, Ukraine, Israel, Iran, South Korea and North Korea -  and one regional organisation, the European Space Agency, ESA, have launched satellites.

Professor David Alexander, Director of the Rice Space Institute at Rice University, Houston, Texas said: “The mission of Asgardia to create opportunities for broader access to space, enabling non-traditional space nations to realise their scientific aspirations is exciting.”

The team is planning a state-of-the-art protective shield for all humankind from cosmic man-made and natural threats to life on earth such as space debris, coronal mass ejections and asteroid collisions.

There are estimated to be more than 20,000 traceable objects of man-made space debris (MSD) including non-active spacecraft, upper-stage rockets and final stage vehicles as well as fragments of craft that potentially pose a dangerous situation in near-Earth orbits.

The impact of the Chelyabinsk meteorite which crashed over a major Russian town as recently as 2013, injuring 1100 people and damaging 4000 buildings, is a reminder of the threat that natural objects pose to life on the planet.

Whilst steps have already been taken by the UN to identify potentially hazardous scenarios, the team claims that Asgardia will build on these developments to help offer a more comprehensive mechanism.

 Dr Joseph Pelton, former dean at the International Space University, Strasbourg, France said: “The Asgardia project, among other things, may help prepare better answers to the future governance of outer space – a topic of major concern to the United Nations.

“The exciting aspect of this initiative is its three phase approach to providing broader access to space; promoting peace in outer space; and addressing cosmic hazards and planetary defence.”

The Telegraph