The newly proposed nation-state known as Asgardia is a concept with one purpose. The proponents aim at gaining full recognition of the United Nations. While this may be equated with a chimera originating in science fiction stories, the idea is being seriously developed with fascinating repercussions to the future of international space law. Asgardia is expected to be a space station and a city-state. The space kingdom of Asgardia offers citizenship to all human beings willing to assent to its Declaration, and to abide by its Constitution. While this article addresses the background of this project, it also addresses two main international law issues applicable to this novel concept. Asgardia will have two significant challenges to overcome. The first one will be technological. The second one will be legal. This legal challenge will depend on two additional considerations: space activities and state recognition.