At a press conference in Moscow on 12 October 2017, Asgardia's Head of Nation Igor Ashurbeyli announced the results of the space nation's first year and shared his plans for the Kingdom's future development.

The event took place at the Ritz Hotel, near the Red Square and the Kremlin, drawing more than 100 members of the media.

Perhaps the biggest takeaway of the conference is that Asgardia is a force to be reckoned with. As the space nation celebrates its one-year anniversary, it is diving into the parliamentary elections, thus getting even closer to UN recognition.

“We can make jokes, but as of today, Asgardia ranks 177th by population size out of the 193 member-states of the United Nations,” writes Andrei Morozov of Nezavisimaya Gazeta.

But is the concept even legal, wondered the media. “International law attorneys confirmed the possibility of creating a nation from zero. According to the rules of the United Nations, it must have its own territory, a constitution, a government and a currency,” wrote Yuliya Silina of CBS Media.

Asgardia already has a territory – the Asgardia-1 satellite will enter autonomous flight in the next few months, a Constitution that was accepted by more than 100,000 citizens, a head of nation in place and parliamentary elections underway, and the Solar as its cryptocurrency.

“In November of this year, Asgardia plans to launch its orbital satellite and thus possess its own territory – without wars, annexes or any redistribution of land on Earth. After this, there will not be any formal barriers to being accepted to the United Nations,” Morozov wrote.

“It turned out that based on international law, there are absolutely no obstacles in creating a real country, not a mythical one,” wrote Aleksander Milkus in Komsomol’skaya Pravda, admitting that he was at first skeptical, until he learned that Igor Ashurbeyli was the driving force behind Asgardia.

“Few people are as well-versed in technology, space and management,” wrote Silina about Ashurbeyli. Milkus was also quite familiar with Ashurbeyli’s work as the director general of aerospace defense systems company Almaz. Ashurbeyli is also the President of the International UNESCO Commission on Space, and the founder of the Aerospace International Research Center.