The interest in developing efficient nano and pico-satellites has grown in the last 20 years. Secondary propulsion systems capable of serving specific maneuvers are an essential part of these small satellites. In particular, Micro-Electro-Mechanical Systems (MEMS) Vaporizing Liquid Microthrusters (VLM), using water as a propellant, represent today a smart choice in terms of simplicity and cost. In this paper, we first propose a review of the international literature focused on MEMS VLM development, reviewing the different geometries and heating solutions proposed in the literature. Then, we focus on a critical aspect of these micro thrusters: the presence of unstable phenomena. In particular, the boiling instabilities and reverse channel flow substantially impact the MEMS VLMs’ performance and limit their applicability. Finally, we review the research focused on the passive and active control of the boiling instabilities, based on VLM geometry optimization and active heating strategies, respectively. Today, these ones represent the two principal research axes followed by the scientific community to mitigate the drawbacks linked to the use of MEMS VLMs.