There are a number of pressing problems mankind is facing today that could, at least in part, be resolved by space systems. They include capabilities for fast and far-reaching telecommunication, surveying of resources and climate, and sustaining global information networks, to name but a few. Not surprisingly, increasing efforts are now devoted to building a strong near-Earth satellite infrastructure, with plans to extend the sphere of active life to orbital space and later, to the Moon and Mars if not further. This demands novel and more efficient means of propulsion. At present not only heavy launch systems are still based on thermodynamic principles but satellites and spacecraft still rely on gasbased thrusters or chemical engines to move. Similarly to other transportation systems where electrical platforms expand rapidly, space propulsion technologies are also experiencing a shift towards electric thrusters which do not feature limitations intrinsic to thermodynamic systems. Most important, electric and plasma thrusters promise virtually any impulse ultimately limited by the light speed. Not surprisingly, consolidated efforts in this field could be seen, and all-electric space systems are becoming closer to reality. In this paper we briefly outline the most recent successes in the development of plasma-based space propulsion systems, and present our view on future trends, possibilities and challenges.