In this paper, the possibility of feedback servo control of a spacecraft thruster's specific impulse by a boundary feedback system is theoretically considered. The motivation to introduce feedback control is two-fold. The first is to stabilize any inherent plasma instabilities and the second is regulate the output specific impulse of the thruster. Two cases are considered: Electro-thermal thrusters and Electro-dynamic thrusters. The chamber inlet temperature in the case of the electro-thermal thruster or the boundary electric field potential responsible for generation of the velocity of the plasma ions in the case of an electrodynamic thruster, are controlled by feedback so as to regulate the thruster's specific impulse. By introducing typical disturbances in the plasma ionization voltage, it is shown using a two-dimensional fluid model and a suitable boundary feedback law, where the chamber inlet temperature or applied boundary potential is proportional to the error in the specific impulse and the desired specific impulse, that the specific impulse of the thruster may be regulated and held constant. The robustness of the control system is numerically tested, by a two dimensional simulation model using McCormacks's method. The Navier-Stockes equations, including the magneto-hydrodynamic variables were discretized and simulated, using the explicit MacCormack method for a typical nozzle domain. The numerical results for the open and closed-loop velocity fields were obtained and the specific impulse was computed from these fields. It was thus shown that not only the stability of the plasma is realised but also that the specific impulse is regulated as desired.