In order to give a more detailed and complete understanding of physical plasma processes that govern the solar terrestrial space, and to develop qualitative and quantitative models of the magnetosphere ionosphere thermosphere coupling, it is necessary to design and build the next generation of construct new types of space plasma multi-point and multi-type sensors and analysis techniques for space diagnostics and monitoring. Novel ground-based wide area sensor networks, such as the LOFAR (Low Frequency Array) radar facility, comprising wide band, and vector sensing radio receivers and multi-spacecraft plasma diagnostics should help solve outstanding problems of space physics and describe long-term environmental changes. Radio wave diagnostics located on board of the spacecraft as well as ground based radio diagnostics can be an excellent tools for diagnostics the local properties of the space plasma as the remote region of space and extra galactic sources. Such investigation can be the pathfinder for future space born interferometry located in the in L2 Lagrange point or on the backside of the Moon. Taking in to account all exiting experience the new multi-point radio diagnostics located on board of number of small satellites should open up the last virtually unexplored frequency domain in the electromagnetic spectrum, inaccessible to Earth-based detectors due to the opacity of the Earth's ionosphere.