Private Satellite Launching Authorization Act of 1982 - Authorizes the Administrator of the Federal Aviation Administration (FAA) to issue a license for launching a space object. Sets forth the conditions for issuing a license. Makes such license nontransferable. Prohibits the launching of private space objects without such a license.

Directs the Administrator to establish guidelines for the design and construction of space launch vehicles in the interest of public safety. Directs the Administrator of the National Aeronautics and Space Administration (NASA) to give technical assistance. Directs the Administrator of the FAA to establish requirements for liability insurance to be carried by any licensee.

Permits the Administrator to suspend or revoke a license for failure to comply with applicable regulations.

Excludes from this Act space objects launched by or on behalf of the United States Government.