When humans first looked up and recognised constellations, they transcended into new age of knowledge and prosperity. This flag shows Ursa Major and Leo constellation between stars.
Asgardia is shown as a symbol connected our earth to space, and also protecting it when required.
The core principles of Asgardia is shown via its symbol in heart, surrounded by universal symbol of peace via olive leaves, and protection with transparency with earth is shown as dots on the horizon.