The possibility of localizing sources of electromagnetic radiation by measurement of the time of passage of the radiation or the measurement of its phase at various points of cosmic space, at which are located satellite observatories is examined. Algorithms are proposed for localization using two, three, and four astronomical observatories. The precision of the localization and several partial results of practical significance are deduced. Mersov, G. A. Unspecified Center NASA-TM-75545, PR-286 NASW-3199