There's no concept of airspace in space. You have very few avenues to keep a sat restricted to a geographic region. Orbits like geostationary and molniya exist - but they come with their own limitations for many applications.

The concept of “airspace” is purely a legal one and exits only if your country has an air force able to enforce it (see how Israel has absolute control over Lebanese airspace), any country with anti-sattelite technology could at its disposal could declare that their airspace goes up to the geostationary orbit or even above.

Of course it would complicate the use of satellites a lot, but given their military importance it's likely that this will happen at some point when the tech is ready (by tech I mean a way to stop foreign satellites from operating without causing Kessler syndrome)