When equipped, the Space Suit allows you to breathe freely both in space and Earth.
Here are some of the pros and cons of the Space Suit:
-No drowning damage while in water.
-Allows you to go to space without having to power an Air Shield.
-Great for underwater bases.
-Slows you down extremely.
-Takes a lot of resources to make.
-Cannot apply artificial gravity, like the Air Shield and Transformer.
-Mostly useless on Earth.
-Makes you mostly unable to jump.