Growing interest in free-space optical communication, due to the high bandwidth and security provided by these links, has generated the necessity of designing high-performance satellite terminals. In order to develop these terminals, the opto-thermo-mechanical phenomena that appear in the space environment and their effect on optical communication links have to be understood in detail. A review of the opto-thermo-mechanical phenomena occurring in spaceborne terminals is presented, describing the relevance of each of them. The methods found to compute the impact on the communication performance due to opto-thermo-mechanical phenomena are collected by building the bridge between the optical and communication performance parameters. Finally, techniques available to mitigate the detrimental effects of these phenomena are classified, and the relevant research challenges are identified.