hmm... I don't really know since I never really knew how a boomerang works, but here's my guess.
The shape of the boomerang and the way it spins causes it to have some kind of momentum that forces it to go around. So if that's right, then if the boomerang were to have a constant speed and rotation it could keep going around forever in an ideal environment? So in space the boomerang will probably work even better since there is no wind resistance and very low gravity.
I could probably just look all this up on wiki but I'm too lazy. My mind was already screwed from reading about the M-theory and string theory. x_X