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PlanetSpace is a space tourist company
which is
a 50-50 venture involving Canadian Arrow and
Dr Chirinjeev Kathuria.
PlanetSpace was the
third company to
announce commercial suborbital flights.
Geoff Sheerin is the President and CEO of
PlanetSpace and is also the
founder and President of
Canadian Arrow.
Dr. Chirinjeev Kathuria is the Chairman of
PlanetSpace.
What is
the Canadian Arrow?
Canadian Arrow is a privately developed sub-orbital vehicle which is based on the
V-2 Rocket.
This vehicle has been updated using today's
technology and data from over 3,000 previous flights of the early V-2 type
rockets.
Canadian Arrow was one of leading
contenders in the X Prize space race competition.
Canadian Arrow has a service agreement
with PlanetSpace to provide the Canadian Arrow rocket.
Who
is
Dr Chirinjeev Kathuria?
Dr Chirinjeev Kathuria is an Indian-American
entrepreneur. Dr. Kathuria was the
former founding director and helped build MirCorp. He put millions of dollars into an effort to extend life of Mir
Space Station.
Kathuria
Holdings has invested an
undisclosed sum of money into the development of the Canadian Arrow vehicle that
will pay for its completion and launch in 2007.
How much will it cost
to go on a Sub Orbital Flight?
PlanetSpace plans to operate the
Canadian Arrow at a cost of $250,000 per seat service in 2007.
Business Plan
PlanetSpace's business plan
as of July 2005 calls for flying almost 2,000 passengers in the first five years
of operation, generating $200 million in revenue in the fifth year.
PlanetSpace is involved in talks with
potential partners for a space-themed reality-TV show and an international
lottery with spaceflight prizes. Another group may buy a 26 percent stake in
PlanetSpace within a six months.
Eventually, PlanetSpace could aim for
orbital as well as suborbital space tours.
PlanetSpace Company
Planetspace
P.O. Box 9029
1795 Ernest Ave.
London, Ontario, Canada
N6E-2V0.
Telephone: 519/659-5852
Fax: 519/659-8163
Website:
http://www.planetspace.org
Did you know?
* Mircorp
funded the first commercially manned space flight in
history: Soyuz-MirCorp Expedition 28 and was the first company
in the world to finance a space walk.
Dennis
Tito, the world's first space tourist signed his initial launch
reservation with MirCorp for a flight to the Mir space station.
However the arrangements
fell through and Tito ended up going to the International Space
Station a month later through MirCorp's competitor, Space Adventures
(Virginia, USA).
*
First to announce plans
for commercial suborbital flights was Richard Branson who
struck a deal to license
SpaceShipOne
technology for Virgin
Galactic. The second was Aera Corp. in 2005. PlanetSpace is the third
X Prize spin-off to announce plans for commercial suborbital
flights.
Planetspace
links:
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Contact Info.
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