already received huge amounts of development money. [The vehicle had] friendly flying characteristics combined with a thick pedigree of expensive studies." SpaceDev licensed the HL-20 technology from NASA and extended it to use for its new Dream Chaser suborbital spacecraft. Later, the Dream Chaser became a candidate for NASA's Commercial Orbital Transportation Services (COTS) Program for delivering cargo to and from the International Space Station. In the event, SpaceDev was not selected for award under COTS, but did sign a non-reimburseable Space Act Agreement to facilitate additional exchange of non-cash project milestones with NASA. Afterwards, Benson stepped down as Chairman of SpaceDev and founded the Benson Space Company to pursue the Dream Chaser project. "In the fall of 2007, Benson Space announced a partnership with United Launch Alliance to turn the Dream Chaser into an orbital vehicle by launching it on an Atlas V rocket. Benson and his team were going to try to go all the way to orbit." SpaceDev acquired the former Integrated Space Systems, a space systems engineering firm, in 1998. In 1998, SpaceDev and its chairman James Benson were named in an administrative proceeding alleging securities fraud. The SEC alleged that SpaceDev and chairman Benson made false and misleading statements through various media in an attempt to increase its stock value. A settlement was later agreed upon that states that the SEC was founded in its allegations and SpaceDev cease and desist from committing or causing violations or future violations of Section 17(a) of the Securities Act and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder; and Mr. Benson cease and desist from committing or causing violations or future violations of Section 17(a) of the Securities Act and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder. SpaceDev acquired the intellectual property of American Rocket Company in 1999 after AMROC's 1996 bankruptcy. The AMROC-derived hybrid rocket motors were used in several SpaceDev projects that followed. SpaceDev started developing the science mission CHIPSat for the University of California, Berkeley in 1999. In 2003, SpaceDev launched the United States' smallest, low-cost, high performance satellite named CHIPSat for NASA. CHIPSat is a suitcase-size science microsatellite that is also the first U.S. mission to use only TCP/IP Internet communications for end-to-end satellite operations control, becoming the first satellite whose mission control and operations center is any laptop computer located anywhere in the world. Although the nominal mission