PlanetSpace was a privately funded Chicago-based rocket and space travel project founded by Geoff Sheerin, CEO of the Canadian Arrow corporation. The owner is Dr. Chirinjeev Kathuria. In February, 2007, NASA announced plans to provide PlanetSpace with requirements and specifications to provide crew and cargo flights to the International Space Station under the terms of the National Aeronautics and Space Act. Initially PlanetSpace planned to use the Silver Dart for this purpose, but on 21 November 2007 PlanetSpace announced its COTS proposal would use a spacecraft provided by Lockheed Martin. This proposal did not include use of the Silver Dart. Background The mission of PlanetSpace was to make space travel accessible to the general public. The company focused its main efforts on two major projects: the Canadian Arrow, and the Silver Dart, which was a proposed orbital spaceplane. Geoff Sheerin, President of Canadian Arrow and Dr. Chirinjeev Kathuria, two entrepreneurs with a love of space, joined forces to create PLANETSPACE in the spring of 2005. At a press conference in May 2005 in London Ontario Canada, Sheerin told the United Press International that Canadian Arrow was nearing completion and that it was missing only one important component in its plan to develop its space tourism business: money. Geoff Sheerin proudly announced, "We have found our Paul Allen". Presenting the newly formed company PlanetSpace and his new partner Dr.Chirinjeev Kathuria. Dr. Kathuria was a founding director of MirCorp, the company that made history on April 4, 2000 when it launched the world's first privately funded manned space program and signed up Dennis Tito to space as Earth's first space tourist or citizen explorer. MirCorp was a joint venture with RSC Energia. RSC Energia launched the first satellite (Sputnik), sent the first man to orbit the Earth (Yuri Gagarin), built the Mir Space Station, and is a major partner in the International Space Station. Canadian Arrow The Canadian Arrow is a 16.5 m tall two-stage rocket, where the second stage is a three-person space capsule. In a somewhat conservative approach, the design of the rocket engine and aerodynamics are based on the well proven V-2 design from WWII. The vehicle will launch vertically from the ground, on a sub-orbital trajectory, and will return to Earth via parachutes and make a water landing, similar to the splashdowns of the Mercury, Gemini and Apollo spacecraft. Silver Dart Based on the FDL-7, a lifting body