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SpaceDev Begins Work on ''Dream Chaser'' Space Vehicle
Posted on: Sep. 20th, 2004 || www.spaceref.com

SpaceDev (OTCBB: SPDV) has begun designing a reuseable, piloted, sub-orbital space ship that could be scaled up to safely and economically transport passengers to and from low earth orbit, including the International Space Station. The name of the vehicle is the "SpaceDev Dream Chaser(TM)."

SpaceDev's founding chairman and CEO, Jim Benson, recently signed a Space Act Memorandum of Understanding (MOU) with NASA Ames Research Center director, Dr. Scott Hubbard. This non-binding MOU confirms the intention of the two parties to explore novel, hybrid propulsion based hypersonic test beds for routine human space access. The parties will explore collaborative partnerships to investigate the potential of using SpaceDev's proven hybrid propulsion and other technologies, and a low cost, private space program development approach, to establish and design new piloted small launch vehicles and flight test platforms to enable near-term, low-cost routine space access for NASA and the United States. One possibility for collaboration is the SpaceDev Dream Chaser(TM) project, which is currently being discussed with NASA Ames.

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