SpaceDev Completes Second Milestone

[spacy600]

http://biz.yahoo.com/iw/080107/0345201.html<br /><br />SpaceDev Completes Second Milestone Under NASA Space Act Agreement for Development of Commercial Access to Space<br />Monday January 7, 8:00 am ET<br /><br />SpaceDev Dream Chaser(TM) Space Plane Development Continuing<br /><br />POWAY, CA--(MARKET WIRE)--Jan 7, 2008 -- SpaceDev, Inc. (OTC BB:SPDV.OB - News) recently completed its second milestone under the Space Act Agreement that was signed with NASA in June 2007. The significant milestone completed is the Flight Test Plan for the Dream Chaser™ space vehicle. The plan provides a detailed approach for the Dream Chaser(TM) to conduct numerous suborbital flight tests in preparation for its first orbital flight later this decade.<br /><br />Source: SpaceDev, Inc. <br /><br /><br />(click to enlarge)<br />SpaceDev Dream Chaser(TM) Space Plane approaching the ISS<br /><br />· Starsys<br />· SpaceDev<br /> <br /> <br />SpaceDev entered into the Space Act Agreement with NASA to facilitate its development of reliable, safe and affordable transportation of passengers and cargo to and from Earth orbit. As part of the agreement, NASA is providing support regarding ISS visiting vehicle requirements and processes as well as ongoing quarterly milestone review meetings.<br /><br />"The on schedule completion of our second milestone reaffirms our commitment to the development of the Dream Chaser(TM) and to the value of NASA's Space Act Agreement program. SpaceDev and NASA teams are continuing to work well together to advance the Dream Chaser™ launch vehicle," said Mark N. Sirangelo, SpaceDev's Chairman and Chief Executive Officer. "SpaceDev is excited about completing another significant technical milestone which enables us to forward our development schedule."<br /><br />The SpaceDev Dream Chaser™ space vehicle is a derivative of the HL-20 Launch System developed by NASA Langley. The vehicle has on-board propulsi

 

[aphh]

Even if they do this on the side on a unfunded agreement with NASA, Dream Chaser will still materialize, which will be truly amazing.<br /><br />Basically this means, that SpaceDev has private manned space program in the making. <br /><br />Maybe I should mention at this point, that I am a stakeholder. <br /><br />Edit: without inside information.

 

[holmec]

Way to go SpaceDev, keep chugging along. <div class="Discussion_UserSignature"> <p> </p><p><font color="#0000ff"><em>"SCE to AUX" - John Aaron, curiosity pays off</em></font></p> </div>