A challenger to Virgin Galactic, PlanetSpace

Canadian Arrow and MirCorp veteran, Chirinjeev Kathuria, are joining forces in a new company, PlanetSpace, which plans to start launching paying passengers into outer space by 2007. The technology isn't quite as sophisticated as Virgin Galactic's SpaceShipOne background. Instead, PlanetSpace, will utilize the V-2 rocket, originally invented by NAZI Germany. (More from MSNBC.com)