Space VR announced that it has signed a launch agreement with NanoRacks (International Space Station Commercial Laboratory Operators), which will vigorously advance the implementation of the Overview 1 project, the world’s first virtual space VR tourism project. The SpaceX Falcon 9 will launch its first dual-camera Space VR Satellite Overview 1 in low Earth orbit in 2017. NanoRacks' CubeSat Deployer Deployer will help it manoeuvre to orbit.
Previously, SpaceVR announced a seed round investment of US$1.25 million, led by Shanda Group, and voted by Skywood Capital. The funds will be used to accelerate the Advance 1 project and launch the world’s first virtual reality camera satellite into space. Space VR aims to provide users with a highly immersive first-person perspective of the VR virtual reality experience. Using state-of-the-art microsatellite technology, Space VR's cutting-edge satellites can provide an unprecedented panoramic view of the Earth captured from outer space, allowing users to receive immersive experiences as if watching from near-earth orbit.
Space VR is expected to launch its first technology display satellite in early 2017. Meanwhile, Space VR will focus on the development of content transmission channels and satellite communications technology. If the plan is successful, they also intend to bring satellites to the moon or even Mars after 2017.