... will be doing manned suborbital flight tests in 2008, and will have manned test flights to orbit in 2010. Compare this with NASA's four-person CEV, which will be doing its first orbital flights in 2014.
So I peruse through the linked announcement all stocked myself until I read this little problemo:
"Since then, national focus has changed to a Shuttle replacement, and we believe that our new SpaceDev Dream Chaser(TM) vehicle concept is ideal for both suborbital and orbital applications. However, funding is needed if we are going to be able to pursue this exciting new concept."[Emphasis Added]
Translation: NO MULA = NO DREAMCHASER. This is what I like to call a Mula Call. They want cash. They want investors. They need a Paul Allen, or a Sir Richard Branson to fund their little commercial adventure into suborbital space. So they make a press release and try to get some attention hoping that some rich bugger will spontaneously leap out of his seat upon reading the news story and donate from his bottomless pocket to their cause. Paul Allen did it for SpaceShipOne. He gave 30 mil to the enterprise of building the first private space ship.
It would be cool if they could beat NASA in it's CEV development, but those dates they give seem to be contingent on that ever important Mula. Until they get the rich bugger, like every other one of these suborbital tourism start-ups, they aint got nothing. So I'm not excited.
Seems to me like DreamChaser, is a dream that they are a chasing... Sorry I couldn't come up with anything better than that line.