Geoff Sheerin, President of Canadian Arrow and Dr. Chirinjeev Kathuria, two entrepreneurs with a love of space, joined forces to create PLANETSPACE in the spring of 2005. At a press conference in May 2005 in London Ontario Canada, Sheerin told the United Press International that Canadian Arrow was nearing completion and that it was missing only one important component in its plan to develop its space tourism business: money. Geoff Sheerin proudly announced, "We have found our Paul Allen". Presenting the newly formed company PlanetSpace and his new partner Dr.Chirinjeev Kathuria.