SpaceVR, a platform for creating cinematic, live, virtual space tourism, reports it has signed a launch agreement with NanoRacks LLC to send Overview 1, the world's first virtual reality camera satellite, into space. Overview 1 will be delivered to the International Space Station aboard the SpaceX CRS-12 Mission. The satellite will then be deployed into Low Earth Orbit from the NanoRacks CubeSat Deployer (NRCSD).

SpaceVR aims to give everyone the opportunity to experience the truly infinite, boundless Universe through virtual reality. Its debut satellite, Overview 1, will use 4K sensors to capture extremely high resolution, fully immersive, 360-degree video of every breathtaking moment that occurs on our home planet. The content will be viewable on any virtual reality device, ranging from smartphones to Oculus Rift to extreme resolution devices such as the StarVR.

"My dream, when I first had this idea at a hackathon 1.5 years ago, was to launch a VR satellite with NanoRacks. It seemed crazy and borderline unachievable. Now we have signed, paid, and are moving towards something exponentially more borderline unachievable," said Ryan Holmes, the founder and CEO of SpaceVR. "This is the most important milestone to date for SpaceVR and we're honored to share it with a group of pioneers that have been pushing what's achievable since before we were born. Let's launch cool sh*t into space!"

NanoRacks, a leading provider of commercial pathway solutions aboard the International Space Station, has been a partner, investor, and advisor of SpaceVR since its establishment in 2015.

"We are delighted that yet another innovative space company has chosen NanoRacks to realize their in-space dreams. SpaceVR promises to open a new era in connecting consumers worldwide to the beauty of outer space and we are ready to be part of that effort," believes Jeffrey Manber, NanoRacks CEO.

Having raised a $1.25 million seed round in April, SpaceVR has used this new capital to: accelerate the development of the Overview 1 on-board software, begin the development of our content delivery and distribution channels, and invest in a world wide satellite dish ground station communication network.