Canada's Cape Canaveral

It may soon be possible to fly from Cape Breton to Vancouver in 45 minutes — the only catch is it's going to cost about $250,000 a person and there will still be three-hour wait at the airport.

PlanetSpace, a consortium of international companies and stakeholders, have announced a "team agreement" with the province of Nova Scotia and are in talks with the Canadian Space Agency that would see Cape Breton become the launching site for Canada's first commercial manned space program.

"That's the future of suborbital vehicles, any place on earth is really only 45 minutes away," said Geoff Sheerin, the Ontario-based CEO of PlanetSpace, which aims to launch Canada's first suborbital space flight by 2008 and its first orbital flight by 2010.