Andrews Space, Inc. proposes an innovative transpiration cooled aerobrake TPS design that is thermally protective, structurally flexible, and lightweight. This innovative design will also meet launch volume constraints and satisfy terminal aerobraking requirements. The approach will focus on transpiration cooling of a flexible material and will consider ablative and insulative technologies as key features of the TPS design. The application of aerobraking to reduce velocity for planetary capture and landing has long been assumed for use on Mars missions and has been suggested for Earth reentry. The major hurdle to inflatable aerobrakes becoming reality is the development of a lightweight and structurally flexible Thermal Protection System (TPS). By combining well understood insulative and ablative TPS with an innovative flexible transpiration cooled TPS, a realizable inflatable aerobrake system can be developed.