The SRM Space Probe project aims to launch an unmanned high altitude balloon by November 28th, 2013 to photograph and study comet ISON from 30km altitude. The key aspects of the project include developing a payload consisting of a telescope, camera, and other instruments to observe and record data on ISON. A critical component is the high altitude balloon assembly, which will carry the payload capsule to the target altitude. The project team has designed the payload capsule and balloon assembly, and plans to conduct a test flight before the November launch to photograph the sungrazing comet ISON as it passes close to the sun.