PEGASE, a spaceborne mission proposed to the CNES, is a 2-aperture interferometer for nulling and interferometric imaging. PEGASE is composed of 3 free-flying satellites (2 siderostats and 1 beam combiner) with baselines from 50 to 500 m. The goals of PEGASE are the spectroscopy of hot Jupiter (Pegasides) and brown dwarves, the exploration of the inner part of protoplanetary disks and the validation in real space conditions of nulling and visibility interferometry with formation flying. During a phase-0 study performed in 2005 at CNES, ONERA and in the laboratories, the critical subsystems of the optical payload have been investigated and a preliminary system integration has been performed. These subsystems are mostly the broadband (2.5-5 μm) nuller and the cophasing system (visible) dedicated to the real-time control of the OPD/tip/tilt inside the payload. A laboratory breadboard of the payload is under definition and should be built in 2007.