The space of smooth rational cubic curves in projective space ($r\ge 3$) is a smooth quasi-projective variety, which gives us an open subset of the corresponding Hilbert scheme, the moduli space of stable maps, or the moduli space of stable sheaves. By taking its closure, we obtain three compactifications , , and respectively. In this paper, we compare these compactifications. First, we prove that is the blow-up of along a smooth subvariety which is the locus of stable sheaves which are planar (i.e. support is contained in a plane). Next we prove that is obtained from by three blow-ups followed by three blow-downs and the centers are described explicitly. Using this, we calculate the cohomology of .

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