We construct a Galilean invariant nongravitational closed string theory who
se excitations satisfy a nonrelativistic dispersion relation. This theory c
an be obtained by taking a consistent low energy limit of any of the conven
tional string theories, including the heterotic string. We give a finite fi
rst order worldsheet Hamiltonian for this theory and show that this string
theory has a sensible perturbative expansion, interesting high energy behav
ior of scattering amplitudes and a Hagedorn transition of the thermal ensem
ble. The strong coupling duals of the Galilean superstring theories are con
sidered and are shown to be described by an eleven-dimensional Galilean inv
ariant theory of light membrane fluctuations. A new class of Galilean invar
iant nongravitational theories of light-brane excitations are obtained. We
exhibit dual formulations of the strong coupling limits of these Galilean i
nvariant theories and show that they exhibit many of the conventional duali
ties of M theory in a nonrelativistic setting. (C) 2001 American Institute
of Physics.