NASA recently gave the Institute for Scientific Research a grant of undisclosed amounts, to research the feasibility of designing and building a space elevator.

Basically, it’s an electric lift clamped onto a ribbon, and could send sattelites, space ships and parts into space. It could certainly have far ranging implications for commerce, scientific advancement and in exploration.

This is an idea that could drastically reduce the costs of getting materials and people into space. It is estimated that the cost could drop from $10, 000 to $40, 000 USD per pound currently, to as little as $100 USD per pound!

Doesn’t this sound overdue to you?

Then there are questions of safety and such… but this seems like an excellent idea!

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