Space Elevator Could Cost Less Than You Thought

WolfWithoutAClause writes: "We've had Space Elevator stories before on Slashdot, mainly saying how impractical they are for the foreseeable future. Now however, there's an 8M pdf paper on NASA Institute of Advanced Concepts [NIAC] website that says it may now be possible with existing materials and can be done for about $40 billion. That's less than the entire launch market for a single year. If he's right, the first elevator may be complete in 10 years time, with the second and third following 2-3 years afterwards."