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."
This version of the Space Elevator doesn't go all the way to the ground. That's why it can be built with existing materials. You still need a (hydrogen fueled) rocket to get to the dock at the lower end of the tether, which is about 250 km up. However the dock is moving significantly slower than orbital velocity, which increases payload and allows cheaper (more reliable & maintainable) rockets.