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Space Elevator Company LiftPort In Trouble

TropicalCoder writes "The LiftPort Group, founded four years ago with the lofty dream of building a stairway to heaven, has seemingly reached the end the line. The dream was to develop a ribbon of carbon nanotubes 100,000 km long, anchored to the Earth's surface and with a counterweight in space, providing a permanent bridge to orbit. Elevator cars would be robotic 'lifters' which would climb the ribbon to deliver cargo and eventually people to orbit or beyond. Now LiftPort has all but run out of funds, and the State of Washington's Securities Division has entered a Statement of Charges (PDF) against LiftPort Inc. dba LiftPort Group and founder Michael Laine."

16 of 257 comments (clear)

  1. Spaced by Anonymous Coward · · Score: 1, Funny

    who needs a space elevator when there's plenty of reefer down here?

  2. my dream is ruined by vx922 · · Score: 2, Funny

    just when i was dreaming of saying Beam (lift) Me up Scottie!

    1. Re:my dream is ruined by Ohreally_factor · · Score: 3, Funny

      It's OK. When you get there, the stores are all closed.

      --
      It's not offtopic, dumbass. It's orthogonal.
  3. Wow!! by JamesP · · Score: 4, Funny

    The dream was to develop a ribbon of carbon nanotubes 100,000 km long, anchored to the Earth's surface and with a counterweight in space, providing a permanent bridge to orbit

    And it didn't work?!?!?! No S... Sherlock!

    Tell me about feasible goals.

    --
    how long until /. fixes commenting on Chrome?
    1. Re:Wow!! by Timesprout · · Score: 5, Funny

      The goals were very feasible, unfortunately the CEO took delivery of his new flying car shortly after announcing these targets. The car came with a 3D windscreen tied into the incar entertainment and a copy of duke nukem forever, which apparently is a hugely addictive game. This led to the CEO becoming somewhat distracted by gaming while flying and the company lost focus which ultimately meant goals were missed.

      --
      Do not try to read the dupe, thats impossible. Instead, only try to realize the truth
      What truth?
      There is no dupe
    2. Re:Wow!! by DShard · · Score: 2, Funny

      How about you jam your suggestions in your a.. you m.....f...... Don't you have something better to do then criticize someones self censorship?

    3. Re:Wow!! by Von+Helmet · · Score: 2, Funny

      I heard the in-car entertainment system was the Phantom.

    4. Re:Wow!! by pragma_x · · Score: 2, Funny

      Perhaps the poster wasn't intending to come off as polite, but instead, less so?

      I for one always felt that "self-censorship" of s*** like that helps make the comment a f***load more profane, than if it were spelled out completely. :)

      For example, it even works on perfectly benign speech (and well-known quotes):

      "The only thing we have to f*** is f*** itself."

  4. Puts me in the mind for a song... by Sunburnt · · Score: 2, Funny

    Michael Laine [sold] securities while not registered as a securities salesperson[...]offering and selling unregistered securities[...]misstatements of material fact or omitted to state material facts necessary[...]engaged in acts and practices that operated as a fraud or deceit.

    Well, sir, there's nothing on earth like a Genuine, Bona fide, Electrified, Six-car, Spacelifting Monorail!

    --
    Tags != Comments, and -1 (Troll) != -1 (I Would Respond Angrily To This Poster So They Must Be Trolling)
    1. Re:Puts me in the mind for a song... by CrackedButter · · Score: 2, Funny

      What's it called?

  5. Re:How would this NOT have been a fraud... by jollyreaper · · Score: 4, Funny

    Long LONG before you can build a space elevator you need tether materials which are several orders of magnitude stronger than what we can build today...

    If you could even get 1/100th of the way there on materials, you would have a great company selling fibers for military and industrial applications. Precisely what I was thinking. It's like the people talking about putting up space hotels before we even have the cheap civilian access to space question answered.

    Step 1: Found a startup whose business model is predicated on a technology that not only does not exist but you are incapable of inventing.
    Step 2: Collect money from investors
    Step 3: Hope this nonexistent technology falls out of the sky and directly into your lap.
    Step 4: Profit!

    Hey, I've got this great idea for making your very own Iron Man suit! That's right, you can fly into space, deadlift 100 tons, are bullet proof, missile proof, and nuclear bomb proof! Yes, folks, that's right! And it's all possible via the miracle of unobtanium. That's right, just get me some unobtanium and you can have your very own suit!

    While we're at it, I'm selling land on the inside of my dyson sphere. Get in early before it's all gone!
    --
    Kwisatz Haderach
    Sell the spice to CHOAM
    This Mahdi took Shaddam's Throne
  6. Zed Zeppelin by Digitus1337 · · Score: 2, Funny

    No stairway. Denied!

  7. Re:Blue Sky Laws by raftpeople · · Score: 3, Funny

    However, if you learn how to speak properly I wouldn't have to read it twice to understand it.

    I hear what you are thinking, but I'm not sure I see what you are saying.

  8. Re:It seems to me... by Reality+Master+101 · · Score: 3, Funny

    After all, if your goal is to swim the English Channel, you might want to try swimming across a pool first.

    Well, the analogy is more like if your goal is to swim the English Channel, then why not try swimming across a pool at the top of Mount Everest? :)

    In other words, the actual designing of the moon elevator is much less of a problem than getting all the material to the moon, doing construction on the moon (dust!), and all the organizational infrastructure needed to do a project of that scope so far from the Earth.

    --
    Sometimes it's best to just let stupid people be stupid.
  9. Impossible? by merikari · · Score: 3, Funny

    Carbon nanotubes were not a problem, but the investors just could not understand how humans could endure several hours of elevator music.

    --
    My other SIG is a Sauer.
  10. Re:Hah. by Anonymous Coward · · Score: 1, Funny

    Investor: "Do I have the word 'DUMBFUCK' tattooed on my forehead?"

    Hey that was me! Man, I should have believed in you guys.
    Instead I put all my cash into a space elevator project that's all gone to shit...