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."

Comments

Re:Wow!!

[Timesprout]

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.