You've probably heard of the concept of a space elevator, climbing a 22,000 mile long cable that's attached to a satellite in geostationary orbit over the Earth's equator. Sounds crazy, but the concept is edging ever closer toward reality.
NASA is offering a first prize of $1.1 million to anyone who can create a space elevator that climbs a kilometer at an average rate of 5 meters per second. No one's done that yet, but the second-place prize of $900,000 was just won by a companySource: DVICE RSS Feed
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