Japanese construction giant Obayashi announces plans to have a Space Elevator up and running by 2050, which would transform the space industry and could most likely end the rocket-age. The space elevator could incredibly cut the cost of sending a payload into space and could also trigger the huge investments into solar industry.
The elevator could very well be 96,000 kilometers long and could atleast take 6-7 days for the payload or passengers to be delivered.
Mr Yoji Ishikawa, a research and development manager at Obayashi, said:
The tensile strength[of Carbon Nanotubes] is almost a hundred times stronger than steel cable so it’s possible. I don’t think one company can make it, we’ll need an international organisation to make this big project
The future is indeed here. We are living in the future.