(Hat Tip: Space Travel)
With both the US and China relying upon rockets to secure their solar future beyond the heavens, it looks as if the nation of the rising sun is placing its bets on the space elevator.
(RIA Novosti) Japanese engineers intend to build an elevator to deliver cargo into space. Japanese authorities are prepared to allocate $10 billion for the project.
The space elevator is expected to cut the cost of delivering cargo into space and is considered one of the most ambitious projects of the 21st century. The Japanese plan to unveil a schedule for the elevator's assembly and commissioning this November.
While the space elevator has its share of engineering problems, its successful construction would pretty much guarentee Japan's space dominance over its rivals, as Japan would be able to launch cargo at much lower prices than either China or the US could via rockets.
A space elevator would enable Japan to establish large colonies fairly quickly on both the Moon and Mars--not to mention help the nation generate billions of Yen by renting it out to half the planet.
Note: The first Japanese Space Elevator conference is coming up, so be sure to check out the Space Elevator Blog for highlights from Tokyo!
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