Monday, September 18, 2006

Express lift to the stars - Express lift to the stars - Sep 18, 2006
Edwards views the future of space development as contingent on commercial application and private funding.

"NASA spends around $16bn a year on their space program, with the cost of sending up one space shuttle at about $500m. With such high costs, it is understandable that they need to use mature technology that they know works. They are naturally risk-adverse.

"Commercial development and private funding is crucial to the future of space exploration. The space elevator would make space accessible for so many more people, so we believe the funding will come once the benefits are realised. Once we've proved the technology works, we firmly believe that the project will open up space for generations to come."
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