In their first run today and their first ever successful run in any of the NASA sponsored Power Beaming Challenge events, Team Lasermotive qualified for at least a share of the 1st level prize money of $900,000. The event also known as the Space Elevator Games has two other competing teams, USST and KC Space Pirates, who will try to duplicate Lasermotive's effort. Teams will also be vying for the 2nd level prize of $1.1 million. The competition runs for another 2 days.

More details at the Space Elevator Reference - http://www.spaceelevator.com (less info)