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Published on Aug 27, 2012
US firm announced an ambitious project to build a lunar space elevator that could transport both robots and humans using already existing technology, in less than a decade. Fundraising efforts are already underway. Firm's founder and former NASA researcher Michael Laine stated that LiftPort Group is capable of building a lunar space elevator within this decade. A lunar space elevator is a cable running from the surface of the moon into space. It is similar to a concept known as the earth space elevator, which is LiftPort's ultimate goal. The idea of the space elevator is designed to permit transport along the cable from a planetary surface directly into space without the use of large rockets. The cable would be held up due to the competing forces of gravity and the upward centrifugal force.