A Japanese company has announced plans to build the world´s first “Space Elevator”, which would travel 60,000 miles into Space. The firm, Obayashi, believe that they are able to complete the structure by the year 2050, transporting passengers and goods into Space for significantly less that rocket craft, with the comparison price being 200 dollars per kilo in the elevator, compared to 22,000 dollars per kilo on the Space Shuttle.

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