Space elevator isn't going anywhere yet

From CNET News.com:

For the third time in three years, no team has claimed the prize money in two NASA-sponsored technology challenges to build a robotic climber and a vertical tether that could one day comprise a workable space elevator. In theory, that elevator would transport supplies from the ground to space without expensive fuel or batteries. Despite the letdown, proponents of the technology were hopeful, and the roughly $1 million in prize money will roll over to next year's events. "The good news is that technologies to build a space elevator are possible and are being developed now," said Ted Semon, spokesman for the Spaceward Foundation, which hosted NASA challenges at the Spaceward Games 2007, which began Oct. 17 and ended Monday in Salt Lake City.

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