To hell with NASA, this is the future of space travel:

Today’s communications satellites demonstrate how an object can remain poised over a fixed spot on the Equator by matching its speed to the turning Earth, 22,300 miles (35,780 km) below. Now imagine a cable linking the satellite to the ground. Payloads could be hoisted up it by purely mechanical means, reaching orbit without any use of rocket power. The cost of launching payloads into orbit could be reduced to a tiny fraction of today’s costs.

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