First Step Toward A Space Elevator

NASA and Spaceward Foundation Award Prize Money for Successful Wireless Power Demonstration
“NASA has awarded $900,000 in prize money to a Seattle company that successfully demonstrated new wireless energy beaming technology which could one day be used to help power a “space elevator.” LaserMotive of Seattle was awarded the money after its performance in the Power Beaming Challenge competition, which was a demonstration of wireless power transmission that enabled a robotic device to climb a vertical cable.”