Yazici reported in early 2020 that although Space Elevator is a relatively new subject in the field of science concepts, it can now be considered as a science fiction. Space elevator was introduced as a concept in 1895 by Russian physicist Konstantin Tsiolkovsky. The space elevator has a great potential to be one of the appealing engineering projects ever designed (more).
Nowadays, transporting the cargo to the space is both expensive, very complex and it also takes a long time. Construction of such a space elevator will enable humankind to make space travel and cargo transportation easier, cheaper. In this context, we mainly study how to extract the economic feasibility of this futuristic wonder of the giant mega structure for preliminary examination.
In this study, a qualitative research method has been used in the scope of the relevant sources in the literature. The space elevator can significantly reduce costs in sending cargo to space and provide easier access to space. It may be beneficial in terms of space tourism in the following years. It can even be a stepping-stone for asteroid mining.
The space elevator is under construction and can be an example and guide in removing economic feasibility or in future . The purpose of this article is to focus on the definition of space elevator and its construction, and also to argue on the reasons why the project is essential. Thereafter, we will discuss and analyze the effects of the space transportation mainly in the economics perspective.
The author concluded that despite its greatness and complexity, the concept of the space elevator is not impossible. Such elevators will certainly make space more accessible and be a mega structure like the Great Wall and the pyramids. Although it requires profound financial investment, its benefits will outweigh the initial financial costs once it is built. They will eventually lower the costs for asteroid mining, space logistics, space tourism, space travel and space colonization; all of which will be the mankind’s basic needs to survive soon. Even when this enormous mega structure comes to life, it will bring many possible issues.
How are we to protect this state-of-the-art structure from the external threats? Questions such as how to protect the space elevator from any natural disasters on Earth that will suddenly occur in the world will always be issues to be considered.
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