It all boils down to dollars and cents, of course. It now costs about US $20 000 per kilogram to put objects into orbit. Contrast that rate with the results of a study I recently performed for NASA, which concluded that a single space elevator could reduce the cost of orbiting payloads to a remarkably low $200 a kilogram and that multiple elevators could ultimately push costs down below $10 a kilogram. With space elevators we could eventually make putting people and cargo into space as cheap, kilogram for kilogram, as airlifting them across the Pacific.

With the huge cost penalty of traveling between Earth and orbit drastically reduced, it would actually be possible to quarry mineral-rich asteroids and return the materials to Earth for less than what it now costs, in some cases, to rip metal ores out of Earth's crust and then refine them. Tourism, too, could finally arrive on the high frontier: a zero-gravity vacation in geostationary orbit, with the globe spread out in a ceaselessly changing panoply below, could finally become something that an average person could experience. And for the more adventurous, the moon and Mars could become the next frontier.