LaserMotive Wins $900K NASA Prize

Kent, WA-based LaserMotive has won $900,000 in a NASA competition to build a small prototype device that one day could help lead to a commercial “space elevator,” a cable that could transport cargo to and from outer space. The news was reported by the New York Times and other outlets. LaserMotive, a laser power-beaming company, is led by Thomas Nugent and Jordin Kare, who both also work with Bellevue, WA-based Intellectual Ventures. The power-beaming project and competition was reported by TechFlash earlier today.

Gregory T. Huang is Xconomy's Deputy Editor, National IT Editor, and Editor of Xconomy Boston. E-mail him at gthuang [at] xconomy.com. Follow @gthuang

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