02/27/2012 09:18 am ET Updated Apr 28, 2012

'Space Elevator' Could Be Reality By 2050

Ever dream of flying into outer space?

In the next 40 years, adventurous space tourists might not have to worry about ever boarding a rocket ship.

A Tokyo-based firm is planning to build a space station thousands of miles above the planet, transporting passengers to-and-from orbit with a futuristic space elevator.

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