AUSTRALIA could play a key role in the 21st century space race, with competition heating up between Japan and the US to build the world's first "space elevator".
As the technology required to create a physical link between Earth and outer space becomes closer to a reality, discussions of next-generation space exploration have been given new life.
Japan announced recently that it was researching plans to build a space elevator – a link to space that could transport cargo and even tourists – for as little as 1 trillion yen ($11 billion).
"Just like travelling abroad, anyone will be able to ride the elevator into space," chairman of the Japan Space Elevator Association, Shuichi Ono, told The Times.
The news is believed to have shaken up scientists at NASA, who have traditionally focused on rockets to reach space but could now be considering following Japan's suit.