20:46
January 3rd, 2007
Posted By: wraggster

via gizmodo
Since the US military sucks up nearly a trillion dollars of our income taxes every year, they have plenty of money to blow, and here's one of the cool toys such prodigious amounts of cash will buy: it's a giant magnetic slingshot. But the spending has hardly even started on this one yet—the Air Force so far has contributed a paltry half million dollars to LaunchPoint Technologies to develop its idea of a satellite launch system that accelerates its payload around a giant ring using magnetic levitation (MagLev) technology.