I read about a proposed technology where you basically have this hundred mile long vertical loop across the ocean with stations on either end (like, from mainland japan to china for example). This loop is a very narrow diameter sheath that contains a chain of cylindrical magnets that are magnetically repelled from the inside surface of the sheath and held together end to end by magnetism as well... the entire chain of these magnetic slugs is magnetically accelerated inside the sheath by mechanisms at each base station to a very high velocity... the momentum of the moving chain would cause the loop to rise far above the ground (or ocean in this case), tied down with guide wires to form a specific arch shape... a launch vehicle would be loaded onto the sheath at one of the base stations and magnetically accelerated by the moving "chain" inside it up into the atmosphere, where it would be released at the correct trajectory and velocity to achieve orbit...
The problems listed with this mechanism would be that in the case of catastrophic failure the energy held by the system due to the mass of the hundred mile chain of metal slugs corabined with the velocity that it is traveling would be equivalent to like hundreRAB of nuclear borabs and would completely devastate a wide area in much the same way that a giant shotgun blast with billions of pieces of metal shot would, only worse because the speed they would be traveling would be much higher.
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