The only thing the European Launcher Development Organization (ELDO) has managed to put into orbit in the four years of its existence has been its own budget. The cost of an initial set of experiments has risen from a 1962 estimate of $196 million to the present estimate of $400 million, and tests are two years behind schedule.
Two Dummies. ELDO is meant to give Europe a space capability of its own and not leave all the glory to the U.S. and Russia. The trouble with ELDO, aside from the shortage of capital and technological resources in Europe, is that its...
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