April 29, 2005 Announced plans for a carbon nanotube manufacturing plant, the company's first formal facility for production of the material on a commercial scale. The new facility was to serve as the regional headquarters for the company, and represent the fruition of LiftPort Group's three years of research and development efforts into carbon nanotubes, including partnering work with a variety of leading research institutions in the business and academic communities. Set to open in June 2005, LiftPort Nanotech was to be located in Millville, New Jersey.
September 20, 2005, LiftPort Group designed and built a better lifter, longer ribbon and load bearing Balloon to further illustrate proof of concept and progress. The lifter climbed the ribbon which was suspended from the balloon.
January 2006 LiftPort successfully launched an observation and communication platform a full mile in the air and maintained it in a stationary position for more than six hours while robotic lifters climbed up and down a ribbon attached to the platform. The platform, a proprietary system that the company has named "HALE", was secured in place by an arrangement of high altitude balloons, which were also used to launch it. The robotic lifters measured five feet, six inches and climbed to a height of more than, surpassing its last test record by more than.
June 11, 2007, LiftPort was to be penalized due to an alleged illegal offering of shares of the company.
In October 2011 on the LiftPort website Laine announced that LiftPort is pursuing a Lunar space elevator as an interim goal before attempting a terrestrial elevator. At the 2011 Annual Meeting of the , LiftPort CTO Marshall Eubanks presented a paper on the Lunar Elevator co-authored by Michael Laine. In August 2012, LiftPort announced the launch of KickStarter funding for their Lunar space elevator. This KickStarter fund can be found at . This project successfully exceeded its funding goal on September 13, 2012, requesting $8,000 they raised $110,353 from 3,468 backers, to date most of the backers haven't received anything and consider Michael Laine a con artist, even filing suit against him in Washington state. Michael Laine is now one of the team for International Space University. The kickstarter project comments thread has many comments from backers asking what has happened with no response.
