Progress and Prospects toward a Space-based Gravitational-Wave Observatory

Over the last few years there has been much activity in the effort to produce a space-based gravitational-wave observatory. These efforts have enriched the understanding of the scientific capabilities of such an observatory leading to broad recognition of its value as an astronomical instrument. At the same time, rapidly developing events in the US and Europe have lead to a more complicated outlook than the baseline Laser Interferometer Space Antenna (LISA) project plan of a few years ago. I will discuss recent progress and developments resulting from the European eLISA study and the SGO study in the US and prospects looking forward.