The sphingolipid metabolites ceramide (Cer), <em>sphingosine</em> (Sph), and <em>sphingosine</em>-<em>1</em>-<em>phosphate</em> (S<em>1</em>P) play an important role in the regulation of cell proliferation, survival, and cell death. Cer and Sph usually inhibit proliferation and promote apoptosis, while the further metabolite S<em>1</em>P stimulates growth and suppresses apoptosis. Because these metabolites are interconvertible, it has been proposed that it is not the absolute amounts of these metabolites but rather their relative levels that determines cell fate. The relevance of this "sphingolipid rheostat" and its role in regulating cell fate has been borne out by work in many labs using many different cell types and experimental manipulations. A central finding of these studies is that Sph kinase (SphK), the enzyme that phosphorylates Sph to form S<em>1</em>P, is a critical regulator of the sphingolipid rheostat, as it not only produces the pro-growth, anti-apoptotic messenger S<em>1</em>P, but also decreases levels of pro-apoptotic Cer and Sph. Given the role of the sphingolipid rheostat in regulating growth and apoptosis, it is not surprising that sphingolipid metabolism is often found to be disregulated in cancer, a disease characterized by enhanced cell growth, diminished cell death, or both. Anticancer therapeutics targeting SphK are potentially clinically relevant. Indeed, inhibition of SphK has been shown to suppress gastric tumor growth [Cancer Res. 5<em>1</em> (<em>1</em>99<em>1</em>) <em>1</em>6<em>1</em>3] and conversely, overexpression of SphK increases tumorigenicity [Curr. Biol. <em>1</em>0 (2000) <em>1</em>527]. Moreover, S<em>1</em>P has also been shown to regulate angiogenesis, or new blood vessel formation [Cell 99 (<em>1</em>999) 30<em>1</em>], which is critical for tumor progression. Furthermore, there is intriguing new evidence that S<em>1</em>P can act in an autocrine and/or paracrine fashion [Science 29<em>1</em> (200<em>1</em>) <em>1</em>800] to regulate blood vessel formation [J. Clin. Invest. <em>1</em>06 (2000) 95<em>1</em>]. Thus, SphK may not only protect tumors from apoptosis, it may also increase their vascularization, further enhancing growth. The cytoprotective effects of SphK/S<em>1</em>P may also be important for clinical benefit, as S<em>1</em>P has been shown to protect oocytes from radiation-induced cell death in vivo [Nat. Med. 6 (2000) <em>1</em><em>1</em>09]. Here we review the growing literature on the regulation of SphK and the role of SphK and its product, S<em>1</em>P, in apoptosis.