The space elevator’s basic design would include a cable that is anchored to the Earth’s surface, and on the other end, tens of thousands of kilometers away, a counterweight for balance.

The concept of space elevators isn't new ... it is currently "engaged in research and development, rough design, partnership building, and promotion," he told Business Insider.

They would design the elevator system to mimic a ... The beauty of this system lay in its economy of space. Local elevators for the lower, middle, and upper zones of the building sat one atop ...