Japanese construction giant will build a space elevator by 2050

The Japanese construction company Obayashi stated that it will build an elevator to space and it is expected that the elevator will be completed by 2050. ABC News reported that the Daelim Group's space elevator will be as high as 96,000 kilometers (approximately 59,652 miles). The elevator room is placed in a robot-like car and has a geomagnetic engine to provide power. Each time it is able to carry 30 people, it takes 7 days to complete the entire journey.

Space elevators will use carbon nanotechnology to make cables. Yoji Ishikawa, research and development manager of the Daelim Group, said, “The tensile strength of a cable using this technology is 100 times that of a steel wire rope.”

NASA's vision for future space elevators.

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