A drawing of a concept space elevator hovering above Earth
The Obayashi Corporation's concept drawing for its proposed space elevator.
  • A space elevator could make it much cheaper and faster to get goods to other planets, like Mars.
  • The Obayashi Corporation based in Japan announced in 2012 plans to begin building one by next year.
  • Not only would it cost $100 billion, there are huge technological and organizational challenges.

Imagine a long tether linking Earth to space that could launch us to orbit at a fraction of the cost and slingshot us to other worlds at record speed.

That's the basic idea behind a space elevator.