Credit: Obayashi Corp.

The Japanese construction company, Obayashi Corporation, has stated that they will design and construct a space elevator by the year 2050.

Initial plans have already been developed and they are currently working on its appearance and technical operation.
The construction of the elevator will be possible thanks to small cylindrical structures called carbon nanotubes.

“In Obayashi’s vision, a cable would be stretched from a spaceport on Earth’s surface up to an altitude of 96,000 km (60,000 miles), or about one-quarter of the distance between our planet and the moon. A counterweight at its end would help “anchor” the cable in space”, reports

The station will, potentially, have living quarters and a laboratory space and solar-power generation facility.

Credit: NASA