In large-scale engineering projects, the devil is always in the details. In theory, you can build a 5,000 ft building, or a 15 mile wide bridge. We even have the materials today to do it, and proven engineering methods to rely on. Even so, the Gibralter bridge is projected to cost $20 billion.
Something like a space tether requires a tremendous amount of basic research, plus a lot of engineering and fabrication research, before you can even start. For example, the tether is going to build up one hell of an electric charge cutting through the Earth’s magnetic field. The shuttle did a tether experiment a couple of years ago. Air trapped in the tether material bubbled out and cause a 3500 volt plasma which burned up the tether.
What happens to the nanotubes over time? Does the high electric charge coupled with extreme temperature changes and such do anything to them?
This is the worl’d biggest lightning rod. How does decades of constant lightning strikes effect it? How does ONE lightning strike effect it?
How does this thing interact with the upper atmosphere? What about the effect of storms or extremely high winds on the cars going up and down?
What happens if a car malfunctions on its way up? If it jams on the cable, how do you get it down? What if the electrical system fails? How do you test these vehicles when you don’t have a prototype tether to test them on?
How do you protect against terrorists? This will be the biggest target in the world.
What about satellites and space junk in orbit? This thing is a sitting duck.
I would love to see a space elevator. But I think the time frame and cost projection is nuts. Hell, just the X-38 crew return vehicle program was going to cost over a billion dollars, and was in development for years before being cancelled.
In my opinion, if all the materials were available today, and a method for weaving the nanotubes were known, we’d still be decades away from being able to build something like this.