More: Wild Inflatable Space Elevator Idea Could Lift People 12 Miles Up (17. August 2015)A Canadian space company was recently awarded a patent for a space elevator that would reach about 12 miles (20 kilometers) above the Earth's surface.
Although space elevators have been considered a theoretical technology, they have been billed as a cheaper alternative to rocket launches, especially when it comes to sending heavy objects or people into space.
(For reference, the ISS (international space station) is at an orbit between 330 and 435 km above the Earth's surface.)
There will be a 30% cost saving in fuel for space planes utilizing the tower.
Space elevators have been described e.g. in the Mars Trilogy by Kim Stanley Robinson.