reactor1967
Quantum Scribe
Using electric power to enable a space elevator to sustain its own weight into outter space. Its would be very expensive but so far I know of no other options yet.
proposed, all of which involve traveling along a fixed structure instead of using rocket powered space launch. The concept most often refers to a structure that reaches from the surface of the Earth on or near the equator to geostationary orbit (GSO) and a counter-mass beyond.
The concept of a space elevator dates back to 1895 when Konstantin Tsiolkovsky[1] proposed a free-standing "Tsiolkovsky" tower reaching from the surface of Earth to geostationary orbit. Most recent discussions focus on tensile structures (specifically, tethers) reaching from geostationary orbit to the ground. This structure would be held in tension between Earth and the counterweight in space like a guitar string held taut. Space elevators have also sometimes been referred to as beanstalks, space bridges, space lifts, space ladders, skyhooks, orbital towers, or orbital elevators.
The main problem with the space elevator (which we should be dumping more money into) is not that the technology or the science is there (carbon nanotubes have almost enough tensil strenght to do it) is that there is no known economical way or industrial producability to make the amount of materials needed.
The magnetic fields would require a lot of power at first at least until the space anchor is properly put in place. After that it would have stress taken off it from outter space then the power could be reduce to less than half of what it was requiring.
There are many more issues to deal with than the material strength of the structure.