"In Obayashi's project, a cable would be stretched up to 96,000 kilometers, or about one-fourth of the distance between the Earth and the moon. One end of the cable would be anchored at a spaceport on the ground, while the other would be fitted with a counterweight.Well, that's something to look forward to. The diagram in the linked article is amazing having all the plausibility of a warp drive [via].
The terminal station would house laboratories and living space. The car could carry up to 30 people to the station at 200 kilometers per hour, which would mean a 7-1/2 day trip to reach the station. Magnetic linear motors are one possible means of propulsion for the car, according to Obayashi."
Architecture Construction firm aims at space elevator in 2050: