TECH
02/28/2012 02:58 pm ET | Updated Feb 28, 2012

A Space Elevator By 2050? Japanese Company Reveals Its Plans

Imagine boarding an elevator with 30 people, launching from the Earth's equator into outer space, and traveling at 124 miles per hour, for a week, along a 60,000-mile cable to a spaceport at the other end.

This is just what Japanese company Obayashi Corporation has envisioned. The construction company announced its plan for a space elevator this week, predicting it could be up and running by 2050.

The proposal is to build the cable from carbon nanotubes, though the material's high cost could present a hurdle for the ambitious project. Check it out above!

To see more amazing space vehicles of the future, check out the slideshow (below).

7 Spaceships Of The Future

CONVERSATIONS