A Space Elevator By 2050? Japanese Company Reveals Its Plans

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

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

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