Space Elevator May Become Reality
mojotek writes: "The NASA Institute for Advanced Concepts has a study(15Mb pdf) about the feasibility of a "Space Elevator" comprised of a 22,000 mile long cable built out of carbon nanotubes. In theory, it would be able to carry loads of 20 tons to space without using a single rocket engine. Sounded way too sci-fi for my taste at first, but this article at TechTV actually helped fill in the holes."
as shown in full gory detail here. note the counterweight too.