Space Elevators: Low Cost Ticket to GEO?

Crocuta writes "The current issue of Science News features a cover story that discusses the current developments in space elevator technology. NASA has been working on such devices for many years, but private companies such as Highlift Systems are now jumping on the space elevator bandwagon, no doubt seeing the huge potential profit in a low cost per pound delivery system. PhysicsWeb has a somewhat older, but much more technical article on the formation and structure of the carbon nanotubes that form the basis of the proposed tether cables. With a development like this, we could shoot entire boy bands into space and make the world a better place."