GNIP....
Even if this technology becomes feasible, do you really think the enviro-nazis would sit still for this? The space elevator will never get off the ground.
Even if they make carbon nanotubes long enough to build the space elevator, the space elevator will not work IMO
The comments on the site with the article are just as interesting as the story itself to hear the theories behind it.
Carbon Nanotube
http://en.wikipedia.org/wiki/Carbon_nanotube
Graphene
http://en.wikipedia.org/wiki/Graphene
Buckypaper
http://en.wikipedia.org/wiki/Buckypaper
Buckypaper is supposed to be 500 times stronger than steel and extremely lightweight. This is probably what's going to be used to build spacecraft in the future as well as planes and cars.