It is not a matter of current materials. It is a matter of basic physics, as has been widely publicised for two centuries. A conductor moving in a magnetic field enjoys a back torque. The back torque brakes the moving conductor. Is there a bushman so dumb that he does not know this? The moving conductor, the orbit elevator tether, would be braked from the first second, and so would retard the entire orbit elevator assembly so as to reduce its orbit velocity to zero and send it falling upon the hapless earth below. There will never be any Hilton ledges on the orbit elevator, no whatevever suites, because there will never be any orbit elevator except for the one braked to an instant stop and falling upon the helpless citizens of the planet below. There will be criminal charges against anyone presently instigating such a scenario. And criminal fraud charges against anyone who invited investment into such an truly absurd scheme.