Space Elevator - 1 mile and counting

This is really cool.
A space elevator would totally change the economics of space - an analogy is the cost of ferrying goods via horse and cart vs an aquaduct. Sure 1 mile doesn't sound very much but just imagine a Moore's Law equivalent for Space Elevators. If the length could double every 2 years it would only take about 30 years to get there.
Sound crazy? have a look at your computer specs and remember the first transistor was only built around 1950 or so...