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Using wholesale electricity prices for 2008 to 2009, and the current 0.5% efficiency of power beaming, a space elevator would require US$220/kg just in electrical costs. Dr. Edwards expects technical advances to increase the efficiency to 2%.or a space elevator, the cost varies according to the design. Bradley C. Edwards received funding from NIAC from 2001 to 2003 to write a paper, describing a space elevator design.
Perhaps the biggest factor propelling the idea of a space elevator is that it would significantly lower the cost of putting cargo into space. Although slower than the chemically propelled space shuttle, the lifters reduce launch costs from $10,000 to $20,000 per pound, to approximately $400 per pound.erhaps the biggest factor propelling the idea of a space elevator is that it would significantly lower the cost of putting cargo into space. Although slower than the chemically propelled space shuttle, the lifters reduce launch costs from $10,000 to $20,000 per pound, to approximately $400 per pound.