Will there ever be a Space Elevator

The idea of a Space Lift could seem like sci-fi, correct? Notwithstanding, imagine a scenario where we let you know that an organization in Japan has vowed to make this a reality. Simply envision squeezing the "up" button in a lift, and as you rise, you understand you're not going up to the top of a high rise - you're going straightforwardly to space! Unbelievable? Indeed, and conceivable! A space lift would to be sure be the sacred goal of room investigation. Sending off rockets is presently troublesome and extravagant; in this manner, such a task couldn't save billions of dollars yet additionally address the best designing accomplishment at any point understood. Might researchers at any point foster a working space lift model, and provided that this is true, when could we at any point hope to see it?