http://www.timesonline.co.uk/article/0,,1072-1794500,00.html
Sir Arthur C. Clarke on the prospect of a real-world space elevator
'The space elevator was the central theme in my 1978 science-fiction novel The Fountains of Paradise (soon to be a Hollywood movie). When I wrote it, I considered it little more than a fascinating thought experiment. At that time, the only material from which it could be built — diamond — was not readily available in sufficient megaton quantities. This situation has now changed, with the discovery of the third form of carbon, C60, and its relatives, the Buckminsterfullerenes. If these can be mass-produced, building a space elevator would be a completely viable engineering proposition.'