The main problem with the elevator, in my opinion, for many years already is not in the strength of the material. After all, nanotubes are known for many years, and their properties are sufficient for the tether, so in principle it can be done. No, the main problem is with satellites. In fact, asking many times - what to do with existing or future satellites - I never heard a workable answer, even in principle. Just…
If it just destroys the satellite, I'm kind of tempted to say "who cares", because by then we will have other solutions, or satellites out past the counterweight, or we can easily launch more now that we have the fancy elevator, or whatever... but then we'd have the problem of an unimaginable amount of space junk orbiting the earth.