yes it can be done.
but you must understand when you have your head to the sky there will be those who want you to keep gathering the stones...we can all gather the
stones to build a platform to just jump into space. 6 billion people with 6 billion bricks perday can make a platform to space in less than a year.
I think to make it stay in orbit you gotta make it rotate around the earth at some considerable speed.
You idea is sound...I think but for enough fuel you'd need a very large balloon to carry all the weight.
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