This a moon-GEO elevator which may have its advantages but it does not help you get out of the planetary gravity well.
The geosynchronous orbit is about a 10th of the way to the moon, so this moon elevator would go 9/10ths of the way toward the Earth. That's significant but it's precisely that remaining 10th of the way where the vast majority of energy expenditure occurs. If you can make it from the surface of the Earth to geosynchronous, then making it to the moon is relatively cheap.
Edit: actually you don't need any specific speed. Reaching orbit does, around 9 km/s for low orbit, vertical uplift doesn't.
Of course pulling up using the cable would needs power, but it could be a solar powered elevator.