The water might be able to recycled instead of blasting it into space as rocket fuel if a [para-aramid or ultra-high-molecular-weight polyethylene fibre] lunar orbital elevator could be prioritized before the lunar cell phone network. #lunarproblems
You also can't build one on the Moon because you'd need to reach its "lunastationary" orbit, a point which is more influenced by Earth's gravity than the Moon's.