There is actually quite a lot of information available about this technology, and several companies and universities that are working on that very thing. Do a goggle search for "space tether" and you will be amazed. Here is an article that is only about a week old:<br /><br />A team of university graduate students and faculty from Tennessee, with the help of NASA engineers, have "launched" a subscale spacecraft model and caught it in mid-air with a unique rendezvous or "catch" mechanism. <br />Their successful demonstration of this mechanism that could grab a payload or craft traveling in space marks a critical milestone in development of a tether-based propulsion system. <br /><br />The professors and graduate students at Tennessee Technological University in Cookeville designed, built and recently tested the subscale tether catch mechanism in a university laboratory. <br /><br />Tether technology, as potentially implemented in space, transfers energy and momentum -- called momentum exchange -- from the tip of a fast-moving, spinning tether to a slower-moving object, dramatically increasing the object's speed. As the tether -- a long cable, approximately 60 to 90 miles in length -- spins end-over-end in space, it catches a payload in low Earth orbit via a catch mechanism, carries it for a half-rotation, and throws the payload toward its final destination. <br /><br />To restore the energy and momentum transferred to the payload, the tether then uses sunlight collected by onboard solar panels to drive electrical current through electrically conductive portions of the tether. <br /><br />The magnetic field generated by this current pushes against the Earth's magnetic field and slowly returns the tether to its original orbit. This technique, called electrodynamic reboost, restores the tether's momentum and energy, and prepares it for the next payload. Together, momentum exchange and electrodynamic reboost are keys to the Momentum Exchange/Electrodynamic Reboost or MXER tethe