Most proposed designs of the space elevator are such that the whole structure is under tensile stress from the ground anchor point. In these designs, there are stress limits that constraint the material properties of the ribbon. The calculations (based on geosynchronous height of earth) point to that 130 GPa figure.
There is potentially another design approach in which there is no stress limit required in any point in the structure. In this case, the tensile stress is entirely from the geo synchronous orbit holding up the structure against its weight (rather than the earth holding it up against centrifugal force). You only need to make sure the whole structure is at equilibrium, so the center of mass stay roughly at GEO. So, you start at GEO, and start each level one at a time. after finishing each level, you adjust your center of mass to stay at equilibrium. Then you proceed to build the next level below the previous one, until you reach ground.
In order to the upper levels to be able to hold the weight of the lower ones, the structure will follow a exponential pattern of joints. If whole elevator structure will have $N$ levels, the ground level (Level 0) will have one link. the next level (Level 1) will have $k$ links, which all sustain the weight from level 0 link. Level 2 links will have $k^2$ links, which sustain each of the $k$ links of the level 1 links. The last level will have $k^N$ links.
So at GEO, the stress is the whole weight of the structure by the cross section area of all links. the area grows as $k^N$ while the weight of the whole structure grows as $\frac{1-k^{N+1}}{1-k}$. So asymptotically the stress as GEO stays under parameter control.
The benefit of this approach is that you even can make the whole structure with normal materials (no stress limit required). Of course the tensile strength of the material chosen still affect the number of links and levels required to make the structure sustain its own weight.