For a long time, engineers and architects have speculated about how tall a skyscraper could theoretically be. Frank Lloyd Wright, considered the greatest American architect of all time, designed a mile-tall (1.73 km) tower, The Illinois. This tower was to be built in Chicago and have 528 stories. It was designed in 1956 and probably could have been built at that time, but at great expense.

Structural materials are not the primary limiting factor on skyscraper height. A skyscraper is surprisingly light for its size; after all, its mostly empty space. Steel is strong enough to support structures 10 km (6.2 mi) or taller, while advanced composites might support 100 km (62 mi) or taller.

The three primary limitations on skyscraper height are wind, elevators, and budget.

A altitude vs. maximum wind speed table looks close to the following, for a calm day in a temperate area:

Altitude	Maximum wind speed
2 km (1.24 mi)	22 mph
4 km (2.28 mi)	56 mph
6 km (4.52 mi)	90 mph
8 km (4.97 mi)	134 mph
10 km (6.21 mi)	179 mph
12 km (7.46 mi)	200 mph

Above an altitude of about 12 km, the wind calms down. Also worth noting is that the air gets thinner as you increase in altitude, slightly lessening the load of the intense winds. At the top of Mt. Everest (~9 km altitude), the air is about four times thinner than at sea level.

To counteract the force of wind on skyscrapers above about 500 ft (195 m) in height requires special design features. These may include large internal counterweights, made of metal or even tubs of water, which shift to redistribute weight towards the building's center. Buildings consisting of multiple stalks, such as the Empire State Building in Chicago and Burj Dubai in United Arab Emirates, are also good at dissipating wind.

Improvements in the load-bearing capacity of concrete has recently allowed use of this rigid substance as a building material for skyscrapers, offering wind-dampening luxuries unavailable with steel alone. The Ryugyong Hotel in North Korea, although it was never finished, would be an example of using concrete as a building material for a tall building. The problems with wind are certain to be challenging, but not unsolvable.

The elevator factor is another main limitation on skyscraper height. The taller the building is, the more people live and work there, and the more space at the ground floors must be used for elevators. This challenge has been ameliorated by two strategies: using double-decked elevators, and using sky lobbies as intermediary points for elevator travelers. By using sky lobbies and local elevators for small sections of the skyscraper, a dozen or more elevators could share a single shaft, greatly improving efficiency. For very tall buildings over 2 km or so in size, many-leveled elevators, such as 5-story elevators, may need to be employed. Otherwise the entire ground floor is dominated by elevators.

The last main limitation on skyscraper size, is, of course, budget. Burj Dubai, the world's current tallest skyscraper at a height of 818 m (2,684 ft) including the spire, cost about $4 billion US Dollars (USD). Assuming costs scale linearly with increased height (a generous assumption), constructing a 2 km-tall skyscraper might cost $10 billion USD. This is likely around the limits of what developers would be willing to spend on a single project, though only time will tell.