The following submission statement was provided by /u/Icee777:

Building a Martian space elevator would be complicated by the Martian moon Phobos, which is in a low orbit at ~6,028 km above the Martian surface and intersects the Equator regularly, thus getting in the way of a traditional geostationary space elevator. But there is an idea instead to build a space elevator from Phobos itself. More in the article linked.

Please reply to OP's comment here: https://old.reddit.com/r/Futurology/comments/zh3mao/phobos_orbit_prevents_a_traditional_geostationary/izk3iit/