I'm not sure how dangerous the 750 ton one would be if it broke. Probably not very.
I could see the middle of the collapsing cable moving faster than the terminal velocity of a feather, but slow enough not to have burned up before it hits something in its path though.
There's also the question of what scales in between 750 tons and 1 million tons, are worth taking into consideration, when it comes to "possible space elevators that might be constructed in the future".