Monday, June 24

Tag: hyperloop

Elon Musk To Compete To Fund High-Speed Loop In Chicago
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Elon Musk To Compete To Fund High-Speed Loop In Chicago

Tech entrepreneur Elon Musk said on Tuesday The Boring Company will compete to fund, build and operate a high-speed Loop connecting O‘Hare Airport to downtown Chicago. Musk, the chief executive of electric car maker Tesla Inc and rocket company SpaceX, recently started the Boring Company to build transport tunnels for the system, which he says would be far faster than current high-speed trains and use electromagnetic propulsion. Earlier on Wednesday, Chicago's Mayor Rahm Emanuel asked respondents to present proposals to develop, design, equip, finance, operate and maintain an O'Hare Express operating system through a public-private agreement with Chicago.  “Although cost estimates for the project are not yet known, the RFQ (Request for Qualifications) stipulates that the O‘Hare Expres...
After Inspiring An Industry Of Hyperloop Startups, Elon Musk Is Set To Build His Own
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After Inspiring An Industry Of Hyperloop Startups, Elon Musk Is Set To Build His Own

Elon Musk is now set to make his own Hyperloop after being an inspiration for startups, as per the latest report by Bloomberg.  The Tesla and SpaceX CEO is said to be planning to build the Hyperloop portion of his planned underground tunnel-based Hyperloop network himself, rather than relying on outside partners who are already developing commercial Hyperloop technology. He briefed his research conducted with his team at Space Exploration Technologies Corp that demonstrated the system's viability and offered it as a gift to the startup ecosystem. He revealed this saying that he needs to be "focussed" on SpaceX and Tesla. While the other startups raced to develop their hyperloops, the SpaceX and Tesla CEO's twitter post claiming to have received "verbal government approval" hit as ...