Elon Musk’s Boring Company to undertake hyperloop project – TechCrunch

Elon Musk said via Twitter on Sunday that his urban transit tunneling firm The Boring Company will attempt to build a high-speed, and still theoretical, hyperloop in the coming years.

In 2013, Musk released a white paper outlining the idea of ​​a transportation system capable of sending passengers and cargo in pods through a low-pressure tube at an access speed of 700 miles per hour. He never accepted the project. Instead, Musk shared basic engineering plans and encouraged others to develop the concept. While several companies and researchers have been working steadily on the hyperloop for almost a decade, there is no working example of the system in the world yet.

Musk founded The Boring Company in December 2016 on the premise that finding fast and efficient ways to dig networks of tunnels for vehicles and high-speed trains would end traffic congestion. The Boring Company has landed a few contracts with cities, but nothing that uses hyperloop or high-speed transportation. Its most mature project in Las Vegas uses Tesla vehicles to ferry people along a 1.7-mile section of underground tunnels at the Las Vegas Convention Center. Last year, the company received initial approval for a special use permit and franchise agreement that will allow the Boring Company to expand its Vegas Loop system to a 29-mile route with 51 stations that would include stops at casinos along the Las Vegas Strip, the city’s football stadium, and UNLV. It would eventually reach McCarran International Airport.

Musk’s Sunday tweet, in which he responded to another tweet listing the cities with the worst traffic in the world, comes less than a week after The Boring Company raised $675 million in a funding round of Series C which pushed its valuation to $5.7 billion.

He also claimed that the hyperloop, like other underground tunnels, will also be immune to surface weather conditions such as hurricanes. However, there is well-documented evidence of subways, which are located in underground tunnels, flooding. For example, the New York City subway was flooded in 2012 when Hurricane Sandy hit the coast. The Metropolitan Transportation Authority has since installed locks at 68 lower subway stations and Port Authority Trans-Hudson) in Lower Manhattan.

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