Elon Musk's The Boring Company will handle the Hyperloop project – TechCrunch - New Style Motorsport

Elon Musk said Sunday via Twitter that his urban transportation tunneling business, The Boring Company, will attempt to build a high-speed — and still theoretical — hyperloop in the next few years.

In 2013, Musk published a white paper outlining the idea of ​​a transportation system that could send passengers and cargo in capsules through a low-pressure tube at an access speed of 700 miles per hour. He never took over the project. Instead, Musk shared basic engineering plans and encouraged others to develop the concept. While various companies and researchers have been steadily working on Hyperloop for nearly a decade, there is still no working example of the system anywhere in the world.

Musk founded The Boring Company in December 2016 on the premise that finding quick and effective ways to dig tunnel networks for high-speed vehicles and trains would end traffic congestion. The Boring Company has gotten some city contracts, but nothing that uses hyperloop or high-speed transportation. His most mature project in Las Vegas uses Tesla vehicles to transport 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 Strip. of Las Vegas, the city’s football stadium and UNLV. It would eventually arrive at McCarran International Airport.

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

He also stated 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 subterraneans, which are located in subterranean, flooded tunnels. For example, the New York subway was flooded in 2012 when Hurricane Sandy hit the coast. Since then, the Metropolitan Transportation Authority has installed gates at 68 low-rise subway and Trans-Hudson Port Authority stations in Lower Manhattan.

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