Elon Musk has promised to build a high-speed transport system Hyperloop
Last Sunday, billionaire Elon Musk announced on Twitter that his Boring Company would launch a project in the coming years to build the Hyperloop high-speed transportation system, a concept he outlined in 2013. Thus, Musk reacted to the publication of a rating of cities with the worst transport situation.
The head of Boring said that Hyperloop, like other underground transport systems, will also be immune to weather conditions such as hurricanes. This is a controversial argument because there is evidence of flooding of underground systems due to hurricanes. For example, when the sandstorm “Sandy” hit the east coast of the United States in 2012, the New York subway was flooded. The management company then installed gateways at 68 subway stations and the PATH transportation system in Lower Manhattan.
The head of Boring said that Hyperloop, like other underground transport systems, will also be immune to weather conditions such as hurricanes. This is a controversial argument because there is evidence of flooding of underground systems due to hurricanes. For example, when the sandstorm “Sandy” hit the east coast of the United States in 2012, the New York subway was flooded. The management company then installed gateways at 68 subway stations and the PATH transportation system in Lower Manhattan.
Musk also noted that Hyperloop is the fastest transport for relatively short distances, up to 2,000 miles or about 3,200 km. For long-distance travel, Starship will be better, which Musk plans to use not only for space flights, but also as a very fast vehicle on Earth.
The Boring Company was founded in 2016. Last week, the company had a successful round of C-Series funding, raising $675 million. As a result, The Boring Company’s market value is estimated at $5.675 billion. DFJ Growth. Real estate investment companies Brookfield, Lennar, Tishman Speyer and Dacra also took part in the financing round.
