Elon Musk Will Create His Own Hyperloop

///Elon Musk Will Create His Own Hyperloop

Elon Musk gave the idea of Hyperloop a few years ago, but chose, for some reason, decided not to get involved in the direct development of transportation – instead, two startups stood out: Hyperloop One and Hyperloop Transportation Technologies (HTT). Now, the CEO of Tesla and SpaceX decided to play the game.

According to Bloomberg, a statement issued by the Boring Company of Musk stated that the intention is “to accelerate the development of this technology as soon as possible”. The document also says that Elon will continue to support those who want to develop a Hyperloop, but that these companies need to be “reliable” or lose the license to use the name – which is currently owned by SpaceX.

The announcement was made after the executive announced that he had tacitly negotiated with the US government on the construction of a stretch for Hyperloop between New York and Washington to be made by the Boring Company, but nothing more concrete was disclosed.

The motivation for changing the idea is also striking: it is well known that Musk is extremely focused on execution and perhaps the pace of development of current startups is not in line with his expectations.

By |2017-08-07T12:05:41+00:00August 7th, 2017|Breakthrough Technology, Technology|1 Comment

One Comment

  1. Aldon Galido September 11, 2017 at 6:34 pm - Reply

    The HyperLoop should be a commonplace technology in any future smart city! Such a revolution in terrestrial transport could be taken advantage of the high levels of automation that can be imagined in the infrastructure of a smart city. Extremely reduced delivery periods to the point of materials or supplies being almost on demand would translate to extremely fast movement within supply chains.

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