Elon Musk owned ‘The Boring Company’ aims to build high-speed hyperloop project
- ByStartupStory | April 25, 2022
Elon Musk owned- The Boring Company, a tunnel construction services company that plans to build a high-speed hyperloop in the future years.
“In the coming years, Boring Co will attempt to build a working Hyperloop,” Tesla chief executive officer Elon Musk said in a tweet.
“From a known physics standpoint, this is the fastest possible way of getting from one city centre to another for distances less than 2,000 miles. Starship is faster for longer journeys,” Elon Musk further added.
The Boring Company, founded in late 2016, raised $675 million in a funding round last week, scaling its valuation up to $5.7 billion.
In October 2021, the tunnel construction service company received initial approval to build a transportation system that would shuttle passengers in Tesla vehicles via a network of tunnels along a 1.7-mile section under the city of Las Vegas. According to the company, Operation on the updated Vegas loop should commence this year.
“Underground tunnels are immune to surface weather conditions (subways are a good, e.g.), so it wouldn’t matter to Hyperloop if a hurricane was raging on the surface. You wouldn’t even notice,” Musk further added.
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