San Francisco: Tesla CEO Elon Musk announced on Monday that his modern urban transportation venture, The Boring Company, will aim to build a high-speed Hyperloop in the coming years. The Boring Company raised $675 million in its Series C round last week, raising its valuation to $5.7 billion.
“In the coming years, The Boring Company will strive to build a working Hyperloop,” Musk said in a tweet.
“From a known point of view of physics, this is the fastest possible way to get from one city center to another for less than 2,000 miles. Starships are faster for longer journeys,” he said.
Musk founded The Boring Company in December 2016.
In October last year, it received preliminary approval to build a transportation system that would carry passengers in Tesla vehicles through a network of tunnels along a 1.7-mile stretch under Las Vegas.
According to the company, operations on the updated Vagus Loop should start this year.
“Underground tunnels are immune to surface weather conditions (subways being a good example), so for Hyperloop it doesn’t matter that Earth is storming,” Musk continued.
first published:April 25, 2022, 5:15 p.m.