Musk plans a ‘transport pod’
Entrepreneur and tech geek Elon Musk has unveiled plans to whisk transport passengers through vacuum-like tubes.
Entrepreneur and technology guru Elon Musk has outlined audacious plans for a new form of transport that could revolutionise travel between large cities. The solar-powered 'Hyperloop' would transport passengers in pods through low-pressure elevated tubes at close to the speed of sound. Musk believes that this could cut down the 380-mile journey from San Francisco to Los Angeles to as little as half an hour, compared with two and a half hours by the planned high-speed rail link. He also claims that it could be built for only $6bn.
What the commentators said
Musk has said that he will not be able to take the project forward directly, due to his work at electric car firm Tesla and rocket developer SpaceX. "Without someone of Musk's stature, and Musk's force of will, the Hyperloop cannot happen," argued Business Insider's Jay Yarow. Yet even if the Hyperloop is unlikely to be built, it may still achieve a wider purpose for Musk by sparking debate about improving US investment in public transport, which is often both costly and ineffectual, suggested Kevin Roose in New York Magazine.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Christmas at Chatsworth: review of The Cavendish Hotel at Baslow
MoneyWeek Travel Matthew Partridge gets into the festive spirit at The Cavendish Hotel at Baslow and the Christmas market at Chatsworth
By Dr Matthew Partridge Published
-
Tycoon Truong My Lan on death row over world’s biggest bank fraud
Property tycoon Truong My Lan has been found guilty of a corruption scandal that dwarfs Malaysia’s 1MDB fraud and Sam Bankman-Fried’s crypto scam
By Jane Lewis Published