The Boring Company to build high-speed hyperloop project: Elon Musk

The Boring Company to build high-speed hyperloop project: Elon Musk

by Pranali Mehta

Leading underground tunneling firm, The Boring Company, will be reportedly attempting to construct a high-speed, still technically theoretical, hyperloop, in coming years, the company’s billionaire founder Elon Musk announced through a tweet on Sunday.

Back in 2013, the Tesla CEO had outlined the idea of a transport system that transported passengers and cargo in pods via a low-pressure tube at speeds exceeding 700 miles per hour, but did not take up the project. Instead, he shared the basic engineering plans and encouraged others to create the hyperloop concept.

Many researchers and companies across the world have worked steadily on realizing the project for almost a decade but have not been able to come up with a working example.

In 2016, The Boring Company (TBC) was founded by Musk under the premise of finding fast and effective ways to dig a network of tunnels, for high-speed trains and vehicles, to solve the ever-present issue of traffic congestion.

While TBC has successfully obtained contracts from some US cities, none of them use high-speed transport or hyperloop.

The firm’s most mature project in Las Vegas utilizes Tesla vehicles to shuttle people along a 1.7-mile stretch of underground tunnels at the Las Vegas Convention Center (LVCC) Loop.

In 2021, TBC had obtained initial approval for a special use permit as well as a franchise agreement, allowing it to extend the Vegas Loop system to a 29-mile route having 51 stations along the Las Vegas Strip, the football stadium, and UNLV, ultimately reaching the McCarran International Airport.

Musk’s tweet had been in response to another tweet that listed cities around the world having the worst traffic, and follows TBC closing a $675 million Series C round and reaching a valuation of $5.7 billion.

The billionaire has also claimed that the hyperloop, similar to his underground tunnels, would be immune to weather conditions on the surface, like hurricanes.

However, evidence has shown that even subways, which are located underground, have flooded as a result of natural disasters. For instance, in 2012, Hurricane Sandy severely flooded New York City’s subway system, causing the Metropolitan Transportation Authority to install floodgates in 68 underground subway stations.

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Pranali Mehta

A chemical engineer by qualification, Pranali Mehta dutifully walked down the slated path and worked in a chemical firm for a year. Her passion for writing however, pushed her into experimenting with the same as a career. With over three years of experience in content writ Read more...