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Elon Musk aims to build high-speed hyperloop project

San Francisco: The Boring Company, the tunnel construction services company founded by Elon Musk, aims to build a high-speed hyperloop in the coming years.

“In the coming years, Boring Co will attempt to build a working Hyperloop,” Tesla chief executive officer (CEO) 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,” he added.

Founded in December 2016, The Boring Company raised $675 million in a funding round last week, taking its valuation up to $5.7 billion.

In October last year, it 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 Las Vegas.

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Operation on the updated Vegas loop should commence this year, according to the company.

“Underground tunnels are immune to surface weather conditions (subways are a good example), so it wouldn’t matter to Hyperloop if a hurricane was raging on the surface. You wouldn’t even notice,” Musk further said.

IANS contributed to the story

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