News Tech and Science

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

Twitter COVID misinformation policy
Image: Video Screenshot

Tesla CEO Elon Musk announced on Monday that The Boring Company, a modern urban transportation venture, will aim to build a high-speed hyperloop in the coming years.

The Boring Company, a project that plans to build underground highways to relieve traffic congestion, raised $675 million in its Series C round last week, raising its valuation to $5.7 billion.

“In the coming years, Boring Co will attempt to build a working Hyperloop,” 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.

Musk established The Boring Company in December of 2016.

It received preliminary approval in October of last year to construct a transportation system that would shuttle passengers in Tesla vehicles through a network of tunnels along a 1.7-mile section beneath Las Vegas.

According to the company, operations on the updated Vegas loop will begin this year.

“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.


About the author

Brendan Byrne

While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala.

Daily Newsletter