Elon Musk Pitches Boring Company Hyperloop Between Austin and San Antonio
· Technology · TechCrunch, Bloomberg
Elon Musk announced that his tunneling startup The Boring Company is working on a precursor Hyperloop connecting Austin and San Antonio in Texas. Musk claimed the proposed underground transit system would reduce travel time between the two cities to less than 30 minutes. The announcement follows The Boring Company raising a $3 billion funding round led by the United Arab Emirates. Critics note that several of the company's previously announced projects in major US cities have failed to materialize.
Why it matters
Large-scale infrastructure proposals from private transit companies test the viability of high-speed underground transportation networks in the United States.
Read the original report — TechCrunch
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