Elon Musk abandons second LA hyperloop tunnel, opting for another instead November 29, 2018 Billionaire entrepreneur Elon Musk has ducked out of plans to build a second high-speed passenger train tunnel in Los Angeles, after litigation forced his firm The Boring Company to back down from the project. Musk had plans to build the 2.7 mile-long Sepulveda tunnel on the western side of LA, however has since ditched development after [...]
Elon Musk says first Hyperloop tunnel to open in the US in December October 22, 2018 Entrepreneur Elon Musk has said the first testing tunnel of his Hyperloop transport system is almost fully completed, and will be open to the public later this year. Manufactured under his firm Boring Co., Hyperloop is a network of high-speed transit tunnels designed to maximise the efficiency of public transport at a lowered cost. Musk said on Twitter [...]
Out of the loop: Virgin boss Branson steps down from Hyperloop role October 22, 2018 Sir Richard Branson quit his role as chairman of Virgin Hyperloop One tonight, in a move that comes days after Saudi Arabia said it was scrapping a planned deal with the company following the billionaire’s decision to freeze his ties with the kingdom. In a statement this evening the company, which plans to build a [...]
The world’s first hyperloop train has been revealed and is due to launch next year October 3, 2018 The world’s first hyperloop capsule which promises to zip passengers around at airplane speeds has been revealed in Spain. The capsule, produced by HyperloopTT, will hold up to 40 passengers when it becomes operational in 2019. The system uses a system of frictionless magnetic cushions to propel capsules along underground low-pressure tubes at speeds of [...]
Tesla becomes world’s second most valuable car maker at $100bn January 22, 2020 Tesla’s market capitalisation soared past the $100bn mark today as shares rallied, making it the world’s second most valuable car maker and putting chief executive Elon Musk in line for a big payday. Tesla shares have risen more than eight per cent today to hit an intra-day high of $594.48, pushing its market capitalisation up [...]
Mayor Sadiq Khan backs TfL working on delivering a hyperloop proposal for London May 24, 2018 Sadiq Khan has said he would back proposals for a hyperloop system in the capital, and that Transport for London (TfL) would be ready to help deliver the plans. London’s transport body does not intend to develop proposals itself at present, but the mayor said he is keeping tabs on developments, and TfL will “of [...]
With rail closures planned this weekend, here’s how we should revamp our chugging transport system May 24, 2019 This week, consumer watchdog Which revealed that rail passengers lost four million hours to train delays last year, with an average of 660 cancellations per day. It’s hardly surprising. Any regular commuter will have experienced a delay, cancellation or disruption recently – perhaps you’re experiencing one right now, in fact. Read more: Nearly 4m hours [...]
Virgin Hyperloop One is expected to launch in London within the next 10 years, but its progress is being hindered by Brexit and HS2 June 5, 2018 London is set to be getting its own Virgin Hyperloop One system between the capital and major UK cities within the next ten years, pending regulatory approvals, but Brexit and HS2 have been its biggest delays, City A.M. has learned. Two Hyperloop London destinations that are in the works are routes to Manchester and Edinburgh, [...]
Canadian start-up looking to raise £35m for project to rival Elon Musk’s Hyperloop April 4, 2018 A Canadian startup has entered the futuristic transportation race by issuing a call to arms to raise $50m (£35m) to develop its own hyperloop technology. Bloomberg reported that TransPod is looking to raise funds to develop its own Hyperloop, a project first proposed by Elon Musk’s Tesla and SpaceX. Hyperloop envisages passengers propelled in pods [...]
Virgin billionaire Richard Branson is taking up Hyperloop One chairman role December 18, 2017 Virgin entrepreneur Richard Branson is taking up a top leadership position at Virgin Hyperloop One, the transportation startup he recently invested in and rebranded under his empire’s name. The billionaire businessman will become chairman at the US company which hopes to build high speed transport based on a technology concept created by Elon Musk around [...]