Hyperloop's Boring Co. Raises Millions
Successful New Round of Funding
Plans for LA, Chicago, Baltimore and More
Elon Musk's Boring Company has raised $117 million in its latest round of funding. The money came from 20, unnamed investors in return for $120 million in equity in the company. Entrepreneur/CEO Elon Musk has big plans for the company and the investment money to develop the hyperloop and loop.
Networks of Underground Vacuum Tubes for Very Fast Transit
Musk's hyperloop, which are passenger transit pods travelling inside vacuum tubes, has the potential to travel at speeds up to 760 mph. The system would carry passengers 350 miles in 35 minutes. He has completed testing his Loop project Test Tunnel, which transports cars through underground tunnels, parks them underground and then retrieves them for drivers. The purpose of Loop is to reduce the number of cars on the road.
Loop and Hyperloop Projects
Musk has a number of projects underway including the Chicago Express Loop and the Las Vegas Convention Center Loop. He has proposed a system to connect Washington, DC and Baltimore. He's also pushing a project that would transport fans directly to Dodgers Stadium in Los Angeles. Musk has cited gridlocked LA traffic and the big difficulties of big city transportation systems as inspiration for his concepts that are designed to revolutionize transportation. In chasing his dream he has raised money in the past by selling Boring Company hats and flamethrowers. He is also CEO of Space X and Tesla. For a free Kindle read of my book "How to Travel in the Future", go to amazon.com/author/ekane https://www.amazon.com/gp/product/B07MY8C3HG/ref=dbs_a_def_rwt_bibl_vppi_i2
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| Source: Boring Company CEO Alon Musk |
Plans for LA, Chicago, Baltimore and More
Elon Musk's Boring Company has raised $117 million in its latest round of funding. The money came from 20, unnamed investors in return for $120 million in equity in the company. Entrepreneur/CEO Elon Musk has big plans for the company and the investment money to develop the hyperloop and loop.
Networks of Underground Vacuum Tubes for Very Fast Transit
Musk's hyperloop, which are passenger transit pods travelling inside vacuum tubes, has the potential to travel at speeds up to 760 mph. The system would carry passengers 350 miles in 35 minutes. He has completed testing his Loop project Test Tunnel, which transports cars through underground tunnels, parks them underground and then retrieves them for drivers. The purpose of Loop is to reduce the number of cars on the road.
Loop and Hyperloop Projects
Musk has a number of projects underway including the Chicago Express Loop and the Las Vegas Convention Center Loop. He has proposed a system to connect Washington, DC and Baltimore. He's also pushing a project that would transport fans directly to Dodgers Stadium in Los Angeles. Musk has cited gridlocked LA traffic and the big difficulties of big city transportation systems as inspiration for his concepts that are designed to revolutionize transportation. In chasing his dream he has raised money in the past by selling Boring Company hats and flamethrowers. He is also CEO of Space X and Tesla. For a free Kindle read of my book "How to Travel in the Future", go to amazon.com/author/ekane https://www.amazon.com/gp/product/B07MY8C3HG/ref=dbs_a_def_rwt_bibl_vppi_i2
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