Showing posts with label Money. Show all posts
Showing posts with label Money. Show all posts

Sunday, August 11, 2013

Tunnel vision: South African Born Elon Musk set to unveil 'hyperloop' super-fast train

The details of his personal life often hit the gossip pages, but PayPal and SpaceX founder Elon Musk’s plans for superfast travel using electromagnetic waves is being taken seriously, writes John Breslin.

WHEN Elon Musk says he has an idea, it’s worth listening. And on Monday, Musk will unveil his thoughts on and plan for super fast travel, 30 minutes from Los Angeles to San Francisco, maybe 45 at some point from LA to New York. 

He calls it the hyperloop and says his “alpha design” for a transport system that will move at twice the speed of airplanes is doable. 

Musk wants to talk to President Obama and the governor of California about his ideas. 

To those who may not have heard of Musk, this is the man who founded the company that is now sending rockets to the international space station and someone who muscled in on the car business — launching a pioneering electric vehicle. He also was involved in PayPal.