Why Elon Musk's Hyperloop dream won't be coming to the US any time soon
Mike Nudelman/Business Insider
View all Offers
- 18% OFF
Redmi 9 (Carbon Black, 4GB RAM, 64GB Storage) | 5000 mAh| 2.3GHz Mediatek Helio G35 Octa core Processor₹ 8999₹ 10999Buy On
- 60% OFF
boAt Bassheads 100 in Ear Wired Earphones with Mic(Black)₹ 399₹ 999Buy On
- 9% OFF
OnePlus Bullets Wireless Z Bass Edition (Bold Black)₹ 1999₹ 2190Buy On
- 19% OFF
Redmi Note 10 (Aqua Green, 4GB RAM, 64GB Storage) -Amoled Dot Display | 48MP Sony Sensor IMX582 | Snapdragon 678 Processor₹ 12999₹ 15999Buy On
- 21% OFF
Redmi 9 Power (Blazing Blue, 4GB RAM, 64GB Storage) - 6000mAh Battery |FHD+ Screen| 48MP Quad Camera | Alexa Hands-Free Capable₹ 10999₹ 13999Buy On
"The question becomes what are the economics of building out something like the Hyperloop system, will they be better than continuing to use aircraft? My gut sense is it is going to be easier to come up with an energy efficient aircraft than a way of building out an entirely new network cheaply," he added.Dirk Ahlborn, the CEO of Hyperloop Transportation Technologies (HTT), which is one of the US-based companies working on the technology, told Business Insider that even though his company will begin building a five-mile track just outside of Los Angeles, Calif. next year, he will likely grow his business overseas.
While a large-scale Hyperloop system connecting major US cities likely won't become a reality anytime soon, smaller scale Hyperloop systems carrying passengers within a city may not be that far out.
For example, the five-mile track Ahlborn is building in Quay Valley, Calif. is slated to be finished in 2018 and will be open for use by the public."The last invention in personal transport was in the 1950s with the commercial airlines came out and since then it has been more or less the same," he said. "We are capable of amazing things...There's a lot to reinvent and I hope that more entrepreneurs are trying to look at that."
NOW WATCH: The Best Features Of Elon Musk's Hyperloop
- Weekend watch list for OTT — Fahadh Faasil’s Malik to Farhan Akhtar’s Toofan and more
- Reliance Retail surprises all by more than doubling its net profit in the last three months
- Reliance Jio adds 42 million subscribers but the average revenue is pretty much the same
- YES Bank’s net profit grows four fold as provision for bad loans shrink
- Amazon Prime Day 2021: Best deals and offers on headphones