Elon Musk recently announced a “verbal government approval” to build a hyperloop between New York and Washington D.C., that will transport passengers in 29 minutes from the city that never sleeps to the nation’s capital.
Link to Musk Tweet:
Just received verbal govt approval for The Boring Company to build an underground NY-Phil-Balt-DC Hyperloop. NY-DC in 29 mins.
— Elon Musk (@elonmusk) 20 de julio de 2017
Musk’s announcement came as a surprise to some startups pursuing the Hyperloop dream after the 2013 publication of a whitepaper by Space Exploration Technologies, in which the viability of the system was effectively laid out.
Most took it as an invitation to develop solutions for the implementation of a Hyperloop as Elon Musk chose to step away at the time to “focus on SpaceX and Tesla.”
With Musk’s renewed interest in building a working Hyperloop that is owned by Space X, it could come as a threat to at least two dedicated startups pursuing the construction of the first functional system: Hyperloop One and Hyperloop Transportation Technologies (also known as HTT).
“While we’re encouraged that others are making some progress, we would like to accelerate the development of this technology as fast as possible,’’ stated Musk’s Boring Co., the venture founded by the entrepreneur to build his net of underground high speed roads to combat L.A. traffic jams.
While some analysts sees Musk’s announcement as putting HTT and Hyperloop One in jeopardy, others in the field think it is an opportunity to consolidate the hyper speed transport market.
“It’s going to take many, many brilliant minds and commitment from many people to push it forward,” Hyperloop One’s CEO Shervin Pishevar told Bloomberg TV just days after he announced his company’s first test run on Nevada desert installations. His prototype reached 192 mph, still far away from the 700 mph the Hyperloop concept noted in the 2013 whitepaper, but closer to reality than anybody thought then.
Musk has another massive project on his hands, and the world, of course, will be watching.