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Investors gave Musk more than 15 billion kronor to build a hyperloop

Investors gave Musk more than 15 billion kronor to build a hyperloop

According to her, Boring’s goal is to eliminate “soul-destroying transport” through an extensive network of tunnels. He intends to use the latest funds for the Loop system, which will transport passengers through high-speed tunnels.

The company previously stated that the technology could transport passengers one day at speeds of up to 150 miles per hour (241.4 kilometers per hour). But so far, they have not been able to reach this speed.

The company also recently secured permits for a 29-mile (46.7 km) network of tunnels connecting 51 stations below Las Vegas. Boring describes the network as “the largest underground transportation project” and says it will eventually be able to transport 57,000 passengers per hour.

The cabin of the Virgin hyperloop in Las Vegas

Photo: Virgin Hyperloop, Reuters

In 2013, Musk began promoting a high-speed passenger technology called hyperloop, forcing several companies to join the system. The system relies on the movement of overpressure capsules through vacuum tube tunnels.

However, so far it is still far from the Hyperloop concept, which according to one of the units should knock the tunnels even faster, according to one of the companies that developed the technology, at speeds of up to 760 miles per hour (1,223.1 kilometers per hour).

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