Announcement Due Out Monday From SpaceX
The fevered speculation about billionaire entrepreneur Elon Musk’s mysterious “Hyperloop” transport system is about to come to an end.
The visionary CEO behind electric-car firm Tesla and the private spaceflight company SpaceX has said he will unveil a Hyperloop design on Monday (Aug. 12).
Elon Musk, SpaceX CEO, stands next to SpaceX’s Falcon 9 rocket in the picture to the right.
Hyperloop is intended to be a passenger transport costing less than a plane ticket to ride. But don’t get too excited. Hyperloop, a solar powered vehicle is designed to take you from Los Angeles to San Francisco in less than 30 minutes. Which means the flight must reach speeds over 600mph.
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