SpaceX CEO Elon Musk stands next to the company’s Falcon 9 rocket, which blasted SpaceX’s Dragon capsule into orbit in December 2010. Image by SpaceX
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.