Elon Musk’s tubular Hyperloop transportation system is the world’s next breakthrough in transportation. The Hyperloop track seeks to move people and cargo at super speeds never thought possible.
The first $100 million test track for the Hyperloop project is to be built in California as soon as next year. The full-scale Hyperloop track between San Francisco and Los Angeles is expected to carry passengers faster than the speed of sound in a pod-like contraption by 2019 and will cost between $7 and $16 billion to build.
People will love to pay for this amazing ride, but Dirk Ahlborn, CEO of the company running the project, made the ride even hotter by announcing that the super-fast transportation might actually be either free or dirt cheap for passengers.
Although, as per the estimates, a ride will cost twice the price of a plane ticket, Ahlborn is thinking about other types of funding mechanisms to make money. One of the ways is by selling the energy. As the whole system works on renewable energy, it actually will generate more energy than it requires.
Let’s hope Ahlborn doesn’t change his mind!