There's nothing boring about this news.
Elon Musk – SpaceX/Tesla CEO and imagineer behind the super-fast hyperloop transportation system – announced Thursday that he's "received verbal govt approval ... to build an underground NY-Phil-Balt-DC Hyperloop." He explained in an announcement tweet that the proposed hyperloop line would provide NY-to-DC travel in "29 mins."
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) July 20, 2017
Musk's new tunnel-digging venture, The Boring Company, was green-lit to build the multi-state tunnel, he said in the tweet. The boring technology the billionaire is developing, he claims, will reduce current tunnel construction costs "by a factor of more than 10," perhaps making the ambitious tunneling job not so far-fetched.
The hyperloop is a theoretical pod- and tube-based transport system that's envisioned to reach speeds of over 700 mph, but so far only limited tests of the technology have been completed. Musk and engineers from SpaceX and Tesla open-sourced partial plans for the new transport system in 2013, and two main companies since, Hyperloop One and Hyperloop Transportation Technologies, have pursued the building of hyperloop systems. It's unclear which, if either, company would be tapped to build the proposed NY-DC hyperloop.
Though Musk, busy delivering preorders for his Tesla Model 3 and readying plans to fly humans to Mars, had stayed out of the development of the hyperloop, the creation of The Boring Company earlier this year was seen by some as a sign that the multi-CEO would be pointing some of his efforts toward making underground hyperloop systems a reality. That speculation now looks pretty smart.