Solar-powered transport system would shoot passengers in capsule through low-pressure tube at up to about 1,280km/h SAN FRANCISCO — Billionaire US entrepreneur Elon Musk on Monday unveiled plans for a futuristic "Hyperloop" transportation system to whisk passengers between San Francisco and Los Angeles in less than half an hour.The highly anticipated announcement put to rest some of the questions surrounding the ambitious project, which the Tesla Motors founder and CEO has hinted at for months but declined to discuss in detail.Mr Musk said the Hyperloop would cost less than $6bn in total and could transport 7.4-million people each way each year.He said it would take seven to 10 years for the project to be completed.The solar-powered system, which Mr Musk had previously described as a cross between a Concorde, a rail gun and an air-hockey table, would shoot as many as 28 passengers in each enclosed capsule through a low-pressure steel tube at up to about 1,280km/h, according to the 5...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.