Posted on 02/26/2015 11:26:09 AM PST by Mellonkronos
[It would really be great if private entrepreneurs could develop this system! Musk is an innovator. Check out the videos in the article.]
“Hyperloop moves closer to becoming reality.” Phil LeBeau@Lebeaucarnews
(Hyperloop Transportation Technologies,Inc., says Elon Musk’s vision for the new transportation system is beginning to take hold. CNBC’s Phil LeBeau reports, and talks to Ahlborn about the 5-mile stretch to be tested in the next few years.)
The Hyperloop, just an idea in the mind of Elon Musk two years ago, is moving closer to becoming reality.
Hyperloop Transportation Technologies has signed an agreement with a developer in central California to build a five mile Hyperloop line in an area along Interstate 5.
"This is a phased process. We've done feasibility studies and now we will be able test all aspects of the Hyperloop," said Ahlborn.
The Hyperloop is the idea of Tesla Motors and Space Exploration Technologies founder Musk, who outlined a vision for transporting people at high speeds in a capsules that will be pushed through a series of tubes stretching over thousands of miles.
"This is big step," said Dirk Ahlborn, CEO of the JumpStartFund, which created Hyperloop Transportation Technologies last year. "It's time to take the Hyperloop from concept and design and build the first one."
The deal signed with developers of Quay Valley in central California calls for construction to start next year and be completed by 2019. Ahlborn estimates the five mile Hyperloop will cost about $100 million to build.
After announcing his idea, Musk said he would not fund or actively work on any projects to build the Hyperloop. Musk has since announced plans to build a Hyperloop test track in Texas.
How will Hyperloop Transportation Technologies pay for the initial stretch?
Much of the funding will come from an IPO…
(Excerpt) Read more at cnbc.com ...
Well, if you extend that to Facebook and tweets it was certainly prescient.
“Musk is an innovator?
More like a government subsidy leach.”
That’s the Tesla business model in any case. All of Tesla’s profit comes from selling green credits to companies that need them. The cars themselves cost way more than what they are selling them for.
Facebook and Twitter are both being used for business these days. So are Instagram and Pinterest.
That those sites/functionality are being used for business purposes does not change the fact that individual employees can waste company time on personal stuff, easier than ever.
Anyone my age isn’t using a company computer to waste time, they’re using their own smart phone which is faster, has better software on it, and can’t be monitored by the boss.
You keep throwing out red herrings: whether they’re using the computer or phone is not the issue, just as whether social websites can be used for business is not the issue. I can’t waste more of my own time on this elementary level of debate.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.