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Billionaire Elon Musk unveils futuristic ‘Hyperloop’ transport plan

'Hyperloop' will send passengers from LA to San Francisco in just 30 minutes - if it gets built

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A concept drawing of the Hyperloop. Photo: AFP
Reuters

Billionaire US entrepreneur Elon Musk unveiled plans on Monday for a futuristic “Hyperloop” transportation system to whisk passengers between San Francisco and Los Angeles in under 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.

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Musk said the Hyperloop would cost less than US$6 billion 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.

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The solar-powered system, which Musk previously described as a cross between a Concorde, rail gun and air-hockey table, would shoot as many as 28 passengers in each enclosed capsule through a low-pressure steel tube at up to 1,200km/h, according to the 57-page design plan.

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