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  1. A person close to Tesla CEO Elon Musk has indicated that the EV mogul plans to build the Hyperloop from New York to Washington, D.C. that he tweeted about earlier this month. Bloomberg first reported the story. While Musk laid out the original idea for the Hyperloop, he has largely remained on the sidelines while separate startups — like Hyperloop One and Hyperloop Transportation Technologies — develop technology for the space-aged transportation system. That is no longer the case. “While we’re encouraged that others are making some progress, we would like to accelerate the development of this technology as fast as possible,’’ The Boring Compnay said in a statement. “We encourage and support all companies that wish to build Hyperloops and we don’t intend to stop them from using the Hyperloop name as long as they are truthful.’’ Essentially, while Musk will still support development from other companies, he fully intends on building the entire Hyperloop system he previously mentioned. Hyperloop One and HTT have conducted several tests in recent months and made significant progress. HTT recently penned a deal with South Korea to construct a 200-mile Hyperloop system between Seoul and Busan. If HTT can achieve its 620 mph goal, the journey between the two cities would only be 20 minutes. Hyperloop One greeted Musk’s intentions with optimism, saying that it will take a team effort to make the Hyperloop dream come to fruition. “It’s going to take many, many brilliant minds and commitment from many people to push it forward,” Pishevar said. “I’m a huge believer in him.” Hyperloop One recently completed a test where it’s pod flew down the track at 192 mph. Hyperloop technology has already received a boost from SpaceX in the Hyperloop pod competition earlier this year. The competition, which called on college students and independent engineers to test their Hyperloops on a test track outside SpaceX and Tesla HQ in Hawthorne, California, is in its second installment this summer. “The competition’s goal is to accelerate the development of functional prototypes and encourage innovation by challenging teams to design and build the best high-speed pod,” according to the SpaceX website. “Teams put their pods through a litany of tests, which was made possible through our Hyperloop system.” The company is gearing up for the second installment of the competition, which is slated for the weekend of Aug. 25 and will feature a focus on only one objective: Maximum speed. While in the past Musk’s companies have worked to bolster and support the development of Hyperloop technology, this new, inside information signals that Musk himself will begin to develop his own technology. Source
  2. Hyperloop Technologies Transportation (HTT) has forged a deal to make a near-supersonic train in South Korea. The train would go from Seoul to Busan, a roughly 200 mile expedition. South Korean officials have previously stated that their goal is to have a Hyperloop that goes about 620 mph, making the 200 mile journey between the cities last for about 20 minutes. To put it in an American perspective, the Hyperloop being discussed in South Korea could take someone from Los Angeles to San Francisco — an over 380 mile journey — in roughly half an hour, which would knock more than 5 hours off the current commute time. Hyperloop uses magnetic levitation in low-pressure tubes to transport people and goods at bullet-like speeds. Elon Musk first floated the Hyperloop idea in 2013, although he has no stake in HTT or its primary competitor, Hyperloop One. HTT made the deal with South Korea’s department of technological innovation and infrastructure, along with the Korea Institute of Civil Engineering and Building (KICT) and Hanyang University. It will include licensing and research development of the tube infrastructure and safety platform, a full-scale test track, and access to HTT’s levitation, propulsion, and battery technology as well as passenger experience designs, according to CNBC. In terms of the finances and timeline, CEO Dirk Ahlborn doesn’t seem too rushed to throw down any numbers. “We haven’t defined the specifics yet. We are in the process of knowledge sharing. We had first talks about the different areas of co-development. It’s not set in stone yet,” Ahlborn told CNBC in a phone interview. Whether it be above-ground transportation like Hyperloop or underground tubes like Musk’s Boring Co., this all seems to indicate that tubular transportation is the wave of the future. “Tube travel changes the way people live and move, it has the opportunity to unite people,” said Tai Sik Lee, KICT President, according to New Atlas. “The Republic of Korea continues its tradition of technological advancement and innovation by bringing this technology to life, the government has allocated the necessary resources, we finalized our preliminary research and now are getting ready to implement.” Source

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