Hyperloop Testing Starts Next Year
neanderslob writes: In 2013, Elon Musk told us about a theoretical transportation system he'd been thinking about for a while. It was called "hyperloop," and it was a tube-based system capable of sending people and things at speeds of up to 800mph. Now, a company called Hyperloop Transportation Technologies plans to start construction on an actual hyperloop next year. The idea is to build it to serve Quay Valley (a proposed 75,000-resident solar power city in Kings County, California). The project will be paid for with $100 million the company expects to raise through a direct public offering in the third quarter of this year. The track itself will be a 5-mile loop and won't reach anywhere close to the 800mph Musk proposed in his white paper — but it's a start.
Meaning the Boeing 747 became extremely popular while the Concord wound up eventually going to the dustbin of history because per passenger-mile, the Boeing 747 was cheaper than the Concord, despite taking much longer to move passengers from New York to London.
And that's the problem I see with the Hyperloop: sure, it may be technically possible to send passengers in a train in a tube with a vacuum at 800 miles per hour from Los Angeles to New York, but at the end of the day, its the cost per passenger mile that matters. And a large airplane traveling along at 500 miles per hour, which doesn't require 3,000 miles of dedicated hardware to travel through, is going to be far cheaper than buying a 3,000 mile strip of land and building a tube. across it.