Two US Hyperloop Startups Line Up Financing From China (bloomberg.com)
Los Angeles startups Arrivo and Hyperloop Transportation Technologies have reportedly secured financing from Chinese state-backed companies. "Lining up potential funding helps solve one of the biggest obstacles for hyperloop systems: They will be extremely expensive to build," reports Bloomberg. From the report: Arrivo, founded by a former senior engineer at Elon Musk's Space Exploration Technologies Corp., said it secured a $1 billion credit line with Genertec America Inc., a subsidiary of a Chinese state-owned entity based in Beijing that has helped finance and build high-speed rail and other infrastructure projects in Iran, Turkey and elsewhere. The credit line will go to backers of a future project using Arrivo technology, not to the startup itself. [The Genertec debt could be used to construct a project using the company's technology anywhere in the world, not necessarily in China.] Separately, Hyperloop Transportation Technologies said it plans to work on a 10-kilometer test track in Tongren, part of China's Guizhou province, at an initial cost of about $300 million. State entity Tongren Transportation & Tourism Investment Group will provide half the funds and seek private investors for the other half, HyperloopTT said. The precise route is yet to be determined.
Why on earth would the intelligent Chinese risk such an investment in that shithole? Guess they must have hedged it with the Saudi Arabians and consider Trump's treason with Russia a positive sign. Not all deals are good deals trumptard.
If they couldn't get funding from risk-happy US capitalists, that's a big red flag. If the Chinese are funding it it's because they want to steal the technology. You can count on it.
Shutting down free speech with violence isn't fighting fascism. It IS fascism!
Does anyone remember the "elevated bus" project, which was supposed to drive on existing roads "over" existing traffic? That turned out to be an investment scam ( https://www.wired.co.uk/articl... ). The key element is something "futuristic/high technology" that (and this is the main element here) involves raising a lot of money. Once that is done it's already a success, they don't actually have to do more than make some kind of show of building something.
I don't think hyper loops are real-world feasible. Even if the technology works, any aggrieved destructive fool - and these exist everywhere in the world, China included - can put the entire system at risk in a way that aircraft are not threatened by. It's easier to guard an airport in such a way that man-portable missiles are out of range of aircraft taking off/landing, than it is to guard the entire length of some long-distance piped network that basically needs to maintain vacuum sealing in its entirety. "Normal" high speed rail is going to be less dangerous/easier to guard than hyper loops, unless they are going to bury the entire thing underground, which will drive costs up, which makes aircraft more competitive.
One thing about design that gets overlooked is, you don't just look at "is it good if it works?", you also need to look at "what happens when something goes wrong?". There are more failure modes for hyper loops where "everybody dies" than there are for aircraft and trains. Even if it exists, you're going to be taking a much greater risk getting in one than alternative transportation methods.
Story doesn't mention Trump at all. He's living in your head, rent free, 24/7.
Shutting down free speech with violence isn't fighting fascism. It IS fascism!
This nonsense is neither feasible nor safe. It's amazing how often some people ignore basic physics.
Actually the TDS sufferers do pay rent in kind.
By constantly repeating his name for no particular reason, they give him millions and millions of dollars worth of free publicity.
By acting like unhinged hate-filled wingnuts, they do more to promote his reelection than even the most expensive campaign ads.
I don't think hyper loops are real-world feasible. Even if the technology works, any aggrieved destructive fool - and these exist everywhere in the world, China included - can put the entire system at risk in a way that aircraft are not threatened by.
You could say the same thing about trains but your point is a fair one. That's probably not the major obstacle in my opinion. The major obstacle is probably just economics. It's a technically complicated (thus expensive) system and it's not at all clear that it can be made and operated for a cost competitive with alternative means of transportation. I think it's an interesting idea but I just have a hard time imagining it being an economically practical one even if the technology is feasible.
Interestingly hyperloop might make a lot more sense on Mars which is where Elon's ambitions lie anyway. Not much atmosphere to get in the way so the pumping costs are lower plus you would actually want protection from dust and other features. Flying isn't really an option and traditional trains probably would be problematic. So while it might not make sense here on Earth in the face of economically proven competitors, it might actually make sense elsewhere in the solar system if/when we ever get there.
Trump should go to jail for all the free political advertising he never reports!
And Trump is a traitor for not supporting these companies and making them go to China.
If you are in tech and expect to continue to have a job in the near future, you better start learning Mandarin.
Americans are WAY too attached to their cars.
So why are people dumping money down this bottomless pit?
Oh yeah. Shiny new snake oil!
Chas - The one, the only.
THANK GOD!!!
This is a solution to Trump's $1.5 trillion infrastructure plan which was ignored by US business (and everyone else) - get foreigners to fund it. They will of course want a good return on their investments to MAGA.
Monorail... monorail... monorail...
Got to give Chinese gov credit. They are basically buying companies technology for nothing. That 1B credit for Arrivo will require that all the work be done in China. As such, they will have fully access to the tech and will be spread around the nation.
Hopefully, the boring company will not be so stupid.
The other ones that are foolish are the airplane companies that are NOT getting into this. Boeing and Airbus should be all over this. But any builder of pressurized aircraft should be working with Musk on this.
I prefer the "u" in honour as it seems to be missing these days.
Common carriers generally have to meet or exceed the safety standards. Emergency exits are one of those, so I guess the Chinese have ejection seats that can push you up and out of the capsule and tube? Or very cheap reusable space suits? The SR-71 and U-2 flew in thicker air than is in the Hyperloop tube, and the pilots had to wear full space suits, cause decompression is a sometimes thing.
And the problem is how could we transfer or find materials to build one in Mars, let alone find a practical way to build a colony there?
Quite right but that's a separate issue for the distant future. We would have to have considerable infrastructure on Mars to make building a hyperloop system worth worrying about. If we are that built up then chances are we are doing manufacturing on Mars and tapping into the raw materials available on the planet. We're certainly not going to transport the materials from Earth for something like that.
I guess in theory, it makes sense. In practice, there are many other issues involved (aside the technology) that would make things impossible...
Of course. I'm talking very broad brush theoretical stuff here. The problem is that on Earth it's a lot harder and more expensive to maintain a vacuum plus there is a lot of existing and fully paid for infrastructure to compete with. If you are starting clean slate it's a different situation but we aren't. But on a newly colonized planet we could do things differently both technically and economically. Technologies that make sense on Earth often won't be practical on Mars and vice-versa. Hyperloop seems to be one of these. Thin atmosphere, lots of particulates, temperature issues, etc seem to actually favor hyperloop or something like it in such an environment. It makes a lot more sense than it does here anyway.
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