Hyperloop is coming ‘within a decade,’ says CEO (VIDEO)

Tesla Motors CEO and SpaceX founder Elon Musk’s idea for the Hyperloop is one that sounded a bit like fantasy to some.

But it appears that there’s progress being made on the potentially game-changing transit system: The developers estimate an up-and-running Hyperloop in just 10 years.

Of course, there’s still plenty of work to do. On Friday, the brains behind bringing Hyperloop to reality released a 76-page white paper outlining progress on the land travel system, which transports people in pods that move as fast as 800 mph. Since then, it’s not so much in Musk’s hands as it is Dirk Ahlborn’s. He’s the CEO and cofounder of JumpStartFund, the startup overseeing Hyperloop with Musk’s approval.

 

 

The paper includes new renderings, showing pods (pictured above) with a improved geometry and design. The front end is circular for better aerodynamics. And people now sit in capsules that are then loaded into outer shells. There will be tickets for the rich and the poor, too, of course, with freight, economy and business classes.

Originally, Hyperloop was slated to travel between Los Angeles and San Francisco. Ahlborn said that he believes the LA-San Francisco route could be built for $7 billion, up to $16 billion. The plan is expanding, too. But the ultimate goal is to create a vast network for Hyperloop, so that travelers could go from Houston to Phoenix, New York to Salt Lake City — all faster than air travel.

That seems a bit daydream-ish for now — $7 billion for a California travel system might seem inexpensive to JumpStartFund, but to others, not so much. Imagine the price estimate for a national network.

 

 

“When I talk to people they look at me and say, ‘Oh, you’re building a spaceship,’ ” Ahlborn toldMashable. “The technical issues are not the problem. … That is something we’ve already defined. We’ve found solutions to all of the problems. There are technologies out there.”

The problem, Ahlborn said, is convincing the naysayers that this is something that can come true. People would need to use it — every single day — for it to be a viable transportation. As for funding, Ahlborn said that he’s been approached by several “rich individuals” and other investment opportunities. And the idea of crowdfunding has been tossed around.

The whole point of this update is to get feedback from the public that would be interested in commuting with Hyperloop. The developers invite feedback via their website from everyone. That includes potential employees and investors, as well as the “mom with a toddler,” Ahlborn said.

Source mashable.com