Musk pushed Hyperloop technology into the headlines back in mid-2013, when the inventor surprised everyone with a white paper on a system for high-speed transportation. He described the tunnels as an "underground Hyperloop", but didn't mention who exactly would be providing the tech, which is a key detail because the Boring Company hadn't shared any plans to build one (aside from a flashy concept video).
Musk suggested he didn't plan on building his own Hyperloop. "Musk also holds a trademark for "Hyperloop" through SpaceX, which could be used to prevent other companies from using the term, according to US public records".
Musk recently reported having "verbal approval" from the federal government for their first hyperloop project and he encouraged the public, especially on the east coast in cities on the NY to Washington DC route, to reach out to their local representative in support of the project. Elon Musk's motiviation for the Boring company comes from the bad traffic in LA.
Several companies obliged. Most recently, Hyperloop One demonstrated a public test of its interpretation in Nevada, with its prototype pod hitting 192 miles per hour on a 1,433 foot length of tube. "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".
Musk could have likely partnered with them, especially considering he knows Shervin Pishevar, the chairman of Hyperloop One, and he referred to the Boring Company as just "a side project" with "a few engineers and interns".
Almost two weeks after Musk's tweet about his hyperloop plans, Hyperloop One announced its successful second testing of its pod, which will transport passengers and cargo. The company was also said to be talking to Russian Federation about installing a hyperloop system there as well.More news: Kenya: Suspected al-Shabab attack on police station kills 1
Several companies are now exploring the market, including Northeast Maglev, Hyperloop One and Hyperloop Transportation Technologies.
What's interesting about Hyperloop One's July test is that its pod used 3,151 horsepower, compared to the 891 hp of the first test in May. More accurately, perhaps, he argued that he simply lacked the time to commercialize Hyperloop technology, given his existing focus on space travel and electric cars.
Hyperloop One early this year disclosed a list of locations around the world vying to put near-supersonic rail transit system to the test.
"We're glad that companies such as the Boring Co. and others are advancing the state of the art", he told Bloomberg. Dirk Ahlborn, CEO of HTT was favorable towards Musk, saying: "He's supporting the community".
They are going to be holding a new round of their pod competition at the test track later this month.
The Boring Company's spokesperson told us that it's still happy to play ball with competitors, though, if they play by Musk's rules.