The last century has seen cars that spawned the birth of industrial society, trains that sprawled across the country and connected the coasts, and planes that could traverse hemispheres in a matter of hours. This rapid development and deep-seated desire to be faster and safer has engendered a transportation arms race, and we're the main beneficiaries. The Hyperloop combines the best of both worlds and offers jet-like speeds for the cost of a bus-fare. It looks like 2017 will see some major developments for the storied technology.
Air travelers in Denver are treated to a solar-powered, covered parking lot, mini-golf, a nearby wildlife refuge and two on-campus commuter rail lines. In Dallas-Fort Worth, local authorities recently approved plans for a six-story, extended-stay hotel on an existing 32-acre, mixed-use commercial space that already has offices, restaurants and retail shops. In Pittsburgh, private businesses have invested several hundred million dollars for manufacturing, industrial, office and warehouse space on airport property – and aggressive efforts to bring more direct flights to Pittsburgh International Airport are attracting new types of business to this former steel town.
Hyperloop One conducts the first public test of a prototype propulsion system which could eventually transport people through tubes at the speed of sound. Held in Nevada on Wednesday, the custom-built sled accelerates to 116mph in 1.1 seconds. The idea for Hyperloop was first proposed by tech billionaire Elon Musk, but dropped in 2013.
The folks at Hyperloop One are one group trying to make Elon Musk's seemingly crazy idea of a levitating pod transportation system a reality. That task hasn't been without its fair share of issues, including infighting and employee lawsuits. Well, Bloomberg takes a look at the company's inner workings to provide some context for the recent headlines.