Tech entrepreneur Elon Musk said on Tuesday The Boring Company will compete to fund, build and operate a high-speed Loop connecting O’Hare Airport to downtown Chicago.
Musk, the chief executive of electric car maker Tesla Inc and rocket company SpaceX, recently started the Boring Company to build transport tunnels for the system, which he says would be far faster than current high-speed trains and use electromagnetic propulsion. […]
Musk is seeking to revolutionize transportation by sending passengers and cargo packed into pods through an intercity system of giant vacuum tubes known as the “hyperloop.”
When asked on Twitter to elaborate on his “high-speed loop” proposal that would link O’Hare Airport to downtown Chicago, Musk tweeted, “A Loop is like a Hyperloop, but without drawing a vacuum inside the tube.”