BREAKING
Eli Lilly and Company (LLY) to acquire Orna Therapeutics 2 hours ago Earnings Summary: Becton, Dickinson and Company Q1 FY26 adjusted earnings decline 15% 3 hours ago Earnings Summary: Highlights of Apollo Global Management’s (APO) Q4 FY25 report 3 hours ago Earnings Summary: Loews Corporation reports sharp increase in Q4 FY25 profit 4 hours ago Plains All American weakens as NGL divestiture and cost cuts frame muted 2026 growth 6 hours ago Plains All American Streamlines, Targets Crude Growth Amid NGL Exit 6 hours ago Operational Efficiency Powers MGY to Historic Production and Dividend Lift 7 hours ago Johnson Outdoors Hooks 31% Revenue Gain, Operating Loss Narrows 7 hours ago Innovation and E-Commerce at the Core of Johnson Outdoors’ 2026 Roadmap 7 hours ago Encompass Health Corporation reports Q4 2025 results, issues 2026 guidance 3 days ago Eli Lilly and Company (LLY) to acquire Orna Therapeutics 2 hours ago Earnings Summary: Becton, Dickinson and Company Q1 FY26 adjusted earnings decline 15% 3 hours ago Earnings Summary: Highlights of Apollo Global Management’s (APO) Q4 FY25 report 3 hours ago Earnings Summary: Loews Corporation reports sharp increase in Q4 FY25 profit 4 hours ago Plains All American weakens as NGL divestiture and cost cuts frame muted 2026 growth 6 hours ago Plains All American Streamlines, Targets Crude Growth Amid NGL Exit 6 hours ago Operational Efficiency Powers MGY to Historic Production and Dividend Lift 7 hours ago Johnson Outdoors Hooks 31% Revenue Gain, Operating Loss Narrows 7 hours ago Innovation and E-Commerce at the Core of Johnson Outdoors’ 2026 Roadmap 7 hours ago Encompass Health Corporation reports Q4 2025 results, issues 2026 guidance 3 days ago
ADVERTISEMENT
Market News

Elon Musk’s not-so-Boring plans

The Boring Company is an infrastructure initiative owned by Elon Musk. Despite its unusual name, the company has some very dynamic plans. One of these elaborate plots (there is always drama where Musk is) involve building an underground hyperloop between New York and Washington DC. The Department of Transportation in Washington, D.C., has given preliminary […]

February 20, 2018 2 min read

The Boring Company is an infrastructure initiative owned by Elon Musk. Despite its unusual name, the company has some very dynamic plans. One of these elaborate plots (there is always drama where Musk is) involve building an underground hyperloop between New York and Washington DC.

The Department of Transportation in Washington, D.C., has given preliminary permission to start digging at an abandoned lot in the northeast part of the city.

A Hyperloop is a mode of transportation that uses pods to carry passengers and cars in a tube with a partial vacuum at speeds of around 800 miles per hour, reducing travel time to a fraction of current levels. The stations in a hyperloop system are smaller in size and very different from the regular train terminals.

Courtesy: The Boring Company

The proposed project by Musk to build an underground hyperloop between New York City and Washington DC is said to have received government approvals. The Department of Transportation, Washington DC, has given preliminary permission to start digging at an abandoned lot in the northeast part of the city.

The Boring Company is collaborating with an unnamed organization, presumed to be Hyperloop One, to build the Hyperloop between NYC and Washington DC. The line, which will have stops at Philadelphia and Baltimore, is expected to reduce travel time to around 30 mins.

Further details of construction plans are unclear, and the project is still in the stage of infancy. Needless to say, this would be a colossal leap in the area of transportation.

ADVERTISEMENT

This project is not the only one of its kind. The Boring Company has already started work on a test tunnel beneath the headquarters of Musk’s SpaceX company in California. The company is also seeking approval for a 6.5-mile tunnel underneath Los Angeles to be used for testing all the systems, processes and equipment involved in building these tunnels.

 

 

ADVERTISEMENT