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Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

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Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'

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Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
Elon Musk

Elon Musk to build a test track for his Hyperloop dream

By
Verne Kopytoff
Verne Kopytoff
Senior Editor, Tech
Down Arrow Button Icon
By
Verne Kopytoff
Verne Kopytoff
Senior Editor, Tech
Down Arrow Button Icon
January 15, 2015, 4:34 PM ET
Hyperloop Travel
An image released by Tesla Motors, is a sketch of the Hyperloop capsule with passengers onboard.Sketch by Tesla Motors/AP

Elon Musk just brought his Hyperloop project one step closer to reality.

The Tesla Motors founder said Thursday he intends to build a testing facility for the ultra-fast transportation system. The five-mile track would most likely be in Texas, Musk said in a tweet.

Will be building a Hyperloop test track for companies and student teams to test out their pods. Most likely in Texas.

— Elon Musk (@elonmusk) January 15, 2015

Musk’s Hyperloop would involve strapping passengers into pods, or a train, and shooting them through a tube at warp-speed to their destination. In theory, a 500-mile trip between San Francisco and Los Angeles would take less than an hour.

Musk, whose projects include luxury electric car company Tesla (TSLA), the private space flight company Space X, and solar power installer SolarCity (SCTY), first laid out his audacious vision for a Hyperloop 18 months ago. Since then, he’s remained mostly silent about the topic while focusing on his day jobs.

But on Thursday Musk addressed the topic once again on stage at the Texas Transportation Forum, and then in a series of tweets. He said in a tweet that his Hyperloop track would be open to other companies and students “to test out their pods.” He also mused about holding an annual student “pod racer” competition. Musk did not mention whether his track would merely serve as an open test-bed, or whether he would also try out his own ideas there.

Will be building a Hyperloop test track for companies and student teams to test out their pods. Most likely in Texas.

— Elon Musk (@elonmusk) January 15, 2015

In addition to discussing the Hyperloop project, Musk said he had donated $10 million to the Future of Life Institute, to ensure that artificial intelligence is “beneficial to humanity.” His concern is that robots could one day be smart and independent enough to rise up against humans, like in the plot of a pulp science fiction novel.

“It is best to prepare for, to try to prevent a negative circumstance from occurring, than to wait for it to occur and then be reactive,” Musk said in a video posted on the institute’s website.

Watch more of the latest news from Tesla by Fortune’s video team:

About the Author
By Verne KopytoffSenior Editor, Tech
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Verne Kopytoff is a senior editor at Fortune overseeing trends in the tech industry. 

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