Hyperloop technology will redefine the future of transport forever – and it’s not as far away as you may think
Back in 2013, Elon Musk first thought coined the term ‘Hyperloop’. Musk’s dream for the elusive fifth mode of transport is now closer than ever to becoming a reality. A Hyperloop is a sealed tube with low air pressure, which a pod travels through.
The Hyperloop technology will bridge the gap between rail and aviation transport networks – striving for sustainability without sacrificing speed or safety.
The Hyperloop carrier will move at the speed of an aircraft, with the capacity to move as many people as a 30-lane highway.
How does the Hyperloop work?
The Hyperloop is basically a huge tube, almost completely devoid of air. The lack of air allows high speeds with minimal energy consumption. Also, each pod uses magnetic levitation technology, with electromagnetic propulsion.
“This decade could end with hundreds of millions of people riding hyperloop. For people who think this technology is many years away, I rode on one. It’s right now,” said co-founder of Virgin Hyperloop, Josh Giegel.
Virgin Hyperloop is already rolling out the technology in many places around the world. Giegel says we can expect the technology to become available in America, India, Europe and the Middle East somewhere between 2025-27.
Could Hyperloop be the climate-friendly transport of the future?
The aviation industry is currently exempt from fuel taxation charges in the EU. However, the European Commission has found this exemption “is not coherent with the present climate challenges and policies”.
The minimum tax rate would come into effect in 2023, increasing gradually over a 10-year period. Reuters reports that the draft document didn’t specify the final tax rate.
“This decade could end with hundreds of millions of people riding hyperloop. For people who think this technology is many years away, I rode on one. It’s right now” says Giegel.
Natasha is an Associate Producer at ticker NEWS with a Bachelor of arts from Monash University. She has previously worked at Sky News Australia and Monash University as an Online Content Producer.
Analysts and investors are eagerly awaiting Elon Musk’s big reveal—a fully functional autonomous vehicle that could revolutionise ride-hailing.
Tesla’s stock has soared 52% since Musk first announced the event in April, reflecting high hopes for the launch of its much-anticipated robotaxi.
The vehicle, dubbed the “Cybercab,” is said to be a sleek, two-seater without a steering wheel or pedals—straight out of the future.
Tesla also teased a ride-hailing app that will summon these driverless cars to pick up riders at their chosen locations.
Not convincing
But not everyone is convinced—some analysts warn that while Musk’s vision is bold, the timeline for these innovations may not deliver immediate results.
Musk has a history of overpromising on autonomous tech, and this event might be more about grand ideas than tangible products.
Tesla first floated the robotaxi idea in 2016, with Musk hinting at a future where owners could lease their cars to others for extra income.
If the software keeps pace with Musk’s ambitions, the future of driverless Teslas might be closer than we think.
Market experts believe Amazon’s upcoming event will drive a surge in sales, benefiting Amazon’s stock and boosting consumer tech companies that sell through its platform.
Experts predict that a short-term rally in retail and tech stocks could be seen as revenue spikes.
Founder/CEO of Unearthing Opportunities, and Board Advisor to Power Hero, Bradley A Gastwirth joins to unpack the latest market moves. #featured #trending
AI has become a game-changer for marketers and retailers in Australia, with many consumers reacting positively to AI integration in the retail environment.
Retailers are using AI to optimise inventory, personalise shopping, and improve customer service through advanced chatbots.
Shoppers now enjoy personalised recommendations and seamless online shopping experiences.
Predictions suggest more personalised experiences and smarter shopping platforms within the next 12 months.
Will Wilson, RVP of Sales APJ at SAP Emarsys joins to share his insights into how AI is streamlining success on a large scale.