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LA to Vegas in half an hour: the future of transport has arrived

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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 development of Hyperloop technology comes amid renewed discussions about the sustainability of air travel. Europe recently proposed a fuel tax on the aviation industry to push green energy.

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.

Business

Amazon halts hiring on all corporate roles

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E-commerce giant is the latest of many to close all corporate job openings due to economic concern

Amazon is pressing pause on corporate hiring for the rest of the year, as economic concerns continue to grow.

The tech giant has instructed all recruiters to close all current corporate job openings… worldwide.

This means more that ten thousand openings will be closed as of Monday evening.

The job postings that will affected include technology positions, in store and online retail businesses, and logistics operations.

However, Amazon spokesman, Brad Glasser, says the company will still continue to have a significant number of other roles open.

He says, “we have many different businesses at various stages of evolution, and we expect to keep adjusting our hiring strategies in each of these businesses at various junctures.”

The freeze sees Amazon joining Meta, Apple, and Google, who have also announced a reduction or temporary pause on hiring.

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Business

What is Elon Musk’s “everything app”?

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elon musk twitter

Elon Musk’s Twitter deal is back on, and he says it’s the key to creating his much-anticipated ‘everything app’.

The billionaire entrepreneur had been in talks to take the social media platform private, but the deal fell through. However, after news of its reinstatement, Mr Musk said that buying Twitter is an essential part of his plans for X.

The idea behind X is a sort of super app, combining messaging, social media, payments-and lack of reliance on ad revenue, similar to the Chinese WeChat. That already has more than one billion users, but so far no equivalent exists in the West.

With Twitter under his belt, Musk believes he can make X a reality much sooner than originally planned. “It’s brought forward our X project by three to five years, but I could be wrong,” he said.

There are no further details on the X project at this time, but with Musk’s track record of visionary innovation, it’s sure to be something we’re all talking about in the near future.

Why does Elon Musk want to buy Twitter?

Elon Musk is known for his ambitious plans and big ideas, so it’s no surprise that he sees Twitter as a key piece of the puzzle for his next project, X.

The details of the deal have not been made public, but it is thought that Musk is paying a premium for Twitter.

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Business

Elon Musk’s stunning u-turn on Twitter deal

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Billionaire and Tesla CEO Elon Musk has agreed to proceed with his 44 billion dollar takeover of Twitter

In a letter to the social media giant, Musk says he will pay the price he agreed to months ago before he tried to backflip on the deal.

This announcement comes just weeks before the two parties were due to appear in court, with Twitter execs furious over Musk’s attempt to walk away.

Musk says he intends to move ahead with the deal and, pending financing, has requested the legal fight is brought to a halt.

Twitter shares have shot through the roof off the back of this news, soaring 22 per cent before trading was paused.

In April, Musk agreed to buy the social media giant for $54.20 a share, which brings the total price to roughly 44 billion.

Taking to Twitter at the time to announce his intentions, he said he wanted to clean up the platform and champion free speech.

But of course just a few weeks later, he bailed, leaving Twitter in the lurch.

Musk claimed the network had a whole lot more fake accounts than execs were leading on… hence his decision to back away.

Twitter staunchly denied these claims and commenced legal proceedings.

But here we are back at square one and for now at least, it seems like the deal is going to happen.

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