Elon Musk's Boring Co. wins bid to build Chicago high-speed airport train: report

Discussion in 'Market News' started by sniper-academy, Jun 14, 2018.

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  1. sniper-academy

    sniper-academy Administrator Staff Member

    Sep 30, 2011
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    Elon Musk's Boring Co. has won a bid to build a high-speed express train linking downtown Chicago to O'Hare International Airport, Bloomberg News reported Wednesday night. The multibillion-dollar bid is a major step in building the credibility of the Boring Co., which previously has been best known for its futuristic ideas and raising funds by selling caps and flamethrowers. Bloomberg said the city may announce the deal as soon as Thursday. Winning the bid means Chicago has exclusive negotiating right with the Boring Co. for one year. It's not known what technology would be used for the route, though in a November tweet Musk said: "Electric pods for sure. Rails maybe, maybe not." The Boring Co. is also seeking to fast-track a plan to build transportation tunnels beneath Los Angeles, and Musk has said he has verbal approval to build an underground hyperloop from New York to Washington.

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