Buzz Surrounding the Hyperloop
Earlier this month Elon Musk created buzz around the nation by releasing details to his newest idea: The Hyperloop, a new high-speed mode of transportation. This is his response to California’s $70 billion proposal to build a high-speed rail system, which Musk sees as expensive and inefficient.
The Hyperloop, as proposed, will be about one-tenth the cost of the train proposal, travel at 760 MPH, and will produce its own energy to operate.
Musk has been looking into the idea of the Hyperloop since the announcement of the California Rail System. Recently, he came across a major “breakthrough” in the Hyperloop’s development but admitted that it needs to be tested and developed further.
Musk has only released what he calls a “sketch of an idea” but that he has “no time to pursue it” and that “others are welcome to build on it.” He is opening the door for anyone from the public to build upon and run with the start he has presented for the Hyperloop.
Musk has made career of revolutionizing the transportation industry as the founder and CEO of Tesla Motors and SpaceX. He goes after ideas he deems inefficient with his goal being to begin making changes to the world as we know it. Bruce Leak, a Silicon Valley entrepreneur, said of Musk, “The companies he’s started are executing against a vision measured not in years but in decades.” Musk isn’t looking to make a quick buck, although he may be doing that, he is looking to affect the future.
What Could Happen with the Hyperloop
There have not been such viable options for breaking away from the four main modes of transportation of the automobile, train, plane, and boat since the inception of these modes of transportation. While some scrutinize the idea of the Hyperloop and deem it not viable, Musk has opened eyes of many to other options outside the status quo.
For the entrepreneur that chases down and runs with the Hyperloop idea there is great potential for high returns and monetary gains. But the benefit to the entrepreneur will not only be measured monetarily. It will be measured by the change generated and the many ideas that will spring from it. This is an opportunity to be seen as a modern Rockefeller or Carnegie; to be a part of a clean, different kind of industrial revolution.
The Hyperloop idea may take off or it may not. If it does, it could be a dramatic change in how we travel. If it doesn’t, at least it has caused excitement to look towards newer, better modes of transportation. This is what Musk is trying to accomplish. He may not want to do the Hyperloop himself but he does want to expand the thinking of those around him. Running with and succeeding with the Hyperloop will open the doors, that remain closed for the time being, to a new way of viewing how we operate and think in our current world.
What can we learn from the Hyperloop? It is still okay to have an imagination and chase down what may seem to be impossible. And who is better to break these barriers than the world’s rising entrepreneurs?