Entrepreneur Elon Musk Touts Texas For Hyperloop Test Site
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AUSTIN (CBSDFW.COM/AP) — Entrepreneur Elon Musk says Texas is the leading contender for a five-mile-long test track for his conceptual Hyperloop project that involves shooting capsules full of people through elevated tubes at the speed of sound.
Musk told the annual Texas Transportation Forum in Austin on Thursday that he discussed the idea with associates the previous evening and envisions teams from universities or companies using the test track to develop designs for the project.
Musk, who co-founded online payment service PayPal, electric luxury carmaker Tesla Motors Inc. and the rocket-building company SpaceX, says he's seeking no state money as an incentive for launching his project in Texas but if someone wanted to contribute, he wouldn't turn them down.
His idea for the high-speed transit system was disclosed in 2013.
He already has a rocket plant near Waco and is constructing a rocket launch facility outside Brownsville.
Last year, Tesla Motors was in negotiations to possibly build an electric car battery factory in Texas, but the company later decided to build the $5 billion facility in Nevada.
(©2015 CBS Local Media, a division of CBS Radio Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)
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