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Inventor Elon Musk shares plans for high-speed travel

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Updated: 8/12/2013 6:41 pm

SAN JOSE, Calif. (AP & MyNews4.com) — Billionaire entrepreneur Elon Musk revealed design plans for a transportation system that's twice as fast as an airplane, cheaper than a bullet train and completely self-powered.

Musk has been dropping hints about his "Hyperloop" system for more than a year and says it would move people from Los Angeles to San Francisco in half an hour.

It may sound far-fetched. But Musk has earned his reputation as an inventor, co-founding online payment firm PayPal, electric luxury carmaker Tesla Motors and rocket-building company SpaceX.

Musk said last week that he would fulfill his commitment to publishing a Hyperloop design, but he's too focused on other projects to actually build it.

He says the design will be open source, meaning anyone can use it and improve it.

 For more information, visit http://www.spacex.com/hyperloop

©2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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