Musk to launch China tunneling company unit this month

Elon Musk plans to bring his tunneling unit for the famed ‘Hyperloop’ system to China. (Reuters)
Updated 03 August 2019

Musk to launch China tunneling company unit this month

  • Elon Musk formed the Boring Company to build underground transport tunnels for hyperloop transportation systems

BENGALURU: Elon Musk will soon launch a China unit for his underground tunneling enterprise, The Boring Company, the billionaire entrepreneur said on Twitter.

One of Musk’s followers tweeted that Tesla Inc’s chief executive officer would attend the World Artificial Intelligence Conference of 2019 in Shanghai later this month.

Musk replied on the social media platform that he “will also be launching The Boring Company China on this trip.”

Musk started the Boring Company to build underground transport tunnels for hyperloop transportation systems, which he said would be far faster than current high-speed trains and use electromagnetic propulsion. 

It has also emerged that Musk plans to expand his SpaceX facilities in Florida to make room for the space company’s forthcoming super heavy-lift launch vehicle dubbed Starship, according to a draft of the plans seen by Reuters on Friday.

Starship, a 384-foot (117-meter) reusable two-stage rocket taller than the Statue of Liberty, is a central piece of Musk’s interplanetary space travel ambitions as well as US space agency NASA’s goal to send humans to the moon again by 2024.

The Starship rocket is expected to launch up to 24 times a year from SpaceX’s current flagship launchpad 39A, the draft of the company’s environmental assessment said. SpaceX did not specify in the report when it would reach that cadence, but Musk said in September 2018 he wanted to be conducting orbital flights with Starship in two to three years.

SpaceX’s launchpad 39A would support NASA’s future moon missions from the same Kennedy Space Center site used for the Apollo lunar missions a half century ago.

“They’re moving very fast,” said Dale Ketcham, vice president of government relations at Space Florida, the state’s commercial space development agency. “This is actually getting closer to what Elon got into this business for to begin with. This is fundamental infrastructure to get to Mars, the early stages of it.”


India to invest $1.46 trillion to lift virus-hit economy

Updated 15 August 2020

India to invest $1.46 trillion to lift virus-hit economy

  • Modi announced a national digital heath plan under which every Indian will get an identity card containing all health-related information
  • Modi said the government has identified 7,000 infrastructure projects to offset the economic impact of the pandemic
NEW DELHI: India’s prime minister said Saturday his country has done well in containing the coronavirus pandemic and announced $1.46 trillion infrastructure projects to boost the sagging economy.
The key lesson India learnt from the pandemic is to become self-reliant in manufacturing and developing itself as a key supply chain destination for international companies, Prime Minister Narendra Modi said.
“The coronavirus epidemic is a big crisis, but it can’t stall India’s economic progress,’’ Modi said in a speech from New Delhi’s 17th century Mughal-era Red Fort to mark 74 years of the country’s independence from British rule. He wore an orange and white turban with a long scarf around his neck.
He also said that three vaccines are in different phases of testing in India and it will start mass production as soon as it got a green light from scientists. “Detailed plans are in place for large-scale production of corona vaccine and making it available to every Indian,” he said.
India’s coronavirus death toll overtook Britain’s this week to become the fourth-highest in the world as the country reported over 2.5 million confirmed cases, just behind the US and Brazil.
Modi also announced a national digital heath plan under which every Indian will get an identity card containing all health-related information.
The celebrations were curtailed on Saturday because of the pandemic, with invitations going only to 4,000 guests instead of normal 20,000, media reports said.
The International Monetary Fund projected a contraction of 4.5 percent for the Indian economy in 2020, a “historic low,” but said the country is expected to bounce back in 2021.
Modi said the government has identified 7,000 infrastructure projects to offset the economic impact of the pandemic.
“Infrastructure will not be created in silos anymore. All infrastructure has to be comprehensive, integrated and linked to each other. Multi-modal connectivity infrastructure is the way forward,” he said.
He said that India saw a record 18 percent jump in foreign direct investment in the past year, a signal that the international companies are looking at the country.
Modi didn’t refer to China directly, but India is trying to capitalize on its rival’s rising production costs and deteriorating ties with the United States and European nations to become a replacement home for large multinationals.
Referring to border tensions with China in the Ladakh area, he said Indian forces had given a befitting response in the mountainous region where thousands of soldiers from the two countries remain in a tense standoff since May. India said 20 of its troops died in hand combat with Chinese troops on June 15.
“Whether it’s terrorism or expansionism, India is fighting the challenges bravely,” Modi said in apparent references to threats from neighboring Pakistan and China.