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Elon Musk is an entrepreneur known for co-founding Tesla Motors, X.com—which later became PayPal—and SpaceX, the last of which launched a landmark commercial spacecraft on May 22, 2012.
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The vehicle was sent to the International Space Station with 1,000 pounds of supplies for the astronauts stationed there, and it is the first time a private company has sent a spacecraft to the International Space Station. Of the launch, Musk was quoted as saying, "I feel very lucky. . . . For us, it's like winning the Super Bowl."
Musk has continued his work in attempting to make his innovative ideas a reality. In August 2013, he released a concept for a new form of transportation called the "Hyperloop." The new invention is intended travel at speeds greater than 700 miles per hour to commute between major cities while severely cutting the time of travel. As opposed to using railroads, the Hyperloop would use tubes for transportation, creating travel options between Los Angeles and San Francisco—the original proposed location—that would take a shorter amount of time than a flight. Musk says that the Hyperloop could take from seven to 10 years to be built and ready for use.
Although he introduced the Hyperloop with claims that it will be safer than a plane or train, with an estimated cost of $6 billion—approximately one-tenth of the cost for the rail system that California has been planning to make—his concept has still drawn skepticism. California High-Speed Rail Authority Chairman Dan Richard has stated that he will show Musk "what it really takes to build a project in California" if the Hyperloop project begins to gain momentum.
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