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Last week, Elon Musk dashed off 125 characters announcing a remarkably ambitious plan to ship Amtrak to an early grave. "Just received verbal govt approval for The Boring Company to build an underground NY-Phil-Balt-DC Hyperloop. NY-DC in 29 mins," he proclaimed in a tweet. Ricki Harris is Backchannel’s editorial fellow. Sign as much as get Backchannel's weekly newsletter. Yet something about this explicit moonshot seemed off. To start with, "verbal government approval," as politicos famous, doesn’t really exist. Receiving precise approval for a multibillion-greenback nationwide transportation system would require quite a couple of issues: a stamp of approval from the Department of Transportation, agreements from and between the native governments for all cities involved, a plan for navigating regulations, permits, and, last but not definitely not least, the money. We also needs to mention that-oh, yeah-Musk’s much-lauded hyperloop technology doesn’t actually exist but. But Musk’s declaration is simply the most recent too-good-to-be-true pledge from the tech world. In the industry of innovation, unfulfilled promises have a long history.
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