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The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

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The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

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After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

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Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
LeadershipElon Musk

Elon Musk’s Hyperloop to Start Testing in Nevada

By
Benjamin Snyder
Benjamin Snyder
Managing Editor
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By
Benjamin Snyder
Benjamin Snyder
Managing Editor
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December 9, 2015, 11:39 AM ET
Tesla CEO Elon Musk speaks during an event to launch the new Tesla Model X Crossover SUV on September 29, 2015 in Fremont, California. After several production delays, Elon Mush officially launched the much anticipated Tesla Model X Crossover SUV. The
Tesla CEO Elon Musk speaks during an event to launch the new Tesla Model X Crossover SUV on September 29, 2015 in Fremont, California. After several production delays, Elon Mush officially launched the much anticipated Tesla Model X Crossover SUV. ThePhotograph by Justin Sullivan — Getty Images
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Hyperloop Technologies, the business attempting to bring Tesla (TSLA) CEO Elon Musk’s idea of lightspeed travel to the masses, announced Tuesday it will begin testing in the Nevada desert in 2016.

The company will have their Propulsion Open Air Test, as they’ve dubbed it, on about 50 acres of land in Apex Industrial Park in Nevada.

Testing is expected to kick off in the first quarter of 2016, according to a press release.

“This decision represents another major milestone in our journey to bring Hyperloop to commercial reality,” Hyperloop Technologies CEO Rob Lloyd said in statement. “Hyperloop Technologies will invest first in regions where we receive government advocacy to move fast.”

The company partnered with the Nevada Office of Economic Development and City of North Las Vegas to get approval to build on the land.

The goal is to have a functioning Hyperloop system that will travel at 540 km/hour in place by 2020.

About the Author
By Benjamin SnyderManaging Editor
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Benjamin Snyder is Fortune's managing editor, leading operations for the newsroom.

Prior to rejoining Fortune, he was a managing editor at Business Insider and has worked as an editor for Bloomberg, LinkedIn and CNBC, covering leadership stories, sports business, careers and business news. He started his career as a breaking news reporter at Fortune in 2014.

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