May 13, 2024 Last Updated 13:10 PM EDT
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Hyperloop

Nevada Waves $9.2 Million Sales Tax To Allure Hyperloop’s $121 Million Project

Hyperloop Technologies Inc. has been implementing an innovative idea of Tesla CEO Elon Musk through developing a new concept of transportation platform. The Los Angeles tech giant considers for spending $121 million to develop the full track at Apex Industrial Park. To allure the investment, Nevada state officials have waved $9.2 million sales tax applicable on the capital expenditure.

Elon Musk’s SpaceX Success May Remain A Dream, Argues Neil deGrasse Tyson

Neil deGrasse Tyson has termed Elon Musk’s SpaceX project as a delusion and argues in favor of his claim. The cost involved appears to be the first hurdle since such gigantic project can’t be implemented without public funds or government patronization. The level of risk and lack of commitments for returning profits are the two other major causes behind his argument.

Elon Musk's Hyperloop is now building a test track

Hyperloop Transportation Technologies (HTT) is reportedly set to begin construction of the first Hyperloop test track in a couple weeks. The $150 million track will be built in Quay Valley, United States.

Elon Musk's Hyperloop starts construction in 2016; Oerlikon Leybold and Aecom joined in

Elon Musk's vision of Hyperloop is finally shaping up as Oerlikon Leybold Vacuum and Aecom funded HTT to construct the high-speed capsule transportation in 2016.

The Hyperloop is the closest thing to teleporting and it might soon come to life

Deemed a rather outlandish concept when it was proposed in 2013, the Hyperloop has continued to thrive, propelled by two giant companies that have slowly but steadily acquired investors and are now preparing for possible groundbreaking next year.

Latest Stories

IRS Issues Larger Tax Refunds With 2.2% Increase: Here Are Smart Spending Tips to Use Your Additional $75

According to the most current IRS data, the typical taxpayer receives a $2,852 refund, which is $75 higher than the previous year. So, what should you do with that cash?

McDonald’s Considering a Dollar Menu Revival with $5 Meal Deal

McDonald's is considering introducing a $5 meal to its menu nationwide to lure patrons back into its locations.

TikTok’s 6-to-1 Shopping Strategy Will Help Shoppers Reduce Anxiety and Save Money

Shopping trips to the grocery store may be emotionally taxing, particularly if you're attempting to buy nutrient-dense foods while simultaneously trying to keep the cost of food down.

Feds Say Credit Card Fees May Outweigh Perks

Biden administration officials are questioning credit card loyalty programs that influence millions of people's purchasing decisions.

5-Year Payoff: New Study Examines College Return on Investment

Whether a college degree is worth the cost is one of the main concerns that families have these days, especially in light of escalating tuition and fees that may leave graduates with debts totaling tens of thousands of dollars from student loans.

Must Read

US Urban Centers Are Seeing the Worst Rent Spikes at 30%

Since the pandemic started, average American wages have increased, but for many, these gains are being eaten up by growing rent.

'The Fall Guy' Bombs Despite Star Power and $2.4 Billion Frenzy

Despite a strong start, "The Fall Guy's" box office issues reveal a grim reality after a $2.4 billion sensation. Although the action comedy received positive reviews, the film has had trouble making money.

Cost of Raising a Child Up to 18 Years Old May Reach $331,933

While many fundamental expenses, like food and clothing, are generally something you can plan for and manage as a parent, some things might be far more costly and unexpected.

Social Security, Medicare Get Reprieve: Benefits Secured for Another Decade

According to the annual Social Security and Medicare trustees report released on Monday, the go-broke dates for Social Security and Medicare have been pushed back due to altered expected depletion dates brought about by a stronger economy.

Trump’s 2017 Tax Package Will Expire Soon Resulting to Increase of Future IRS Payments

The almost $4 trillion in tax cuts that are about to expire provide an enormous problem for the victor of November's presidential election; the Biden White House is bringing this topic up in the lead-up to November.

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