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Last week, Elon Musk dashed off 125 characters announcing a remarkably formidable 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 up to get Backchannel's weekly newsletter. Yet something about this particular 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 number of things: a stamp of approval from the Department of Transportation, agreements from and between the native governments for all cities involved, a plan for navigating laws, permits, and, last but not certainly not least, the money. We also needs to mention that-oh, yeah-Musk’s much-lauded hyperloop know-how doesn’t actually exist but. But Musk’s declaration is just the newest too-good-to-be-true pledge from the tech world. Within the business of innovation, unfulfilled guarantees have an extended historical past.
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