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Inventor Elon Musk shares plans for high-speed travel

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Updated: 8/12/2013 6:41 pm

SAN JOSE, Calif. (AP & — Billionaire entrepreneur Elon Musk revealed design plans for a transportation system that's twice as fast as an airplane, cheaper than a bullet train and completely self-powered.

Musk has been dropping hints about his "Hyperloop" system for more than a year and says it would move people from Los Angeles to San Francisco in half an hour.

It may sound far-fetched. But Musk has earned his reputation as an inventor, co-founding online payment firm PayPal, electric luxury carmaker Tesla Motors and rocket-building company SpaceX.

Musk said last week that he would fulfill his commitment to publishing a Hyperloop design, but he's too focused on other projects to actually build it.

He says the design will be open source, meaning anyone can use it and improve it.

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