

News
South Korea strikes deal to get its own 200-mile Hyperloop
Hyperloop Transportation Technologies (HTT) has forged a deal to make a near-supersonic train in South Korea.
The train would go from Seoul to Busan, a roughly 200 mile expedition. South Korean officials have previously stated that their goal is to have a Hyperloop that goes about 620 mph, making the 200 mile journey between the cities last for about 20 minutes.
[Photo credit: Hyperloop Transportation Technologies]
To put it in an American perspective, the Hyperloop being discussed in South Korea could take someone from Los Angeles to San Francisco — an over 380 mile journey — in roughly half an hour, which would knock more than 5 hours off the current commute time.
Hyperloop uses magnetic levitation in low-pressure tubes to transport people and goods at bullet-like speeds. Elon Musk first floated the Hyperloop idea in 2013, although he has no stake in HTT or its primary competitor, Hyperloop One.
HTT made the deal with South Korea’s department of technological innovation and infrastructure, along with the Korea Institute of Civil Engineering and Building (KICT) and Hanyang University. It will include licensing and research development of the tube infrastructure and safety platform, a full-scale test track, and access to HTT’s levitation, propulsion, and battery technology as well as passenger experience designs, according to CNBC.
In terms of the finances and timeline, CEO Dirk Ahlborn doesn’t seem too rushed to throw down any numbers.
“We haven’t defined the specifics yet. We are in the process of knowledge sharing. We had first talks about the different areas of co-development. It’s not set in stone yet,” Ahlborn told CNBC in a phone interview.
Whether it be above-ground transportation like Hyperloop or underground tubes like Musk’s Boring Co., this all seems to indicate that tubular transportation is the wave of the future.
“Tube travel changes the way people live and move, it has the opportunity to unite people,” said Tai Sik Lee, KICT President, according to New Atlas. “The Republic of Korea continues its tradition of technological advancement and innovation by bringing this technology to life, the government has allocated the necessary resources, we finalized our preliminary research and now are getting ready to implement.”
News
These Tesla, X, and xAI engineers were just poached by OpenAI
The news is the latest in an ongoing feud between Elon Musk and the Sam Altman-run firm OpenAI.

OpenAI, the xAI competitor for which Elon Musk previously served as a boardmember and helped to co-found, has reportedly poached high-level engineers from Tesla, along with others from xAI, X, and still others.
On Tuesday, Wired reported that OpenAI hired four high-level engineers from Tesla, xAI, and X, as seen in an internal Slack message sent by co-founder Greg Brockman. The engineers include Tesla Vice President of Software Engineering David Lau, X and xAI’s head of infrastructure engineering Uday Ruddarraju, and fellow xAI infrastructure engineer Mike Dalton. The hiring spree also included Angela Fan, an AI researcher from Meta.
“We’re excited to welcome these new members to our scaling team,” said Hannah Wong, an OpenAI spokesperson. “Our approach is to continue building and bringing together world-class infrastructure, research, and product teams to accelerate our mission and deliver the benefits of AI to hundreds of millions of people.”
Lau has been in his position as Tesla’s VP of Software Engineering since 2017, after previously working for the company’s firmware, platforms, and system integration divisions.
“It has become incredibly clear to me that accelerating progress towards safe, well-aligned artificial general intelligence is the most rewarding mission I could imagine for the next chapter of my career,” Lau said in a statement to Wired.
🚨Optimistic projections point to xAI possibly attaining profitability by 2027, according to Bloomberg's sources.
If accurate, this would be quite a feat for xAI. OpenAI, its biggest rival, is still looking at 2029 as the year it could become cash flow positive.💰 https://t.co/pE5Z9daez8
— TESLARATI (@Teslarati) June 18, 2025
READ MORE ON OPENAI: Elon Musk’s OpenAI lawsuit clears hurdle as trial looms
At xAI, Ruddarraju and Dalton both played a large role in developing the Colossus supercomputer, which is comprised of over 200,000 GPUs. One of the major ongoing projects at OpenAI is the company’s Stargate program,
“Infrastructure is where research meets reality, and OpenAI has already demonstrated this successfully,” Ruddarraju told Wired in another statement. “Stargate, in particular, is an infrastructure moonshot that perfectly matches the ambitious, systems-level challenges I love taking on.”
Elon Musk is currently in the process of suing OpenAI for shifting toward a for-profit model, as well as for accepting an investment of billions of dollars from Microsoft. OpenAI retaliated with a counterlawsuit, in which it alleges that Musk is interfering with the company’s business and engaging in unfair competition practices.
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News
SpaceX share sale expected to back $400 billion valuation
The new SpaceX valuation would represent yet another record-high as far as privately-held companies in the U.S. go.

A new report this week suggests that Elon Musk-led rocket company SpaceX is considering an insider share sale that would value the company at $400 billion.
SpaceX is set to launch a primary fundraising round and sell a small number of new shares to investors, according to the report from Bloomberg, which cited people familiar with the matter who asked to remain anonymous due to the information not yet being public. Additionally, the company would sell shares from employees and early investors in a follow-up round, while the primary round would determine the price for the secondary round.
The valuation would represent the largest in history from a privately-owned company in the U.S., surpassing SpaceX’s previous record of $350 billion after a share buyback in December. Rivaling company valuations include ByteDance, the parent company of TikTok, as well as OpenAI.
Bloomberg went on to say that a SpaceX representative didn’t respond to a request for comment at the time of publishing. The publication also notes that the details of such a deal could still change, especially depending on interest from the insider sellers and share buyers.
Axiom’s Ax-4 astronauts arriving to the ISS! https://t.co/WQtTODaYfj
— TESLARATI (@Teslarati) June 26, 2025
READ MORE ON SPACEX: SpaceX to decommission Dragon spacecraft in response to Pres. Trump war of words with Elon Musk
SpaceX’s valuation comes from a few different key factors, especially including the continued expansion of the company’s Starlink satellite internet company. According to the report, Starlink accounts for over half of the company’s yearly revenue. Meanwhile, the company produced its 10 millionth Starlink kit last month.
The company also continues to develop its Starship reusable rocket program, despite the company experiencing an explosion of the rocket on the test stand in Texas last month.
The company has also launched payloads for a number of companies and government contracts. In recent weeks, SpaceX launched Axiom’s Ax-4 mission, sending four astronauts to the International Space Station (ISS) for a 14-day stay to work on around 60 scientific experiments. The mission was launched using the SpaceX Falcon 9 rocket and a new Crew Dragon capsule, while the research is expected to span a range of fields including biology, material and physical sciences, and demonstrations of specialized technology.
News
Tesla Giga Texas continues to pile up with Cybercab castings
Tesla sure is gathering a lot of Cybercab components around the Giga Texas complex.

Tesla may be extremely tight-lipped about the new affordable models that it was expected to start producing in the first half of the year, but the company sure is gathering a lot of Cybercab castings around the Giga Texas complex. This is, at least, as per recent images taken of the facility.
Cybercab castings galore
As per longtime drone operator Joe Tegtmeyer, who has been chronicling the developments around the Giga Texas complex for several years now, the electric vehicle maker seems to be gathering hundreds of Cybercab castings around the factory.
Based on observations from industry watchers, the drone operator appears to have captured images of about 180 front and 180 rear Cybercab castings in his recent photos.
Considering the number of castings that were spotted around Giga Texas, it would appear that Tesla may indeed be preparing for the vehicle’s start of trial production sometime later this year. Interestingly enough, large numbers of Cybercab castings have been spotted around the Giga Texas complex in the past few months.
Cybercab production
The Cybercab is expected to be Tesla’s first vehicle that will adopt the company’s “unboxed” process. As per Tesla’s previous update letters, volume production of the Cybercab should start in 2026. So far, prototypes of the Cybercab have been spotted testing around Giga Texas, and expectations are high that the vehicle’s initial trial production should start this year.
With the start of Tesla’s dedicated Robotaxi service around Austin, it might only be a matter of time before the Cybercab starts being tested on public roads as well. When this happens, it would be very difficult to deny the fact that Tesla really does have a safe, working autonomous driving system, and it has the perfect vehicle for it, too.
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