Elon Musk to Build High Speed Connection Between Chicago and ORD
Elon Musk had a big victory today despite the recent news of layoffs at Tesla. Musk's Boring Company won its bid to build a new high-speed connection between O'Hare International Airport (ORD) and downtown Chicago. The Chicago City Council approved an $8.5 billion plan to expand O'Hare in March.
The Boring Company had been in talks with Chicago since last summer and beat out competitors that had worked on London's Heathrow (LHR) terminal. The contract's valued at $1 billion dollars and helps validate Musk's company, which started less than two years ago.
O'Hare, the country's third busiest airport, is currently served by Chicago's L train, cars and buses. Right now, the ride takes 43 minutes via the city's Blue Line or about 30 minutes via car (without traffic) according to Google Maps estimates. Once completed, the new transportation system will take about 12 minutes for a one-way trip between downtown and the airport.
The system will use Loop cars to ferry passengers from O'Hare to Block 37, a mothballed train station in downtown Chicago that was built under the city's previous mayor, Richard M. Daley, who had plans of his own for a high-speed rail to the airport. However, this won't be Musk's Hyperloop that shoots pods at 600mph through pressured tubes but a more simple electric system with Loop cars that have wheels. The cars could travel up to 150mph on straightaways but would slow down through the tunnel's curves.
The Verge received a more detailed description from Chicago Mayor Rahm Emanuel's office of how the system would operate:
Each vehicle will carry up to 16 passengers, plus their luggage, and will depart from O'Hare and from Block 37 as frequently as every 30 seconds. The Boring Company plans to charge fares below the [request for proposals] requirement that this premium service should cost less than current taxi and ride-share services. The company plans to utilize the unfinished underground transit station at Block 37 and create a new station at O'Hare. The planned route travels straight northwest from downtown following public way alignments. The specific alignment will be finalized during contract negotiation.

The project will be entirely self-funded by The Boring Company, meaning Chicago itself doesn't have to put up any cash. Once the system is complete, it will be privately run and earn revenue through fares and advertising. The Chicago Tribune reports that a one-way ride will cost between $20 and $25. It currently costs $5 to take the L train from O'Hare to Chicago.
Musk is betting on his company's ability to build tunnels faster than ever before. If they can do that, then the project could be economically viable. Although the route hasn't been finalized yet, the company plans on building all tunnels underground and won't need to use "eminent domain to seize land or the rights to any land underground," the Tribune reports. There's currently no timeline for completion and the Boring Company will have to conduct a series of engineering studies before construction can begin.
Musk's currently building a 2-mile tunnel beneath his SpaceX headquarters in California and is in talks to dig a 6.5-mile tunnel underneath Los Angeles. The company has also received a preliminary permit to start building a tunnel underneath Washington D.C.
TPG featured card
Rewards
| 2X miles | 2 miles per dollar on every purchase |
| 5X miles | 5 miles per dollar on flights and vacation rentals booked through Capital One Business Travel |
| 10X miles | 10 miles per dollar on hotels and rental cars booked through Capital One Business Travel |
Intro offer
Annual Fee
Recommended Credit
Why We Chose It
The Capital One Venture X Business Card has all the Capital One Venture X Rewards Credit Card has to offer and more. It offers an incredible welcome bonus and requires an equally impressive spend to qualify. In addition, the card comes with premium travel perks like annual travel credit. (Partner offer)Pros
- The Capital One Venture X business card has a very lucrative welcome offer.
- In addition, the card comes with many premium travel perks such as an annual $300 credit for bookings through Capital One Business Travel.
- Business owners are also able to add employee cards for free.
Cons
- The card requires significant spending to earn the welcome offer.
- Another drawback is that the annual travel credit can only be used on bookings made through Capital One Business Travel.
- LIMITED-TIME OFFER: Earn up to 400K bonus miles: 200K miles when you spend $30K in the first 3 months, and an additional 200k miles when you spend $150k in the first 6 months
- Earn unlimited 2X miles on every purchase, everywhere—with no limits or category restrictions
- Earn 10X miles on hotels and rental cars and 5X miles on flights and vacation rentals booked through Capital One Business Travel
- With no preset spending limit, enjoy big purchasing power that adapts so you can spend more and earn more rewards
- Empower your teams to make business purchases while earning rewards on their transactions, with free employee and virtual cards. Plus, automatically sync your transaction data with your accounting software and pay your vendors with ease
- Redeem your miles on flights, hotels and more. Plus, transfer your miles to any of the 15+ travel loyalty programs
- Every year, you'll get 10,000 bonus miles after your account anniversary date. Plus, receive an annual $300 credit for bookings made through Capital One Business Travel
- Receive up to a $120 credit for Global Entry or TSA PreCheck®. Enjoy access to 1,300+ airport lounges worldwide, including Capital One Lounge locations and Priority Pass™ lounges, after enrollment
- Enjoy a $100 experience credit and other premium benefits with every hotel and vacation rental booked from the Premier Collection
- This is a pay-in-full card, so your balance is due in full every month
Rewards Rate
| 2X miles | 2 miles per dollar on every purchase |
| 5X miles | 5 miles per dollar on flights and vacation rentals booked through Capital One Business Travel |
| 10X miles | 10 miles per dollar on hotels and rental cars booked through Capital One Business Travel |
Intro Offer
Earn 200K miles when you spend $30K in the first 3 months, and an additional 200K miles when you spend $150K in the first 6 monthsLIMITED-TIME OFFER: Earn up to 400K bonus milesAnnual Fee
$395Recommended Credit
Credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.740-850Excellent
Why We Chose It
The Capital One Venture X Business Card has all the Capital One Venture X Rewards Credit Card has to offer and more. It offers an incredible welcome bonus and requires an equally impressive spend to qualify. In addition, the card comes with premium travel perks like annual travel credit. (Partner offer)Pros
- The Capital One Venture X business card has a very lucrative welcome offer.
- In addition, the card comes with many premium travel perks such as an annual $300 credit for bookings through Capital One Business Travel.
- Business owners are also able to add employee cards for free.
Cons
- The card requires significant spending to earn the welcome offer.
- Another drawback is that the annual travel credit can only be used on bookings made through Capital One Business Travel.
- LIMITED-TIME OFFER: Earn up to 400K bonus miles: 200K miles when you spend $30K in the first 3 months, and an additional 200k miles when you spend $150k in the first 6 months
- Earn unlimited 2X miles on every purchase, everywhere—with no limits or category restrictions
- Earn 10X miles on hotels and rental cars and 5X miles on flights and vacation rentals booked through Capital One Business Travel
- With no preset spending limit, enjoy big purchasing power that adapts so you can spend more and earn more rewards
- Empower your teams to make business purchases while earning rewards on their transactions, with free employee and virtual cards. Plus, automatically sync your transaction data with your accounting software and pay your vendors with ease
- Redeem your miles on flights, hotels and more. Plus, transfer your miles to any of the 15+ travel loyalty programs
- Every year, you'll get 10,000 bonus miles after your account anniversary date. Plus, receive an annual $300 credit for bookings made through Capital One Business Travel
- Receive up to a $120 credit for Global Entry or TSA PreCheck®. Enjoy access to 1,300+ airport lounges worldwide, including Capital One Lounge locations and Priority Pass™ lounges, after enrollment
- Enjoy a $100 experience credit and other premium benefits with every hotel and vacation rental booked from the Premier Collection
- This is a pay-in-full card, so your balance is due in full every month

