Elon Musk addresses reporters, alongside Chicago Mayor Rahm Emanuel, about his proposal to build a high-speed underground commuter system from Chicago's downtown Loop district to O'Hare International Airport, in Chicago, Illinois, U.S., June 14, 2018.
The company has stated that its electric pods would travel at 125-150 miles per hour.
As for how much it would cost Chicago travelers to ride on the system, the Boring Company says that while it's not yet finalized, the fare "will be less than half the typical price of taxi/ride-share services", but higher than the city's Blue Line train from O'Hare - which now costs $5, as a special fare.
Elon Musk has taken on a task perhaps more challenging than launching rockets into space: getting passengers from Chicago's O'Hare to the Loop in 12 minutes, roughly three to four times as fast as the current taxi journey.
It will link downtown Chicago with O'Hare International Airport. That compares to the roughly 40 minutes it now takes to make it from O'Hare to the city via the Chicago Transportation Authority's Blue Line train.
Musk's plan proposes a 16-passenger autonomous vehicle that can whip passengers at speeds up to 100 miles per hour through tunnels between the airport and downtown.
As for what form the company's train will take, past year Musk tweeted: "Electric pods for sure".
Doubts remain. First, The Boring Company will need to drastically cut the costs of tunneling while working under one of the world's major cities.
Dubbed The Chicago Express Loop, the project would include The Boring Company completing the Block 37 superstation, and digging twin tunnels to O'Hare.
Rivkin said the city hopes to minimize the land-use issues by locating the two tunnels - one inbound, the other outbound - beneath existing government-owned right-of-way areas, such as the Kennedy Expressway or under streets that run diagonally through the Northwest Side, including Elston and Milwaukee avenues. Single passenger vehicles will also be available, but no other information has been provided on this. The company will now begin negotiations with the city of Chicago on a final deal for the project.
The planned Chicago system will feature what the company calls "electric skates", which are vehicles based on Tesla's Model X SUV. That price tag would be significantly lower than recent subways built in the United States, which have cost from $600 million to over $2 billion per mile.
A Boring Company spokesman said Thursday the company is "really excited" to work with the city.
Musk announced last month that it had almost finished building its first stretch of tunnel there. "Almost like an autonomous, underground, multi-level auto system".