TLDRs: The Boring Company targets Dubai for its second major underground transit system by 2026. Dubai Loop will cover 17 km, serving up to 20,000 passengers per hour in initial phase. Technology choices, including vehicle type, remain undecided for Dubai Loop rollout. Project reflects Dubai’s push for high-tech solutions to urban congestion and mobility. Elon [...] The post Boring Company Expands Underground Transit Beyond Las Vegas appeared first on CoinCentral.TLDRs: The Boring Company targets Dubai for its second major underground transit system by 2026. Dubai Loop will cover 17 km, serving up to 20,000 passengers per hour in initial phase. Technology choices, including vehicle type, remain undecided for Dubai Loop rollout. Project reflects Dubai’s push for high-tech solutions to urban congestion and mobility. Elon [...] The post Boring Company Expands Underground Transit Beyond Las Vegas appeared first on CoinCentral.

Boring Company Expands Underground Transit Beyond Las Vegas

2025/10/14 17:42

TLDRs:

  • The Boring Company targets Dubai for its second major underground transit system by 2026.
  • Dubai Loop will cover 17 km, serving up to 20,000 passengers per hour in initial phase.
  • Technology choices, including vehicle type, remain undecided for Dubai Loop rollout.
  • Project reflects Dubai’s push for high-tech solutions to urban congestion and mobility.

Elon Musk’s Boring Company is set to expand its underground transportation footprint beyond Las Vegas, with Dubai earmarked as the site of its next ambitious venture.

The company plans to launch the Dubai Loop, a subterranean transit system, by the second quarter of 2026, according to UAE Minister for Artificial Intelligence, Omar Al Olama.

The first phase of the project envisions a 17-kilometer tunnel network that could accommodate up to 20,000 passengers per hour. While the Las Vegas Loop primarily transports passengers across the convention center campus, Dubai’s system aims to address citywide congestion in one of the world’s fastest-growing urban centers.

Capacity and Connectivity Ambitions

The Dubai Loop, first announced in February, is expected to include multiple stations, offering rapid transit across key parts of the city. While the project’s exact vehicle technology remains unclear, it could mirror Las Vegas’s model, where Tesla vehicles transport passengers underground.

Officials have not disclosed whether Tesla electric cars will be used or whether an alternative autonomous transit system will power the Loop.

Dubai has already explored futuristic mobility solutions, including air taxi trials with Joby Aviation and other providers. The underground Loop would complement these initiatives, providing a high-capacity, weather-independent transit alternative.

Feasibility and Investment Questions

Despite ambitious targets, several project details remain uncertain. The Roads and Transport Authority (RTA) of Dubai has received feasibility study bids, but contracts for construction, financing, and permits have not been announced publicly.

While Dubai recently awarded a $5.5 billion Blue Line metro contract, the capital expenditure for the Loop, as well as its delivery model, whether through public-private partnerships or design-build agreements, remains undisclosed.

Minister Al Olama also highlighted Dubai’s focus on technology, noting that the UAE expects to receive high-end Nvidia AI chips before the end of 2025. These could play a role in optimizing operational efficiency and passenger management for the Loop system.

Wider Context

The Dubai Loop project coincides with the UAE’s broader push into AI and high-tech infrastructure. A major UAE-US AI campus in Abu Dhabi, spearheaded by G42, will rely on nuclear, solar, and gas-fired energy to power an initial 1-gigawatt phase, ultimately scaling to 5 gigawatts.

Projects of this magnitude present opportunities for engineering, procurement, and construction firms, alongside technology suppliers, creating a fertile environment for innovative transport solutions like the Dubai Loop.

The Loop represents not only a leap in urban mobility but also a signal of Dubai’s intent to position itself as a global hub for smart city innovations. If successful, it could set a precedent for underground transit systems in other high-density metropolitan areas worldwide.

The post Boring Company Expands Underground Transit Beyond Las Vegas appeared first on CoinCentral.

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Kalshi debuts ecosystem hub with Solana and Base

Kalshi debuts ecosystem hub with Solana and Base

The post Kalshi debuts ecosystem hub with Solana and Base appeared on BitcoinEthereumNews.com. Kalshi, the US-regulated prediction market exchange, rolled out a new program on Wednesday called KalshiEco Hub. The initiative, developed in partnership with Solana and Coinbase-backed Base, is designed to attract builders, traders, and content creators to a growing ecosystem around prediction markets. By combining its regulatory footing with crypto-native infrastructure, Kalshi said it is aiming to become a bridge between traditional finance and onchain innovation. The hub offers grants, technical assistance, and marketing support to selected projects. Kalshi also announced that it will support native deposits of Solana’s SOL token and USDC stablecoin, making it easier for users already active in crypto to participate directly. Early collaborators include Kalshinomics, a dashboard for market analytics, and Verso, which is building professional-grade tools for market discovery and execution. Other partners, such as Caddy, are exploring ways to expand retail-facing trading experiences. Kalshi’s move to embrace blockchain partnerships comes at a time when prediction markets are drawing fresh attention for their ability to capture sentiment around elections, economic policy, and cultural events. Competitor Polymarket recently acquired QCEX — a derivatives exchange with a CFTC license — to pave its way back into US operations under regulatory compliance. At the same time, platforms like PredictIt continue to push for a clearer regulatory footing. The legal terrain remains complex, with some states issuing cease-and-desist orders over whether these event contracts count as gambling, not finance. This is a developing story. This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication. Get the news in your inbox. Explore Blockworks newsletters: Source: https://blockworks.co/news/kalshi-ecosystem-hub-solana-base
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BitcoinEthereumNews2025/09/18 04:40