AUSITN -- A brand new mode of transportation has the tech world buzzing.
It's the brainchild of the same man who brought us PayPal, Tesla Motors and the space transport company, SpaceX.
"I have a name for it, which is called the Hyperloop," Elon Musk told tech website Pando Daily.
Musk has a detailed plan to transport people at up to 600 miles per hour using a large pneumatic tube similar to what you see in the bank drive-thru.
"It's this cross between a Concorde, a rail gun, and an air hockey table," said Musk.
The tubes would be built above ground.
Musk estimates a route from Los Angeles to San Francisco, would cost 6 to 7 billion dollars to build which is far less than highspeed railroad.
For a comparison, that's about the same distance as Austin to Oklahoma City. The ride would only take 30 minutes and cost $20.
We may be about a month away from the next iPhone.
Technology website "All Things D" says Apple will hold a special event September 10 to announce the iPhone 5S. Not surprisingly, Apple wouldn't comment.
The 5S will be run by Apple's new iOS 7, have a fingerprint reader for security, and a better camera.