Parallel Systems, a company founded by three former SpaceX engineers to build autonomous battery-electric rail vehicles, came out of stealth mode on Wednesday with a $49.55 million Series A raise. The ...

NASA has been working on creating a new, cheaper method to launch spacecrafts. Their latest proposal involves train tracks, a rail gun and a scramjet. Here’s what they’re trying to do: In April, ...

With almost $50 million raised so far and the desire to reimagine the railroad system, a team of three former SpaceX engineers founded Parallel Systems, a California-based company that wants to make ...

Imaginethis: A wedge-shaped aircraft attached to a supersonic jet engine is hurtlingalong an electrified track, carrying a pod or spacecraft destined for orbit. Soundfarfetched? It may not be. A team ...