"We have a person in Elon Musk who started an electric auto company from nothing, and started a space company from nothing, and he has proven that he doesn't like to fail", Emanuel said.
The system will transport passengers from the Loop to O'Hare International Airport - one of the world's businest.
The Boring Company is on its way to Chicago. Musk founded the company in the hope of alleviating city gridlock by building more tunnels, an endeavor that has set the company's engineers toward improving tunneling techniques.
The service from downtown to the airport on electric vehicles in underground tunnels will take 12 minutes, mayoral spokesman Adam Collins and the company said on Twitter on Wednesday night. It is unknown when the project will go online, but the concept has made some headway in major U.S. cities.
The Boring Company's new O'Hare Airport Station.
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The Chicago Infrastructure Trust, acting on behalf of the City of Chicago, chose the Boring Company's proposal for the Chicago Express Loop service from downtown Chicago to Terminals 1 - 3 at the city's O'Hare Airport - where almost 80 million passengers boarded or disembarked at the IL airport in 2017.
The skates will travel at up to 150mph and take 12 minutes end to end at an estimated cost of $20 to $25 per ride, according to the Chicago Tribune. Maryland's Department of Transportation gave conditional approval to the construction of a tunnel from Baltimore to Washington for a super-high-speed transportation system, The Washington Post reported in October.
Musk detailed The Boring Company's Loop, a mass transit system that will carry 16 people and travel at 150 miles per hour through a tunnel.
Though it may sound similar in design to a subway system, the Boring company is quick to point out that the electric skates will move faster than subway cars and they'll be completely autonomous. After Thursday's announcement, the city will begin one-on-one contract negotiations with The Boring Company. It also requested that fares be below the current rates for taxis and ride-share trips.
When setting requirements for bidding, the city of Chicago set a goal of connecting downtown with O'Hare in 20 minutes or less and having a trip occur every 15 minutes. The company has been digging under a SpaceX parking lot, while its application to dig a tunnel beneath Los Angeles and Culver City is caught up regulatory obstacles and legal challenges.