Former SpaceX rocket engineers plan to build and sell $300,000 electric speedboats that can reach 40 miles per hour and run for 5 hours per charge

• Former SpaceX engineers are building a commercial electric speedboat called the Arc One.
• The boats, designed to reach speeds of 40 miles per hour, will sell for $300,000, the company said.
• All of Arc’s employees other than its CEO previously worked at SpaceX.

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A team of former SpaceX engineers is building $300,000 commercial electric speedboats.

California startup called Arc said has raised $4.

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