Firms conducting research into superconductors have seen their share prices jump since a July 22 paper from South Korean researchers.
Imagine riding a levitating train at speeds of 14,000 miles per hour — cutting the trip from New York to Los Angeles to just 20 minutes.
“We believe that our new development will be a brand-new historical event that opens a new era for humankind,” the researchers wrote. “If it wasn’t clear why this is a big deal, if successful LK-99 would be a watershed moment for humanity easily on-par with the invention of the transistor,” engineer Andrew Cote wrote on his X profile.Getty Images/iStockphoto
Koch added: “Some of my colleagues have already voiced concerns about the data presented by the South Korean group.”The remote possibility LK-99 could provide a giant leap for mankind spiked the stock price of firms conducting research into superconductors. American Superconductor Corp. saw its shares increase by nearly 130% in the days after the South Koreans published their paper.
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