If this really is the concept that Musk is working on, it would likely launch a vehicle into space to reach their earthly destination. This matches his idea that it would be "immune to weather" and also not a tube.
So if it works, it would be great both for space tourism AND high-speed travel around the world. Really ties together his transportation and space ventures :)
The hyperloop is not a space based system. The little that Musk has said about it, indicates that. For example, he said it would be a vast improvement over the current rail system planned for California, and could plausibly be powered by solar. Nobody is going to use space travel to go between LA and San Francisco.
So if it works, it would be great both for space tourism AND high-speed travel around the world. Really ties together his transportation and space ventures :)