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Elon Musk’s Hyperloop Speeding Towards Reality?

Elon Musk, founder and CEO of both Tesla and SpaceX, made it quite clear in August of 2013 when he wrote his white paper detailing his plans to send us hurtling through tubes at nearly 800 mph that he just didn’t have time to take on the project. However, as reported by Alex Davies of Wired earlier today, many answered the call of the hyperloop and it appears as though construction on the first prototype “track” could begin as early as next year.

Hyperloop Transportation Technologies makes announcement

The release of Musk’s paper in the late summer of 2013 coincided with the beta-launch of the hybrid crowdfunding and crowd-sourcing site JumpStartFund. JumpStartFund was responsible for the founding of Hyperloop Transportation Technologies (HTT) by JumpStartFund. The latter claims that it has multiple sources of funding in addition to a number of engineers from NASA, Tesla, The Boeing Company (NYSE:BA) and other companies willing to work on the hyperloop in their spare time in exchange for stock options in the company.



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