From the mind of genius, billionaire,
playboy philanthropist, Elon Musk, the Hyperloop Track will be coming to fruition with construction starting next year. According to an agreement between Hyperloop Transportation Technologies and a central Californian developer, the project will start as a five mile stretch down Interstate 5.
Musk outlined his idea for a mode of transportation that was faster and cheaper than high-speed rail systems back on August 23, 2013. After much speculation on whether or not the idea would even work, JumpStarter, Inc. launched a crowd collaboration (a cross between crowd sourcing and team collaboration) to start the research company that would complete a technical feasibility study and try to bring Musk’s idea into reality. After whittling down the applicants to about 200 engineers that have been promised stock options as future compensation, Hyperloop Transportation Technologies was born.
HTT plans on releasing a direct public offering sometime in the third quarter of 2015 and raising the $100 million or so it will take to build the prototype. The construction will span from Quay Valley to Los Angeles, covering 7,500 acres of land along Interstate 5.
While not quite as fast as the originally proposed 800 mph or as long as the 400 miles of track, this first piece of Hyperloop will serve to both test and tweak various elements like design features and practical procedures. CEO Dirk Ahlborn says, “speed is not really what we want to test here” and that this is just the first step in building a longer, faster track once initial testing has been completed.
Eventually after all the details of the initial track get worked out, the company has ambitions to connect the US through their Hyperloop. Already performing within their decade launch plan, HTT could very well be on target for having a transport system that looks like this: