Elon Musk's Hyperloop transportation concept seems like a bit of a pipe dream, but it could be inching closer to reality.
Musk's company SpaceX is holding a competition in June 2016 for university students and independent engineering teams to design Hyperloop Pods. SpaceX will construct a mile-long test track at its California facility and help the competitors with development of the pods, according to information obtained by Mashable.
Hyperloop is Musk's concept for an 800 mph tube transportation system that promises a trip between Los Angeles and San Francisco in under 40 minutes. Pods with seats for a few passengers would travel through the above-ground tubes, with a distance of five miles or so between the other pods. After he announced plans for the Hyperloop concept in August 2013, Musk said it was a low priority compared with his other ventures, SpaceX and Tesla Motors (Musk is also the CEO of Tesla). While various startups have sprung up with the goal of developing the Hyperloop, none are officially affiliated with Musk.
SpaceX isn't looking to commercialize the technology but is looking to "accelerate development" of Hyperloop
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