In January, Elon Musk, investor behind SpaxeX and Tesla, reignited his initial 2013 plans for a Hyperloop, or a transport system that would move people from Los Angeles to San Francisco in 35 minutes (it currently takes 6 hours by car) via pressurized pods through a tub. The tub would be kept in a vacuum (above or below ground), so as to have reduced air resistance. The Hyperloop would transport passengers in aluminum pods at around about 760 mph (no big deal). He also said it would take him about 3 to 4 years to make it happen.
Well too bad, so sad. Everyone else just dismissed the idea because it really does seem like an idea for the future. But on Wednesday, and seemingly out of nowhere, a company emerged online and via Twitter, called “Hyperloop Technologies”, and the ground already has managed to receive $8.5 million in funding and is looking for an addition $80.
Who are they? Honestly, mostly former friends and employees of Elon Musk. CEO of Hyperloop Technologies, Brogan BamBrogan, former SpaceX engineer has said, “We have the team, the tools and the technology. We can do this”. Board members include David Sacks, who used to work with Musk at PayPal, and a lot of former SpaceX employees.
The main difference between Musk’s idea and Hyperloop Technologies, is the cargo. Musk envisioned a carrier for people, whereas Hyperloop Technologies is focusing on a “cargoloop” instead.
Musk better put on his seat belt, the race has just begun.
Hello world. Welcome to the future of transportation: http://t.co/6cGj85pcGG— HyperloopTech (@HyperloopTech) February 11, 2015